Forex Daily Forecasts - Thursday, Aug 16th
From: Max McKegg - Technical Research Limited
Date: Aug 16, 2007 1:07 PM
Subject: My LATEST FX Forecasts for AUGUST 16th
To: TRL
My FX Forecasts for THURSDAY - AUGUST 16th
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,1.3535 - Euro is correcting as anticipated & with Resistance
now around 1.3600 looking for sell-off to extend toward the 1.3000 level
------------------------------
*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 16th, 1.3420
Support /3400/3385/3360/
** *** RESISTANCES *** ** now found in late 1.3400's,low 3500's max
Resistance /3460/3490/3510/ for the next leg of decline toward 1.3330
------------------------------
.
Looking to next Sell Euro about 3480,1.3510 max.for sell-off toward 3330
------------------------------
. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,1.9970 - Sterling's correcting as anticipated and Resistance
about 2.0000, 2.0100 max. now contains to extend sell-off toward 1.9250 .
------------------------------
*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 16th, 1.9840
Support /9840/9810/9750/
** *** RESISTANCES *** ** now around the mid 1.9900's for next leg
Resistance /9890/9940/9955/ of Sterlings sell-off toward 1.9700 level
------------------------------
.
Looking to next Sell Sterling at 1.9940/1.9955,for decline toward 1.9700
------------------------------
. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 15th,1.2100 - Dollars recovering as expected and with Support now
around mid 1.2000's looking for corrective recovery to extend twd 1.2500
------------------------------
*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 16th, 1.2190
Support /2150/2120/2100/ Dollars rallied nicely to my 1.2200 target
** *** RESISTANCES *** ** & suport now found at 1.2150/2120,2100 max
Resistance /2200/2215/2260/ for next leg of advance toward 1.2300 lvl.
------------------------------
.
Looking to next Buy Dollar at 1.2150 - 1.2120,for advance toward 1.2300.
------------------------------
. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 10th,118.25 - The Dollars recovery completed already & resistance
now around the 119.00 level for next sell-off toward Key 114.50 support.
------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 16th, 116.35
Support /1585/1570/1525/
** *** RESISTANCES *** ** resistance now at 116.60/116.90 extending
Resistance /1630/1675/1690/ sell-off toward 115.75,enroute to 115.25.
------------------------------
.
Dollars met 115.75.Resistance now about 115.75 for decline toward 115.25
------------------------------
. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,.8345 - Ozzy's correcting as anticipated and with Resistance
now around .8400 looking for sell-off to extend toward the .7900 level.
------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 16th, .8190
Support /8040/8000/7950/
** *** RESISTANCES *** ** is now at .8200/.8220 extending sell-off
Resistance /8085/8115/8160/ toward my next target about the .8115 lvl
------------------------------
.
Ozzy sold-off well today.Looking to next Sell Ozzy around the mid 8100's
------------------------------
. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,.7265 - Kiwi's correcting as anticipated and with Resistance
now about .7330 looking for sell-off to extend to .7000,enroute to .6750
------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 16th, .7085
Support /6885/6870/6820/
** *** RESISTANCES *** ** now around .7100 level contains to extend
Resistance /6950/7015/7030/ Kiwi's sell-off to my next target of 7000
------------------------------
.
Kiwi has sold-off well today.Looking to next Kiwi at the .7000/7030 area
------------------------------
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