14Apr

EURUSD FORECAST FOR THE WEEK OF APRIL 15-20, 2012

EURUSD’s rise from 1.3003 is complete at 1.3384 with risk for further downside extension in the days ahead.  A daily close below 1.3003 will suggest further downside extension is underway targeting 1.2913, 1.2857, 1.2812 and 1.2767 in the days ahead.  As to the upside, a daily open and higher close above 1.3187 will turn the […]
01Apr

EURUSD OUTLOOK FOR APRIL 2012

EURUSD’S fall from the October 2011 high of 1.4246 is complete as the week of March 25th witnessed prices opening above 1.3243 and closing higher thus completing the fall from 1.4246 at 1.2623.  Look for further rise into the days ahead with 1.3435 and 1.3626 as the initial target while a weekly open and lower […]
03Mar

EURUSD OUTLOOK FOR MARCH 2012

EURUSD’s witnessed a high of 1.3484 in February, just a few pips above rour foecast high of 1.3435 (see February outlook) while the  fall from the 2011 high of 1.4939 remains active as ONLY a weekly open and higher close above 1.3508 will complete the fall from 1.4939 at the 2012 low of 1.2643.   […]
05Feb

EURUSD OUTLOOK FOR February 2012

EURUSD’S fall from the 2011 high of 1.4939 remains active as ONLY a monthly open and higher close above 1.3243 will complete the fall from 1.4939 at the 2012 low of 1.2623.  For the month ahead, look to sell EURUSD within the 1.3243-1.3435 zone for further downside extension targeting 1.2918, 1.2805, 1.2623, 1.2441, 1.2329 and […]
02Jan

EURUSD, GBPUSD and SPOT GOLD 2012 Forecast

EURUSD’s fall from the 2011 high of 1.4939 remains active as ONLY a monthly open and higher close above 1.3652 will complete the fall from 1.4939 while the 2011 low of 1.2857 holds.  Look for 1.3652-1.3898 zone to limit the upside with further downside extension in the weeks ahead targeting 1.2599 and the 2010 low […]
04Dec

EURUSD OUTLOOK FOR DECEMBER 2011

EURUSD’s fall from the 2011 high of 1.4939 remains active as ONLY a monthly open and higher close above 1.3831 will complete the fall at the October 2011 low of 1.3145. As to the medium term outlook, ONLY a monthly open and higher close above 1.4042 will turn the outlook neutral to slightly bid. However, […]
04Nov

November 2011

EURUSD’S fall from the August 29, 2011 high of 1.4548 is complete at the October 2011 low of 1.3145, a few pips below the 1.3159 target cited in our October 2011 forecast. Daily studies suggest risk remains to the downside with prices targeting the January 2011 low of 1.2873  into the weeks ahead while only […]
02Oct

October 2011

EURUSD’S rise from the 2011 low of 1.2873 is complete at 1.4939 as weekly prices sustained below 1.4150 thus witnessing further decline towards 1.3662 downside target. (see September 2011 update).  Weekly prices have subsequently opened and closed below 1.3662 thus reaching our next  target of 1.3360.  Look for a daily open and lower close below […]
06Sep

September 2011

EURUSD’S rise from the 2011 low of 1.2873 remains active as ONLY a weekly open and lower close below 1.4150 will complete this rise while 1.4939 limits the upside.  A weekly open and lower close below 1.4150 will favor further downside extension within a 1.3662-1.4150 zone before another attempt to the upside. My outlook still […]
25Jul

EURUSD Outlook for August 2011

EURUSD weekly chart remains in a descending wedge formation as this consolidation formation favors further rise into the weeks and months ahead. This week’s trendline resistance comes in at 1.4481 while the trendline support comes in at 1.3761.  The upper trendline declines more rapidly while buyers at the lower trendline also declines but at a […]

*Disclaimer: Any and all opinions, commentary, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. We are not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. We have taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.

Foreign Exchange market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading/Forex, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk or surplus capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.

Commodity Futures Trading Commission: Futures, Options and foreign currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex/futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell Forex/futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. CURRENCY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.