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EURUSD Analysis 2013-05-07

Posted on May 7, 2013 in EURUSD |

We see high chances of the pair move up gradually towards (1.3159 – 1.3212).
A proper confirmation would occur if the EURUSD will manage to overcome the (1.3120) resistance over today`s trading session.

GBPUSD Analysis 2013-05-07

Posted on May 7, 2013 in GBPUSD |

We prefer upside scenario at this phase.
Since bias is bullish in nearest term targeting (1.5628). Another move back below (1.5486) could lead us to neutral zone.

USDJPY Analysis 2013-05-07

Posted on May 7, 2013 in USDJPY |

The USDJPY still trapped in range area of (99.54– 96.90). A break in either direction will determine the trading bias in today`s session. Break below (96.90) could trigger further bearish pressure targeting (98.51), while break above (99.54) could trigger further bullish advances testing (100.30).

USDCHF Analysis 2013-05-07

Posted on May 7, 2013 in USDCHF |

The bias remains neutral in nearest term. A need for a clear break from the range area (0.9372 – 0.9236) so we can see clearer direction. Break below (0.9236) could trigger further bearish pressure targeting (0.9254) and keep the major bearish scenario remains strong while break above (0.9372) could trigger further bullish correction testing (0.9490).

USDCAD Analysis 2013-05-07

Posted on May 7, 2013 in USDCAD |

We prefer a downside scenario at this phase.
Since bias is bearish in nearest term targeting (1.0024). Another move back above (1.0104) could lead us to neutral zone.

AUDUSD Analysis 2013-05-07

Posted on May 7, 2013 in AUDUSD |

We see better value in short positions.
If the price will go below the first support at (1.0222), this would confirm continuation of the bearish trend, towards next objective downwards (1.0175) then (1.0127) and (1.0091) will follow.

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