Daily Forex Analysis for May 5, 2009

(updated: 5:04am GMT+7)



EUR/USD
It is more likely to go up to 1.3450 or even higher than 1.35 . But we suggest to entry buy at 1.3340. Stop at 1.3290.
(Current Price: 1.3410)


GBP/USD
It is more likely to go up to 1.5100 or higher. But we suggest to entry buy at 1.4950. Stop at 1.4900. After it reach around 1.5100, it have a potentially to move down
(Current Price: 1.5030)


AUD/USD
We suggest to entry buy at 0.7320 , with profit targets to 0.74 or even 0.75. Risk to 0.7170.
(Current Price: 0.7398)


Read more details at: http://www.gainscope.com/forex



Enjoy !