Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2012 by Patrick Mikula All Rights Reserved
Lets start this update with the last picture shown in the original forecast posting. The first picture below shows the forecast chart from the original Forex EURUSD forecast. This is a daily chart and it shows my Master Time Factor forecast for the EURUSD covering the time period April 3, 2012 to June 30, 2012. The forecast shows the EURUSD currency pair curving downward. The movement in this forecast time period should form several swings downward toward 1.260.
The next chart is our first update chart which goes up to Friday May 25, 2012. chart. I have drawn a red box around the time period that has unfolded since the forecast was made. The EURUSD is the green and blue candle stick bars. You can see the daily price bars for the EURUSD have followed the forecast lines down. The general curve of the market has followed the general curve of the Master Time factor forecast lines. This is one of the most accurate forecasts for the EURUSD that was posted for the pubic that you will find anywhere. Now lets look at that is coming next.
The final chart below is the same chart but now I have changed the EURUSD price bars to red OHLC bars to make them a little easier to see. On this chart I have drawn a red box around the remainder of this forecast. This time period is May 29 to June 30, 2012. The time of this update is May 28, 2012. Look at the forecast lines inside the box marking the time period. The forecast is as following. (1)A bottom should form in late May or Early June. Then (2) the EURUSD should form a choppy sideways base through most of June. Finally (3) a move up should occur toward the end of June. Some of the forecast lines used to make this forecast run out toward the end of June. This means I will be making a new Master Time Factor forecast for EURUSD toward the end of June. The new forecast should cover 3 month just as this forecast did. This forecast was made using the software Forecasting Made Easy and can be made by anyone using the Master Time Factor chart in this software.
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