This week’s predictions

I thought this week I would try something new and make Forex predictions for the week, for each of the 6 major currency pairs. Just some quick analysis, and I’ll see how accurate my predictions are at the end of the week.

Major news expected this week: None

EURvsUSD – Down from $1.5731 to $1.550 – Expected time period: 2-3 days

USDvsJPY – Down from $101.58 to $100 – Expected time period: 1-2 days

GBPvsUSD – Down from $1.9928 to $1.9850 – Expected time period: 2 days

USDvsCHF – Steady, not much change. A minor drop at the beginning of the week, followed by a recovery.

USDvsCAD – Could go either way, but I think it will start going up slightly.

AUDvsUSD – Down from $0.92 to $0.90 or even lower. – Initial drop: 1 day, followed by another.

~ by yarcofin on April 6, 2008.