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Daily forex analysis for April 29, 2009 (5:17am GMT+7)
EUR/USD
It looks more likely that it would go up to 1.3250 or even 1.3300, After which a downside move to 1.3000 is expected.
(Current Price: 1.3145)
GBP/USD
It looks more likely that it would go up to 1.4750 or even 1.4900, After which a downside move to 1.4650 is expected.
(Current Price: 1.4629)
AUD/USD
It is possible to go down to around 0.7010, After which an upside move to around 0.7100 is expected. Entry Buy at 0.7010 with Risk to 0.6950.
(Current Price: 0.7055)
USD/JPY
it is possible to go down to 95.50, After which an upside move to around 97.20 is expected
(Current Price: 96.41)
Daily Forex Analysis for May 1, 2009
(updated: 11:01am GMT+7)
EUR/USD
It is more likely to move down to 1.3150 after it hit around 1.3290. Entry sell at 1.3290, with Stop at 1.3340. And if it hit more than 1.3350 then it would be bullish
GBP/USD
It more likely to move down to around 1.4670 or may be lower.
AUD/USD
It is more likely to move up to 0.73 or even 0.7450. and if it is hit at 1.7490, you can sell at this point with target to 0.7350 and risk to 0.7550.
For more details or for other currency pair analysis, please access to: www.gainscope.com/forex