Daily Forex Analysis and Predictions for July 23, 2009

EUR/USD
It is more likely to go down to around 1.4150. But may be before it goes down, we see that it might have potentially to try to reach higher than 1.4250 or even 1.43. You can entry sell after it goes up.
(Current Price: 1.4232)

GBP/USD
It is more likely to go down to below 1.64, but before it goes down, it might have potentially to go up first at around 1.66. We recommend to use a breakout strategy, Buy if reaches around 1.65, and Sell if reaches 1.64.
(Current Price: 1.6481)

AUD/USD
It is complicated, and today better not to trade in this currency.

USD/JPY
It is also complicated, but we predict that it is more likely to go down to around 92.70, before it goes up again to around 94.
(Current Price: 94.26)

USD/CHF
It is more likely to go down to around 1.06 or lower. But please beware, because it might have potentially to go up first at around 1.0680 or 1.07.
(Current Price: 1.0655)

Don’t be too late, and always check the posting time/update.

Beware from today news: (time is using GMT+7 / Indonesia – Jakarta Time)
(see your time conversion at www.timeanddate.com)

15:00 EUR
15:30 GBP
19:30 USD
20:00 EUR
20:30 USD
21:00 USD

Forex signals and technical analysis can be affected by the news report (fundamental)