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Economic Calendar | National Holidays Calendar | Interest Rates Calendar

FX Forecasts for THURSDAY - AUGUST 9th

From: Max McKegg - Technical Research Limited
Date: Aug 9, 2007 12:14 PM
Subject: My LATEST FX Forecasts for AUGUST 9th
To: TRL

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My FX Forecasts for THURSDAY - AUGUST 9th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,1.3675 - Euro's undergoing complex corection & whilst holding
Support about the mid 1.3600's yields rally back toward the 1.3850 level
------------------------------

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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 9th, 1.3800
Support /3790/3760/3725/ Euro has recovered nicely and Support now
** *** RESISTANCES *** ** at 1.3790/1.3760 to yield next rally onto
Resistance /3825/3850/3900/ the 1.3850 lvl,then extending twd 1.3900.
------------------------------------------------------------------------
. * EUROPEAN UPDATE * August 9th, 1.3805
Will try to Buy around 1.3785,Stop under 1.3750,for rally toward 1.3850+
------------------------------------------------------------------------

. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 7th,118.80 - Whilst now holding 118.00/117.20 Support,looking for
corrective recovery back toward 121.00/121.50 Resistance,before Reversal
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 9th, 119.70
Support /1950/1935/1915/ The Dollar has rallied nicely and support
** *** RESISTANCES *** ** is now around the mid 119.00's to extend
Resistance /1985/2030/2075/ advance onto 120.30 enroute to Key 121.00
------------------------------------------------------------------------
. * EUROPEAN UPDATE * August 9th, 119.65
Whilst holding 119.50/119.35 advance extends beyond 119.85 onto 120.30+
------------------------------------------------------------------------

. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 9th,2.0370 -- Whilst now holding Support around the mid 2.0200's,
looking for rally back toward 2.0650 Resistance,enroute the 2.1000 level
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 9th, 2.0370
Support /0340/0300/0280/ Sterlings recovery is impressive and with
** *** RESISTANCES *** ** suport now about the mid 2.0300's looking
Resistance /0400/0445/0460/ for advance to extend toward 2.0460 level
------------------------------------------------------------------------
. * EUROPEAN UPDATE * August 9th, 2.0370
Support now at 2.0350/2.0335 for next rally above 2.0400 - toward 2.0460
------------------------------------------------------------------------

. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 7th,1.1910 - Having sold-off well,whilst now holding 118.60/1815,
yields corrective recovery back toward Resistance about the mid 1.2100's
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 9th, 1.1965
Support /1935/1915/1880/ Having met 1.1980 target,Support now about
** *** RESISTANCES *** ** the 1.1935 level to extend recovery beyond
Resistance /1970/1995/2030/ 1.1970/1995 Resistance toward 1.2085/2100.
------------------------------------------------------------------------
. * EUROPEAN UPDATE * August 9th, 1.1960
Await next leg of recovery beyond 1.1970/1.1995 to 1.2030,enroute 1.2085
------------------------------------------------------------------------

. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 6th,.8540 - Ozzy's undergoing a complex correction and whilst now
finding Support around the .8500 level,yields recovery back toward .8750
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 9th, .8625
Support /8640/8615/8600/ Ozzys rallied nicely & support now around
** *** RESISTANCES *** ** the .8600 level,as Aussie extends advance
Resistance /8670/8700/8715/ onto the .8670 level - enroute to .8700+
------------------------------------------------------------------------
. * EUROPEAN UPDATE * August 9th, .8655
Support now about .8640 as Ozzy extends advance onto .8670,enroute 8700+
------------------------------------------------------------------------

. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 6th,.7590 - The Kiwi's undergoing a complex correction and whilst
now finding Support about .7550/.7535,yields recovery back toward .7800+
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 9th, .7675
Support /7665/7640/7615/ The Kiwis recovering as expected and with
** *** RESISTANCES *** ** Support now around the mid 7600's looking
Resistance /7705/7730/7750/ for advance toward .7730,enroute to .7800
------------------------------------------------------------------------
. * EUROPEAN UPDATE * August 9th, .7685
Support now about .7665,.7640 max.to extend Kiwi's advance toward .7730.
------------------------------------------------------------------------

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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