Long-term forecasts on Euro, Yen and Aussie

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 June17 Longterm Report   

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.

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 Aussie June17 Longterm Report  

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.

 

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Yen June17 Longterm Report  

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.

 

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Vikram Murarka

Chief Currency Strategist at KSHITIJ.COM. Likes to look at the markets from many different angles. Weaves many conventional and unconventional technical analysis techniques and fundamental analysis into a global macro perspective. Likes to take the road less traveled.



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15Jun17 USDJPY 111.05: Broken out of triangle. Target 113 now. Could reach in June itself https://t.co/ztg40LTXlH https://t.co/ztg40LTXlH

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