The Brief Daily Forecaster 4th March 2010
DAILY FORECAST FOR USDCAD Bias: While 1.0323-35 caps the risk remains lower for 1.0243 before a correction A more direct resumption of losses is pointing to the 1.0323-35 area capping for losses to press the 1.0273 low with break indicating 1.0243. Take care here as this could stall and cause a correction. Thus, only look [...] [...more]
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The Brief Daily Forecaster 3rd March 2010
DAILY FORECAST FOR EURUSD Bias: We should see a test of the 1.3687-07 area . ideally this should cap else see stronger gains Watch the 1.3787-07 area. As long as this is approached with momentum slowing in a bearish divergence this would appear to be just a recycling of the correction from the original 1.3449 [...] [...more]
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The Brief Daily Forecaster 2nd March 2010
DAILY FORECAST FOR GBPUSD Bias: Ideally I’d actually like to see this correct higher to 1.5178. however, the downside is vulnerable & MT losses are expected Given the size of losses yesterday we’ll either see a day of consolidation or complete panic again. Below 1.4898-18 would imply losses back through 1.4835-60 to the 1.4732 low. [...] [...more]
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The Brief Daily Forecaster 1st March 2010
DAILY FORECAST FOR USDCHF Bias: While the 1.0665-94 area holds I am more in favor of the uptrend resuming Price stalled at the 1.0694 support to the pip and with an hourly bullish divergence I feel we shall see the uptrend resume. The first attempt may well stall at the 1.0770-98 area ad cause a [...] [...more]
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The Brief Daily Forecaster 26th February 2010
DAILY FORECAST FOR USDJPY Bias: Cautiously, while 89.49 holds I feel we should see extension to 88.33 before a larger correction higher The bounce from the 88.79 low has reached key resistance at 89.50. Cautiously, while this remains intact I feel we should see a return to the 88.79 area, a second (but shallower) correction [...] [...more]
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The Brief Daily Forecaster 25th February 2010
DAILY FORECAST FOR AUDJPY Bias: Slightly mixed – waiting for breaks but the underlying risk does still seem lower As opposed to the other JPY crosses this hasn’t made a new low. Having said that it doesn’t look that healthy right now. Only a move back above the 80.37 pivot area would lead the way [...] [...more]
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The Brief Daily Forecaster 24th February 2010
DAILY FORECAST FOR EURJPY Bias: I feel the 122.32-42 (max 122.74) area should hold for losses to 120.69-96 before correcting higher The downside is opening up again though I don’t really see this being strong today. More likely the 122.32-42 (amx 122.74) area will cap for losses back below 122.00 for yesterday’s 121.56 low and [...] [...more]
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- Forex Predictions for 2009
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