August FX forecast

Have you been thinking where the prices of major fx crosses may go?

I have found on the net a file few days ago and many of these forecast tend to acctualy be correct.
does anyone know this forecasts services?

Do you acctualy think that EURUSD will go down to 1.40???
Istn the level of 1.5 already an oversold level.

GBPUSD also seems oversold and seems loke it should maybe go back to 1.95?

in my oppinion usdjpy will go higher to 112 in august

and that dollar index will be arround 74

Well if you based your analysis on the same chart I am seeing now
Eur/usd should dropped hard to 1.3262 or at least 1. 4125 to be at the same correlation with GBP/USD before you start talking whether they will go up.

If you are already long before asking this question I will say reconsider
your stand or cover your trade by knowing how much you will be
prepared to lose, in case it dropped lower. It has better chance to drop
further than Gbp/usd.

It is not whether an instrument will go up or down they do so at will, but the question is when?

If you look at GBP/USD it remained in over-bought level for almost 10months last year before it dropped to the current level where it is now within two months. Most of the drops were actually in the last days of December.

So who is saying it may not remain in over-sold for a long time?
till end of the year before it shoot up overnight in one or two days?

If you look at your PDF this is one man's views and it said:

These forecasts are put in line in expectations of the future economic publications. Should any unexpected results occur, the volatility may affect the price and deviation may occur.

Actual price movements are not based on probabilities, but people's forecasts or techniques are. So you see they are already defending their techniques as not 100% sure. Instead, take your trading daily instead of long term unless you have the capital to take the risk, then why not. Trading and business is about taking risk

my 2 cents

thanks

FXBROKER
you say that it will drop to 1.31
When do you think that will happen? in 2008

I said it should drop based on the nature of the chart right now, and not that it will drop to that level.

Well when it will reach that level is irrelevant but I rather rely on
this teaching by our Lord.

"Our Father who is at in heaven
Give us this day our daily bread"

You see that is theory #1. Only God knows what He has for us
in each brand new day. Why worry about tomorrow when we are already overwhelmed with today's price movements?

When you take your trade on day-by-day basis you are likely to succeed or avoid over exposing your equity to ruins.

Fxbroker

Thats true, thanks for your oppinion.

Aa i guess

most majors (next week) will be strong

NZDUSD:

I have a short position at .7031 trying to find out where it is headed. Does anybody have an idea were it is headed

My educated guess is that it will head up to complete the upward correction and then head back down again afterwards.

Up to where, might I ask?

I think long term

eurusd 1.4
gbpusd 1.7
usdjpy 120
usdcad 1.2
usdchf 1.2