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Forecasts

Every evening after the market closes, you get a concise directional forecast for tomorrow, with clearly labeled daily price charts. And if you’re worried that the market might go against you mid-week, or you want to keep your trades alive for months, our weekly and monthly forecasts have you covered. You'll always have our current long-term outlook, complete with weekly and monthly price charts updated as the market requires.

Example

Update for: Friday
Posted On: Fri, 4 Feb 2005 01:28:00 GMT
EUR$
[Last Price]: 1.2966
[Resistance]: 1.2990, 1.3000-1.3018, 1.3035-1.3045, 1.3060-1.3065
[Support]: 1.2942, 1.2920, 1.2865-1.2850, 1.2730



60% Probable : Down :: Critical: 1.3100

Thursday's little third wave declien and subsequent fourth wave bounce bolster yesterday's bearish interpreatation.
Ideally a temporary low will form near (probably just under) the 1.2923 january 20th low on Friday.
But the larger thrust targets are 2-4 cents lower. If an immediate bounce occurs on the unemployment news, it would face resistance in the 1.30000-1.3045.

"Wednesday's decline from 1.3094 is the beginning of a wave © thrust down to 1.27-1.25, OR juste part of the past two week's ongoing sideways trading range. Given the events due on Friday and favour the sideways scenario. However, strategically it makes sense to bet on a continuing decline.

:: December 30th: A completed, extend wave (5) thrust up from August 30th leaves the euro to fall back a few years in wave ((2))."
Email Peter Rehmer, Senior Currency Strategist.