Forex Daily Forecasts - Friday, Aug 24th
From: Max McKegg - Technical Research Limited
Date: Aug 24, 2007 12:08 PM
Subject: My LATEST FX Forecasts for AUGUST 24th
To: TRL
My FX Forecasts for FRIDAY - AUGUST 24th
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,1.3475 - Euro's correcting as anticipated and Resistance now
around the mid 1.3600's to yield a sell-off back toward the 1.2900 level
------------------------------
*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 24th, 1.3565
Support /3535/3500/3450/
** *** RESISTANCES *** ** becoming tired and cautions Reversal for
Resistance /3590/3635/3660/ sell-off back toward the Key 1.3450 level
------------------------------
.
Whilst 1.3590 contains yields imminent RVSL/decline twd 1.3500,then 3450
------------------------------
. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 20th,114.35 - Having sold-off nicely Resistance next found around
the mid 116.00's to yield next leg of Dollars sell-off toward 109.00 lvl
------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 24th, 116.20
Support /1570/1515/1485/
** *** RESISTANCES *** ** now ready Reversal & sell-off back toward
Resistance /1630/1650/1680/ the low 115.00's,enroute the 114.00 level
------------------------------
.
Looking for sell-off below Key 115.70 - toward 115.15/114.85,then 114.00
------------------------------
. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,1.9815 - Sterling's correcting as anticipated and Resistance
now lies around the 2.0100 level to yield a sell-off back toward 1.8850 .
------------------------------
*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 24th, 2.0050
Support /9980/9930/9870/
** *** RESISTANCES *** ** mature and cautions Reversal for sell-off
Resistance /0060/0095/0130/ back to 1.9980-1.9930 Support,then 1.9870
------------------------------
.
Whilst 2.0060/0095 now contains looking for sell-off back to 1.9980-9930
------------------------------
. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 21st,1.2055 - Dollar has met 1.2200 & resistance at 1.2150/1.2200
probably now contains to yield sell-off back to Key 1.1820 - then 1.1570
------------------------------
*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 24th, 1.2075
Support /2045/2015/2000/ Having found Resistance around 2100 target
** *** RESISTANCES *** ** whilst this now contains look for sell-off
Resistance /2075/2090/2110/ back toward Key 1.2000 level - then 1.1820
------------------------------
.
Whilst 1.2085,2100 max.contains,still looking for sell-off to Key 1.2000
------------------------------
. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.7985 - Ozzy's sold-off well and recovery probably now finds
Resistance around the .8200 level,to yield another sell-off toward .7500
------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 24th, .8200
Support /8190/8160/8135/
** *** RESISTANCES *** ** Reversal today,for a sell-off back to the
Resistance /8225/8250/8285/ 8135 Suport level enroute the mid .8000's
------------------------------
.
Still looking for sell-off back toward 8135 Support,the
n the mid .8000's
------------------------------
. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.6965 - Kiwi's sold-off well and recovery probably now finds
Resistance around the mid .7100's,to yield another sell-off toward .6500
------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 24th, .7140
Support /7100/7075/7030/
** *** RESISTANCES *** ** Reversal today,for a sell-off back toward
Resistance /7125/7180/7200/ the .7075 Support level enroute 7000/6970
------------------------------
.
Still looking for sell-off back toward 7075 Support,then the .7000 level
------------------------------
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.
No comments:
Post a Comment