How To Tell a Good Forecast from a Bad One
Here’s a forecast for you. Clear and direct. As quoted by a Reuters reporter in his January 15, 2009, article, entitled, "Global Lending Thaw May Yet Return to Deep Freeze."
Month: March 2009
Daily Forex Analysis – March 6, 2009
USDJPY Analysis. USDJPY pulls back sharply from 99.67 level. Moving sideways in a range between 96.84 and 99.67 could be seen in next several days. However, the price action from 98.70 is treated as consolidation of the...
Daily Forex Analysis – March 5, 2009
USDCAD Analysis. Being contained by the long term key resistance at 1.3015 (Oct 28, 2008 high), USDCAD pulls back from 1.2973, suggesting that a short term cycle top has been formed. Consolidation in a range between 1.2500...
Daily Forex Analysis – March 4, 2009
EURUSD Analysis. EURUSD breaks below 1.2512 previous low support, suggesting that the short term downtrend from 1.2898 is underway. Deeper decline is expected to 1.2400 zone in a couple of day. Near term resistance is at the...
Daily Forex Analysis – March 3, 2009
USDJPY Analysis. USDJPY is in consolidation of the medium term uptrend from 87.12 (Jan 21 low). Moving sideways in a range between 96.35 and 98.70 is expected in a couple of days. Further rally is still possible...
Daily Forex Analysis – March 2, 2009
EURUSD Analysis. EURUSD stays in a trading range between 1.2512 and 1.2991. The fall from 1.2991 could possibly be resumption of the medium term downtrend from 1.4719 (Dec 18, 2008 high). Deeper decline would more likely be...