Analysis of the Currency May 7, 2012

EUR / USD

For today’s session we might consider opening a new long position if the value of the exchange ratio should break to the upside the 1.3030 threshold, setting the first target 1.3050 at 1.3070 and the second goal. If the share price were to break the downward 1.2940 could open a short position with the first goal at a height of 1.2920 and 1.2900 share for the second goal.

EUR / GBP

For the day today we could open a new long position if the price were to break the rising share of 0.8080, by fixing the first lens portion and the second lens 0.8100 0.8120 share. If the price were to fall to 0.8040 but break, we could open a short position with the first target at an altitude of 0.8020 and 0.8000 share for the second goal.

USD / JPY

For today’s session we might consider opening a position in buying if the price were to rise in proportion to the break 79.90, by fixing the first goal at an altitude of 80.10 and 80.30 seconds at an altitude goal. If the price were to break the downward part 79.60, we could open a short position by placing our first goal at 79.50 and 79.40 seconds at an altitude goal.

GBP / USD

For the day of this cross today, we might think of opening a new long position if price of this exchange ratio should break upwards the threshold price at 1.6150, by fixing the first lens portion and the second lens 1.6170 1.6190. Should the price break on the contrary decreasing the share of 1.6090, we could go short by setting the first goal at a height of 1.6070 and 1.6050 share for the second goal.

Related posts:

  1. Analysis of the Currency 22 February 2012
  2. Analysis of the Currency 15 February 2012
  3. Analysis of the Currency April 25, 2012
  4. Currency Analysis of April 5, 2012
  5. Currency Analysis of February 7, 2012

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