Saturday, November 17, 2012

Chinese Yuan (Cny) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Cny is likely to buy:
Currencycurrent_valueminimummaximum
Cny/Usd0.14760.14440.1522
Cny/Aud0.16710.15990.1766
Cny/Chf0.15560.15140.1587
Cny/Inr6.88806.87436.9313
Cny/Jpy13.040412.629913.3147
Cny/Brl0.25970.25590.2626
Cny/Gbp0.09670.09300.1018
Cny/Nzd0.20410.19560.2169
Cny/Cad0.15220.15140.1543
Cny/Zar1.11131.11781.1180
Cny/Eur0.11570.11160.1215

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.



Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts
No sign yet of the Yuan strengthening. Seems like a safe bet to say that Cny's value will remain fairly constant.
Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/chinese-yuan-cny-monthly-forecast-from.html

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