Jun, 13, 2017 By Vikram Murarka 0 comments
Need reliable Euro, Yen and Aussie forecasts for business costing and planning your hedges?
We had started to offer long-term forecasts on Euro, Yen and Aussie, spanning over period of 3-quarters. We intend to continue the forecasts on a monthly basis which would reflect changes in our view based on market volatility.
As is unique to KSHITIJ.COM, you will find not only a directional view, but even explicit high-low-close projections for each quarter.
EURO LONG-TERM FORECAST - JUNE'17
The range of 1.05-1.10 has expanded in line with expectations and a breakout above 1.1000 helped Euro to make a high of 1.1285 so far but the current technical evidence points to the strong resistance cluster of 1.1300-1.1450 to hold and push it back inside the long term range of 1.0400-1.1500.
AUSSIE LONG-TERM FORECAST - JUNE'17
In line with what we said in our May report, May saw a low of 0.7325 from where Aussie has been moving up. But a confirmed break above 0.7750-0.7800 is needed to initiate further bullishness towards 0.80 and beyond.
JAPANESE YEN LONG-TERM FORECAST - JUNE'17
: In our May’17 report, Dollar Yen was expected to remain rangebound in 108-115 for the next 2-3 months with a possible extension to 116-118 by the year end.
Dollar Yen failed to rise above 115 but the following decline also failed to breach 108 to the downside.
Forex reports by KSHITIJ.COM are based on dedicated and in depth analysis of various economic and financial parameters. Hence the judgement, quality, probability and reliability of these forex risk management views are quite high.
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Need Euro, Yen and Aussie forecasts for business costing and planning your hedges? You may also be interested in other long term forecasts
As mentioned in the print calendar in January that we would be at crossroads by mid-2017, we are now standing at a crucial inflection point. Now, it is to be seen if the bounce extends past 72.50 or the major downtrend from 86.50 (C ) resumes. This is important to watch, as it could impact Dollar-Rupee as well. here
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