Forex Daily Forecasts - Wednesday, Aug 15th
From: Max McKegg - Technical Research Limited
Date: Aug 15, 2007 12:01 PM
Subject: My LATEST FX Forecasts for AUGUST 15th
To: TRL
My FX Forecasts for WEDNESDAY - AUGUST 15th
. ** 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
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 15th, 1.3535
Support /3485/3450/3420/
** *** RESISTANCES *** ** at 1.3550/1.3565 today contains extending
Resistance /3525/3550/3565/ sell-off toward my next target of 1.3450.
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.
Euro's declining nicely & still expected to sell-off to the mid 1.3400's
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. ** 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 .
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 15th, 1.9970
Support /9890/9840/9800/
** *** RESISTANCES *** ** 2.0000 today contains extending sell-off
Resistance /9925/9950/9970/ toward the 1.9840 level,enroute to 1.9700
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Having sold-off well,resistance now at 1.9925,1.9950 max.to yield 1.9840
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. ** 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
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 15th, 1.2100
Support /2105/2090/2075/ Dollar has rallied well & with support now
** *** RESISTANCES *** ** about the 1.2075 level looking for advance
Resistance /2150/2165/2200/ to extend onto mid 1.2100's enroute 1.2200
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Support now around 1.2100 as advance etends onto 1.2150/65 enroute 2200.
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. ** 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.
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 15th, 117.55
Support /1695/1655/1640/
** *** RESISTANCES *** ** resistance at 117.70,118.00 max.now caps,
Resistance /1740/1755/1770/ yields next sell-off toward mid 116.00's.
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Resistance now 117.40/117.70 for next leg of sell-off toward mid 116.00s
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. ** 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 .8100/.8050 area.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 15th, .8345
Support /8240/8215/8200/
** *** RESISTANCES *** ** is now at .8350/.8365 extending sell-off
Resistance /8300/8315/8330/ toward my next target around the 8290 lvl
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Having sold-off well resistance now .8300/8315 to extend to .8240 & 8200
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,.7265 - Kiwi's correcting as anticipated and with Resistance
now around .7330 looking for sell-off to extend toward .7000/.6950 area.
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 15th, .7265
Support /7145/7115/7100/
** *** RESISTANCES *** ** is now at .7270/.7300 extending sell-off
Resistance /7200/7220/7235/ toward my next target around the 7200 lvl
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Having sold-off well resistance now .7200/.7230 to extend toward .7100.
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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.
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