[B]Purpose of Thread:[/B]
To supply daily forecasts!
We give daily forecasts for (6) currency pairs on our site. Here we will post some of them. Enjoy, and good luck! This thread will be updated daily.
[B]Friday (Oct. 22) Forecast:[/B]
GBP/USD and NZD/USD look strongly bearish for the day while USD/CAD and EUR/CAD look strongly bullish.
Monday, October 25 Forecast:
Expect a bullish movement for [B]EUR/USD[/B] before falling towards 1.40
Expect GBP/USD to hit the 1.572 mark. Bearish.
Expect a bullish movement for USD/CAD. We expect the 1.024 mark to be hit.
Forecasts for Tuesday, October 26:
Expect uptrend for EUR/USD towards 1.4060.
Expect additional weakness for GBP/USD towards 1.5500
Due to unnecessary requests from moderators, I will no longer post ANY information.
EDIT: Sometimes frustration gets the best of you when you try to share information and feel like you’ve been kicked on as a result. Forecasts will resume below. I apologize.
That is sad
Yes Indeed.
Just to clarify, bearish/bullish/neutral trends will be given based on a combination of 11 indicators and simple/exponential MA5, MA10, MA20, MA50, MA100, and MA200 moving averages.
Here we go.
Daily Forecast for Thursday, October 28, 2010:
[B]EUR/USD:[/B]
7/11 indicators indicating bearish trend. Our Support 1(1.3760) is weak, so if that mark is met, expect further pullbacks. Right now our key target is 1.3760.
[B]GBP/USD[/B]
Our indicators are indicating bearish day while the moving averages tell a different story. This pair is neutral. We are waiting for pivot point (1.5796) to be met. If the pivot point is met, we expect the bearish trend to prevail towards support 1 (1.5750). If the pair exceeds 1.5820, expect the bullish trend to continue towards 1.5840.
Have a good day!
Foreign Exchange Market (Forex) Daily Forecasts For Friday, October 29, 2010.
GBP/USD:BUY
S3: 1.5685 S2: 1.5768 S1: 1.5818 Pivot: 1.5901 R1: 1.5984 R2: 1.6034 R3: 1.6117
Currency Pair Outlook: Yesterday, all indicators and moving averages were indicating a neutral trend. We gave two scenarios which would determine the course the pair would take for the day. A bullish trend dominated the day with resistance marks 1 and 2 being met…and almost resistance mark 3! Today, ALL indications lead us to believe a continued bullish trend. Our key target is 1.5984. On the other side, any drop below our pivot point will begin a bearish trend towards 1.5900.
NZD/USD: BUY
S3: 0.7437 S2: 0.747 S1: 0.749 Pivot: 0.7523 R1: 0.7556 R2: 0.7576 0 R3: 0.7609
Currency Pair Outlook: The moving averages indicate a bullish trend while the indicators are neutral. We expect a slight bullish movement with our key target at (0.7550), just below our first resistance point. A strong break above our first resistance mark will make ways for further gains towards 0.7570, and possibly 0.760. Any drop below our pivot point (0.7523) will make ways for slight further setbacks towards 0.4510. If there is a strong break below 0.7500, expect even further setbacks towards support point 1 (0.749).
More forecasts Can be found on My site, which I cannot post here due to forum policy. However, By viewing my Babypips profile by clicking my name, and then clicking “contact info”, you will see my website.
Have a Good Day!