Forex Daily Analysis - Thursday, Oct 11st

From: Max McKegg - Technical Research Limited
Date: Oct 11, 2007 11:32 AM
Subject: My LATEST FX Forecasts for OCTOBER 11th
To: TRL

To View Forecasts in PDF Form, Click on Attachment



My FX Forecasts for THURSDAY - OCTOBER 11th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
October 9th,1.4050 - Euro has rallied nicely & support is now around the
1.4000 level for resumption of Uptrend toward 1.4570,enroute to 1.5000+
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* OCT.11th, 1.4145
Support /4140/4125/4100/ Euro's recovered well & Support now about
** *** RESISTANCES *** ** 1.4125, 1.4075 max. for the resumption of
Resistance /4175/4210/4250/ Uptrend twd 1.4280 enroute the mid 4300's
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. *EUROPEAN UPDATE* October 11th, 1.4155
Whilst now holding 1.4140/4125 rallies back twd 4280.Else 4100 before Up
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
September 24th,2.0210 - Sterlings Uptrend remains in force & support now
found at 2.0150/2.0075 for the next advance onto 2.0650,enroute 2.1000+
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* OCT.11th, 2.0420
Support /0385/0370/0340/ Sterling's recovered well and Support now
** *** RESISTANCES *** ** found at 2.0370,2.0340 max.for resumption
Resistance /0445/0475/0495/ of Uptrend toward 2.0650 over coming days
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. *EUROPEAN UPDATE* October 11th, 2.0400
Having tested Suport looking for rally back toward 2.0495,enroute 2.0650
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
September 27th,115.45 - Dollar's consolidation persists & whilst holding
Support at 114.00 yields advance beyond 116.40 Resistance toward 120.00+
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* OCT.11th, 117.15
Support /1700/1685/1630/ Having met my corrective target at 116.90
** *** RESISTANCES *** ** looking for resumption of Dollars advance
Resistance /1730/1760/1820/ beyond Key 117.60 toward the 118.20 level
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. *EUROPEAN UPDATE* October 11th, 117.20
Whilst now holding 117.00/116.85 looking for advance back toward 117.60+
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
October 9th,1.1860 - Having sold-off well,resistance around 1.2000 prob.
now contains for resumption of Downtrend toward 1.1300 over coming weeks
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* OCT.11th, 1.1830
Support /1810/1785/1725/ Dollar has sold-off well and Resistance at
** *** RESISTANCES *** ** 1.1870/1895 now contains to yield sell-off
Resistance /1845/1870/1895/ below Key 1.1800/1785 toward 1.1700 & 1620
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. *EUROPEAN UPDATE* October 11th, 1.1830
Looking for Sell-off below Key 1.1800/1.1785 Support to the 1.1700 level
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
September 24th,.8675 - Ozzys Uptrend developing well & Support now about
the 8600 level for advance onto .9130,enroute to 9500 over coming months
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* OCT.11th, .8970
Support /8970/8960/8945/ Ozzys corrective consolidation persists &
** *** RESISTANCES *** ** looking for resumption of Uptrend beyond
Resistance /9010/9035/9100/ Key .9010/.9035 Resistance - toward .9130
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. *EUROPEAN UPDATE* October 11th, .8990
Still looking for rally above Key .9010/.9035 Resistance - toward .9135.
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
September 24th,.7435 - Kiwis Uptrend developing well & Support now about
the mid 7300's for advance toward .7730,enroute .8100 over coming months
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* OCT.11th, .7615
Support /7620/7600/7590/ Kiwis corrective consolidation persists &
** *** RESISTANCES *** ** looking for resumption of Uptrend beyond
Resistance /7660/7675/7700/ Key .7660/7675 Resistance - toward .7730
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. *EUROPEAN UPDATE* October 11th, .7635
Still looking for rally above Key .7660/.7675 Resistance - toward .7730.
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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.