Daily Forex Forecasts

I just came across a site called Forex Predictions which generates daily high/low price forecasts for a number of currencies. So if you're into trading based on daily ranges, an idea I've toyed with periodically, it might be worth a bookmark. My guess is it's applying the average daily range over a certain period (month, maybe?) to the previous day's closing price. Or something like that.

Here's their page with all the daily predictions for currencies like the Euro, Yen, Pound, Swiss Franc, Canadian Dollar, South African Rand, Thai Baht and various others, all calculated vs. the US Dollar:
Daily High/Low Forex Forecasts

Another handy feature is a little box you can install on your site with that day's high and low predictions. For instance, here's the Euro prediction box. Maybe I'll stick it in the sidebar one of these days.

My main quibble with the site is it doesn't provide data on the past performance of their predictions. So I definitely wouldn't take the forecasts at face value - I'd monitor them for a while to see how close they come to the real prices.