Daily Forex Analysis for May 7, 2009
(update: 10:08 am GMT+7)

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)


Read more details at www.gainscope.com/forex

Enjoy !