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Economic Calendar | National Holidays Calendar | Interest Rates Calendar

FX Forecasts for TUESDAY - JULY 31st

From: Max McKegg - Technical Research Limited
Date: Jul 31, 2007 12:19 PM
Subject: My LATEST FX Forecasts for JULY 31st
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for TUESDAY - JULY 31st

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JULY 26th,1.3725 - Euro is undergoing correction and whilst now finding
Suport around the 1.3600 level,yields resumption of Uptrend onto 1.4000+
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* July 31st, 1.3690
Support /3700/3665/3650/ Euro has rallied as expected & Suport now
** *** RESISTANCES *** ** around the mid 1.3600's to extend Dollars
Resistance /3730/3770/3800/ rally toward my next target about 1.3770.
------------------------------------------------------------------------
. ** EUROPEAN UPDATE ** July 31st, 1.3715
Euro's rallied well.Will try to Buy again on a reaction to around 1.3665
------------------------------------------------------------------------

. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,2.0340 - Sterlings rallied nicely & Suport probably next found
around the 2.0200 level to yield the resumption of Uptrend toward 2.1000
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 31st, 2.0245
Support /0290/0265/0225/ Having found support around 2.0200 target
** *** RESISTANCES *** ** yesterday,whilst now holding 2.0225/0200,
Resistance /0335/0360/0400/ looking for recovery to extend twd 2.0350
------------------------------------------------------------------------
. ** EUROPEAN UPDATE ** July 31st, 2.0320
Sterling has rallied nicely.Support now at 2.0290, the mid 2.0200's max.
------------------------------------------------------------------------

. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JULY 30th,1.2085 - Whilst Resistance at 1.2100/2150 contains,opportunity
for test/break of Key 1960 Support,yielding sell-off toward 1.1300 level
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 31st, 1.2030
Support /2015/1990/1960/ The Dollar has sold-off well & Resistance
** *** RESISTANCES *** ** is now around the 1.2080 level,1.2100 max
Resistance /2080/2100/2135/ for a sell-off toward Key 1.1960 Support.
------------------------------------------------------------------------
. ** EUROPEAN UPDATE ** July 31st, 1.2035
Until 1.2015 broken,Resistance around 1.2080,for a decline toward 1.1960
------------------------------------------------------------------------

. ** 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
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 31st, 119.05
Support /1880/1850/1805/ The Dollar has recovered as anticipated &
** *** RESISTANCES *** ** Support now around 118.80 to extend this
Resistance /1910/1925/1950/ recovery toward 119.50/119.80 Resistance.
------------------------------------------------------------------------
. ** EUROPEAN UPDATE ** July 31st, 118.90
Support around 118.80,for another rally above 119.10/25 toward 119.50/80
------------------------------------------------------------------------

. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 30th,.8505 - Ozzys corrective sell-off probably finds Suport around
the mid .8400's to yield Reversal,for resumption of Uptrend toward .9300
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* July 31st, .8570
Support /8590/8575/8550/ The Ozzy has recovered well & with Suport
** *** RESISTANCES *** ** now about mid 8500's,8525 max.looking for
Resistance /8615/8650/8665/ advance to next extend toward .8650/.8665
------------------------------------------------------------------------
. ** EUROPEAN UPDATE ** July 31st, .8605
Will try to again Buy Ozzy upon corective reaction back to 8550,8525 max
------------------------------------------------------------------------

. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 30th,.7625 - Kiwis corrective sell-off probably finds Support about
.7600/.7570 to yield Reversal,for the resumption of Uptrend toward .8400
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* July 31st, .7685
Support /7690/7655/7640/ The Kiwi has recovered well & with Suport
** *** RESISTANCES *** ** now about about 7650,7620 max.looking for
Resistance /7725/7770/7800/ advance to extend toward the .7770 level.
------------------------------------------------------------------------
. ** EUROPEAN UPDATE ** July 31st, .7700
Until Resistance at 7725 cleared,risks correction to 7655/7640,.7620 max
------------------------------------------------------------------------


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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