Forex Daily Forecasts - Monday, Sep 3rd
From: Max McKegg - Technical Research Limited
Date: Sep 3, 2007 12:30 PM
Subject: My LATEST FX Forecasts for SEPTEMBER 3rd
To: batman2me@gmail.com
My FX Forecasts for MONDAY - SEPTEMBER 3rd
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
August 27th,1.3670 - Having met my mid 1.3600's target,Support now found
about 1.3550 /3500 for the resumption of Uptrend toward the 1.4000 level.
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* SEPT 3rd, 1.3630
Support /3620/3600/3565/
** *** RESISTANCES *** ** risk of exhaustion to yield a corrective
Resistance /3670/3685/3720/ sell-off back toward the mid 1.3500s area
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.
Resistance at 3670/3685 to yield corrective sell-off back twd mid 3500's
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 29th,1.2010 - The Dollar's sell-off appears merely corrective and
whilst now holding 1.1965,yields rally back toward Key 1.2215 Resistance
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* SEPT.3rd, 1.2080
Support /2045/2030/1990/ Dollars recovered as expected & Suport now
** *** RESISTANCES *** ** at 1.2050/1.2030 yielding advance beyond
Resistance /2090/2110/2150/ 1.2100 Resistance to 1.2150,enroute 1.2215
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Looking to Buy 1.2050/1.2035 (Stop under 1.2000) for rally toward 1.2215
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. ** 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
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* SEPT.3rd, 2.0170
Support /0140/0110/0045/
** *** RESISTANCES *** ** of a corrective sell-off below Key 2.0110
Resistance /0200/0235/0270/ Support back toward the mid 1.9900's area
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Break of 2.0140/2.0110 heralds corrective sell-off twd 2.0150 and 1.9965
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. ** 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
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* SEPT.3rd, 115.70
Support /1585/1565/1525/
** *** RESISTANCES *** ** holding near Support around mid 115.00's,
Resistance /1625/1660/1715/ yield rally to Key 116.25/1660 Resistance
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Support at 1585/1570 now Key to further Upside.Else risks return to 1500
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. ** 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
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* SEPT.3rd, .8160
Support /8190/8160/8140/
** *** RESISTANCES *** ** Whilst now holding 8140,.8110 max.rallies
Resistance /8235/8250/8280/ beyond Key .8250 Resistance toward .8400.
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Rallying well.Whilst now holding .8190 yields test of 8235/50 Resistance
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. ** 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
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* SEPT.3rd, .7000
Support /7005/6990/6950/
** *** RESISTANCES *** ** Whilst now holding Support at 6990 yields
Resistance /7050/7070/7100/ rally above 7070/7100 Resistance twd 7275
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Staying Bullish whilst Kiwi holds .7005/6990.Else risks decline twd 6870
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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 68 omission whether negligent or
otherwise, contained in this report.
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