Exchange rate predictions?
Exchange rate predictions?
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Easty-5

Original Poster:

1,423 posts

206 months

Saturday 26th March 2011
quotequote all
Are there any good, accurate websites out there that show predictions for exchange rates. Mainly looking for US dollars into GBP. It is up at the highest it has been for quite some time at the moment. 1.60. I am just looking to see if this is likely to increase or will it come back down again?

Cheers,
Jamie

RemainAllHoof

78,732 posts

298 months

Saturday 26th March 2011
quotequote all
There are plenty of websites claiming to be good. If they were any good, they'd be trading it and not telling you.

Beardy10

24,537 posts

191 months

Saturday 26th March 2011
quotequote all
RemainAllHoof said:
There are plenty of websites claiming to be good. If they were any good, they'd be trading it and not telling you.
Wise words........

The_Doc

5,606 posts

236 months

Monday 28th March 2011
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Crown Currency Exchange used to be quite good at predictions, and I used them a couple of times.

Must admit I didn't see this coming:

http://www.thisismoney.co.uk/bargains-and-rip-offs...

fortunately I lost nothing

allgonepetetong

1,188 posts

235 months

Tuesday 29th March 2011
quotequote all
The peak was on 22nd March where it closed at 163.58. We had a pretty sharp immediate sell off down to the 160 level you mentioned over the next 3 sessions which is a significant support level.

Ideally we need to see a bounce from here (which over the last 3 sessions we haven't got) before a retest of 160. That would be your entry point with a stop just below yesterday's low at around 159.00.

Otherwise if we don't bounce, a break below 159.00 would see a retracement down to the long term trend line at the 15800.

This is not an entry point.

Edited by allgonepetetong on Tuesday 29th March 12:16