Daily Currency Forecast and Signal for May 20, 2011

$EURUSD

EURUSD

For Now $EURUSD is going high on hour period, I think it will show the same movement a few hours. If it breaks the resistance on 1.4325, it is more likely to go up to around 1.4350 and higher and after that it is more likely to go down to around 1.4300, then to 1.4275 and lower. Watch my tweets for hourly tips and signals. And always know that you make decisions on your own risk.

(Current Price: 1.4320)


$GBPUSD

GBPUSD

  

For today $GBPUSD is showing bullish mood at first hours, and if it breaks the resistance on 1.6235, it is more likely to go up to around 1.6250 then 1.6275, and after that it have potential to go down to around 1.6200 and lower. If $GBPUSD can’t break resistance it will go down to the levels before I said. For hot signals and my personal orders during the day on $GBPUSD follow my twitter account.



(Current Price: 1.6230)


AUD/USD
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USD/JPY
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USD/CHF
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Posted in: Daily Currency Forecast,Daily Forecast,Forex Analysis