Forex Daily Forecasts - Monday, Aug 20th

From: Max McKegg - Technical Research Limited
Date: Aug 20, 2007 11:51 AM
Subject: My LATEST FX Forecasts for AUGUST 20th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for MONDAY - AUGUST 20th

. ** 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
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 20th, 1.3480
Support /3480/3465/3435/ Euro Support now around 1.3470,1.3435 max
** *** RESISTANCES *** ** to yield recovery back to the 1.3600 lvl
Resistance /3515/3545/3600/ & even the mid 1.3600's,before exhaustion
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. * EUROPEAN UPDATE * August 20th, 1.3495
Staying Bullish for rally beyond 1.3515/1.3545 Resistance toward 1.3600+
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. ** 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 .
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 20th, 1.9790
Support /9775/9750/9700/ Sterling Support is now at 1.9780 /1.9750,
** *** RESISTANCES *** ** to yield recovery back toward the 2.0000
Resistance /9840/9875/9935/ level,even about 2.0060,before exhaustion
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. * EUROPEAN UPDATE * August 20th, 1.9795
Having found Support,looking for rally above 1.9840/1.9875 onto 1.9935+
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 20th,114.35 - Having sold-off nicely Resistance is now around the
mid 116.00's to yield next leg of Dollars sell-off toward the 109.00 lvl
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 20th, 114.05
Support /1410/1370/1330/ Dollars Support today at 113.80/113.30 to
** *** RESISTANCES *** ** yield recovery toward 115.70 and probably
Resistance /1490/1570/1665/ even the mid 116.00's - before exhaustion
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. * EUROPEAN UPDATE * August 20th, 114.40
Having found Suport,looking for rally above 114.90 Resistance to 115.70+
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 20th,1.2085 - Dollars corrective recovery has met 1.2200 & whilst
now finding Support in the low/mid 1.1900's,recovery extends twd 1.2580 .
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 20th, 1.2075
Support /2025/2000/1950/ Dollar now has Resistance at 1.2080 /1.2100
** *** RESISTANCES *** ** 1.2135 max.to yield a deeper sell-off back
Resistance /2080/2100/2135/ toward 1.1950/1915 area before exhaustion.
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. * EUROPEAN UPDATE * August 20th, 1.2055
Risks deeper sell-off below Key 1.2025 Support toward 1.1950/1.1915 area
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.7985 - Ozzy's sold-off well & whilst now finding Resistance
around the .8200 level,yields further corrective weakness toward .7500.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 20th, .7970
Support /7920/7900/7820/ Ozzy now has Support about 7930/7900 area
** *** RESISTANCES *** ** to yield a recovery back above the .8000
Resistance /7965/8000/8100/ Resistance level onto .8060 enroute .8200
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. * EUROPEAN UPDATE * August 20th, .7935
Looking for imminent RVSL for rally back above .7965/.8000 toward .8060+
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.6965 - Kiwi's sold-off well & whilst now finding Resistance
around mid 7100's yields further corrective weakness toward the 6500 lvl
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 20th, .6860
Support /6825/6775/6725/ Kiwi Support now at .6825,.6775/.6725 max
** *** RESISTANCES *** ** & looking for recovery back toward .6985,
Resistance /6900/6930/6985/ enroute the mid .7100's over coming days.
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. * EUROPEAN UPDATE * August 20th, .6860
Looking for imminent RVSL for rally back above .6900/.6930 toward .6985+
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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.