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The Brief Daily Forecaster

Hello I am considering introducing a weekly report in PDF format. This week’s is attached. Please let me know if you would like to place this on your site and I shall organize sending this to you over the weekend/Monday. Many thanks & kind regards Ian Superior support, resistance and analysis http://www.fx-forecaster.com/ www.fx-forecaster.com image001.jpg [...more]

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PLEASE NOTE A CHANGE OF THIS BLOG SITE TO A NEW LOCATION

I am discontinuing this blog. However, you may follow my thoughts on: http://fx-forecaster.blogspot.com/   [...more]

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This could be a tough day…

It seems I held on too long looking for one more dip in the Dollar before the correction. Yesterday’s breaks of key Dollar resistances provoked a sharp follow-through higher and now we’re left a little in mid-air. I do feel that what we are seeing is a correction but quite where this will stall is [...] [...more]

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This last leg lower in the Dollar looks like it’ll take another day or two yet…

Friday proved to be a little of a wash-out … well, apart from GBPUSD that is… To start with that story, the peak came in a little lower than anticipated which was really quite annoying with the decline reaching my target very, very quickly. It should be finding low now – and this morning’s 1.6251 [...] [...more]

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We should see extension to new lows before a larger reversal

There is no change to my expectation of seeing what should be a significant reversal in the Dollar’s underlying downtrend. However, whereas before I had considered this likely to be a total reversal it now looks like being only for a correction. Even then I feel this will be for a correction only and a [...] [...more]

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Targets met… but are they really the final lows?

I have been following this bearish Dollar structure for some time as you will know and yesterday saw my targets in EURUSD and USDCHF met. It’s always nice to hit them pretty close to the pip and those levels prompted a sharp pullback… well, a small one anyway. As the saying goes, it’s not over [...] [...more]

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It looks like we’re in the last leg of the last leg lower… but take care the reversal can now occur at any time…

So far the Dollar’s decline into the cycle low against the Euro and Swiss Franc has been proceeding pretty much to plan with yesterday’s levels holding well. It certainly took it’s time dipping from the 1.4992 high and that has dragged the final low into today – of course that is if it doesn’t go [...] [...more]

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We should now see the Dollar cycle low today or at latest tomorrow…

We appear to be one step closer to the targets I have been indicating for some while. In fact there may only be one more step to go and this could conceivably mean it will come today and at the latest tomorrow. Well, such comments are always there to be knocked off the pedestal so [...] [...more]

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The Dollar-Europe downtrend is getting stretched but I remain bearish

The Dollar has opened the new week with a slight swagger. Currently it is pushing below the 1.4842 EURUSD low and Friday’s high in USDCHF at 1.0223… It doesn’t fill me with confidence in the quest for a final Dollar low but this move is deeper than I would normally expect but not quite yet [...] [...more]

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