Forex Daily Forecasts - Thursday, Aug 30th
From: Max McKegg - Technical Research Limited
Date: Aug 30, 2007 12:16 PM
Subject: My LATEST FX Forecasts for AUGUST 30th
To: TRL
My FX Forecasts for THURSDAY - AUGUST 30th
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
August 27th,1.3670 - Having met my mid 1.3600's target,Support now found
about the mid 1.3500's for resumption of Uptrend toward the 1.4000 level
------------------------------
*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 30th, 1.3675
Support /3635/3620/3600/
** *** RESISTANCES *** ** probably found about 1.3635/3620 for next
Resistance /3670/3685/3750/ leg of advance toward 1.3750,enroute 3850
------------------------------
.
Buying Euro at 1.3635/1.3620 (Stop under 1.3600) for advance onto 1.3750
------------------------------
. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
August 27th,2.0135 - Having met 2.0100 target level,Support is now about
the mid 1.9900s for resumption of Uptrend to the 2.0650 Resistance level
------------------------------
*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 30th, 2.0175
Support /0100/0070/0045/
** *** RESISTANCES *** ** probably found around 2.0100, 2.0050 max.
Resistance /0165/0180/0250/ for the next leg of advance toward 2.0300
------------------------------
.
Support around 2.0100 for rally above Key 2.0165/2.0180 - toward 2.0300.
------------------------------
. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
August 27th,116.35 - Having met my mid 116.00s target,whilst now finding
Support about 113.70 recovery extends toward the 119.50 Resistance level
------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 30th, 116.20
Support /1535/1515/1480/
** *** RESISTANCES *** ** probably found in low 115.00's,114.80 max
Resistance /1580/1600/1625/ for next of advance twd 117.15 Resistance
------------------------------
.
Suport at 115.20/35,1480 max.for next advance above 116.00/25 twd 117.15
------------------------------
. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 29th,1.2010 - Dollars sell-off from 1.2215 appears corrective and
whilst now holding 1.1965,yields rally back toward Key 1.2215 Resistance
------------------------------
*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 30th, 1.1995
Support /1985/1965/1920/ Whilst holding Support at 1985/1965 yields
** *** RESISTANCES *** ** rally abv.Key 2020/40 Resistance to target
Resistance /2025/2040/2100/ 1.2100+.Else decline extends toward 1.1900
------------------------------
.
Rally above 2.0025/40 Resistance argues for recovery back toward 1.2100.
------------------------------
. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 28th,.8265 - The Ozzy's recovery persists and after a correction,
will probably extend to the .8660/8720 Resistance area over coming weeks
------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 30th, .8190
Support /8140/8125/8100/
** *** RESISTANCES *** ** around the mid .8100's,yielding next leg
Resistance /8185/8205/8235/ of Aussie's advance toward the 8335 level
------------------------------
.
Buying Ozzy about .8140 (with Stop under .8100) for advance toward .8335
------------------------------
. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 27th,.7225 - The Kiwi's recovery persists and after a correction,
will probably extend onto the .7500/50 Resistance area over coming weeks
------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 30th, .7055
Support /6985/6970/6950/
** *** RESISTANCES *** ** today found at .6990/.6960,yielding next
Resistance /7050/7065/7110/ leg of advance toward .7200,enroute .7275
------------------------------
.
Buying Kiwi about .6990 (with Stop under .6940) for advance toward .7200
------------------------------
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