Daily Forex Analysis for May 7, 2009

Today it seems quite complicated to be analized, because there are some important news about interest rates that we have to be aware about the results.

EUR/USD
It is more likely to go up to around 1.3350 or higher, and then it is possible to move down, we suggest to entry sell at 1.3400, with profit targets to 1.3350 or lower, Stop Loss at 1.3450.
(Current Price: 1.3296)

GBP/USD
It is more likely to go up to around 1.5250, and then it is possible to move down, we suggest to entry sell at 1.5250, with profits targets to 1.5150 , Stop Loss at 1.5320.
(Current Price: 1.5127)

AUD/USD
it is possible to move down to around 0.74. with risk to 0.76 , profit targets to 0.7450.
(Current Price: 0.7533)

USD/CHF
We suggest to place buy if it is go down to around 1.1200.
(Current Price: 1.1348)

USD/JPY
it seems that it would move flat, but it is also possible to move up to around 99.
(Current Price: 98.55)

GBP/JPY
if it is hit at 149.90 , it can move down to 148 or even lower to 147.
(Current Price: 149.05)

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Ditulis oleh: Unknown - Wednesday, May 6, 2009