FX Forecasts for THURSDAY - JULY 26th
From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 26, 2007 12:51 PM
Subject: My LATEST FX Forecasts for JULY 26th
To: TRL <max.mckegg@trl.co.nz>
To View Forecasts in PDF Form, Click on Attachment
My FX Forecasts for THURSDAY - JULY 26th
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JULY 26th,1.3725 - Euro's rallied well & Support is now around 1.3500 to
yield resumption of Uptrend above Key 1.3850 Resistance to target 1.4550
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* July 26th, 1.3725
Support /3695/3680/3635/
** *** RESISTANCES *** ** probably now found at 3750/3765,3790 max.
Resistance /3730/3765/3790/ for next leg of sell-off twd 1.3600 level
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Looking to Sell Euro about 1.3760,Stop above 1.3810,for decline twd 3600
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JULY 26th,1.2130 - Dollar undergoing corrective recovery onto Resistance
around the mid 1.2300's before next attempt at Key 1.2000/1.1960 Support
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 26th, 1.2130
Support /2115/2100/2080/ Dollar has rallied as expected & Support
** *** RESISTANCES *** ** is now around the 1.2100 level to extend
Resistance /2165/2200/2255/ Dollar's recovery onto the mid 1.2200's.
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Buying Dollar at 1.2115/1.2100,Stop under 1.2075,for rally toward 1.2250
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 23rd,121.70 - Dollar's advance has faltered & Resistance now around
122.00,122.60 max.to yield sell-off back toward the 118.00 Support level
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 26th, 120.50
Support /2040/2015/1985/
** *** RESISTANCES *** ** now about 120.40/120.15 for next advance
Resistance /2095/2115/2160/ onto the 121.00 level,enroute mid 121.00s
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Support at 120.40,120.15 max,Stops under 120.00,for rally toward 121.00+
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,2.0340 - Sterling's rallied nicely & Support is now around the
2.0200 level extending Uptrend twd 2.1000,then 2.1600 over coming weeks.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 26th, 2.0525
Support /0490/0465/0400/
** *** RESISTANCES *** ** target & further corrective consolidation
Resistance /0550/0590/0650/ likely with 2.0590/2.0650 yielding 2.0490
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Until 2.0490 suport broken,opportunity for 2.0590,2.0650 max.before Down
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.8700 - Ozzy's rallied nicely & support now around mid .8600's
extending Uptrend toward next targets of .9000 & .9300 over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* July 26th, .8845
Support /8825/8790/8750/
** *** RESISTANCES *** ** opportunity for rally near .8900.However,
Resistance /8870/8900/8940/ this prob. gives-way to another reaction.
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Still opportunity for rally toward 8900 Resistance before S/T exhaustion
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.7860 - Kiwi's rallied nicely & Support now around .7800 level
to extend Uptrend toward next targets of .8150 & .8400 over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* July 26th, .8015
Support /7965/7940/7900/
** *** RESISTANCES *** ** now around mid 8000's to extend corective
Resistance /8015/8030/8055/ sell-off toward .7940 and Key .7900/.7885
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Still risks greater correction before complete.Buying around .7900 level
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Disclaimer: Max McKegg & Technical Research Ltd accept no liability
for any loss or damage that may directly or indirectly result from
any advice, opinion, information or omission whether negligent or
otherwise, contained in this report.
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