EURUSD Forex Forecast (Updated Daily)

[ForexWatchers]

Forecast for May 23

Good morning everyone,

Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.42581 and 1.42296. Attached is the visual of our forecast for May 23, 2011.

Regards,
Forex Watchers Team

 

[ForexWatchers]

Forecast for May 24

Good morning everyone,

Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.40197 and 1.39774. Attached is the visual of our forecast for May 24, 2011.

Regards,
Forex Watchers Team

 

[ForexWatchers]

Forecast for May 25

Good morning everyone,

Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.41380 and 1.40896. Attached is the visual of our forecast for May 25, 2011.

Regards,
Forex Watchers Team

 

[ForexWatchers]

Forecast for May 26

Good morning everyone,

Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.40771 and 1.40404. Attached is the visual of our forecast for May 26, 2011.

Regards,
Forex Watchers Team

 

[ForexWatchers]

Forecast for May 27

Good morning everyone,

Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.41379 and 1.41778. Attached is the visual of our forecast for May 27, 2011.

Regards,
Forex Watchers Team

 

[ForexWatchers]

Forecast for May 30

Good morning everyone,

Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.42458 and 1.42096. Attached is the visual of our forecast for May 30, 2011.

Regards,
Forex Watchers Team

 

[Piratetrader]

miss, i don't understand this the euro/usd should consists 5 numerical. and after the dot there should be 4 numerical like 1.4276 but why is there 5 numercial??

 

[SavantGarde]

Saif,

4th decimal what one normally sees is the Pip for most Crosses except the Yen... but you can keep any amount of numerical on a ECN platform... for eg: 1.4276854 also for buying and selling

SG

miss, i don't understand this the euro/usd should consists 5 numerical. and after the dot there should be 4 numerical like 1.4276 but why is there 5 numercial??

 

[Piratetrader]

Saif,

4th decimal what one normally sees is the Pip for most Crosses except the Yen... but you can keep any amount of numerical on a ECN platform... for eg: 1.4276854 also for buying and selling

SG

sir you mean that the last numerical is for no such use?

 

[SavantGarde]

Saif,

What I am saying is 1 PIP is the fourth decimal figure for most Pairs except few JPY pairs where the second decimal figure is 1 PIP

Examples:

If you buy EUR/USD @ 1.4276 & Sell @ 1.4277 you have earned 1 PIP Profit
Now it doesn't mean you can't keep a BUY @ 1.427626 or a SELL @ 1.427785
5th, 6th & etc. decimal figures also translate into profit and loss

USD/JPY If you BUY @ 81.75 & SELL @ 81.76 translates into 1 PIP Profit
and again if doesnt mean you can't BUY @ 81.75354 or SELL @ 81.76374

Now do you understand or you still don't understand...

...and please address me as SG and you will have the same undivided attention

SG

sir you mean that the last numerical is for no such use?