Forex Daily Analysis - Thursday, Oct 18th

From: Max McKegg - Technical Research Limited
Date: Oct 18, 2007 11:16 AM
Subject: My LATEST FX Forecasts for OCTOBER 18th
To: TRL

To View Forecasts in PDF Form, Click on Attachment



My FX Forecasts for THURSDAY - OCTOBER 18th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
October 9th,1.4050 - Euro has rallied nicely & support is now around the
1.4000 level for a resumption of Uptrend toward my next Target of 1.4570
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** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* October 18th, 1.4205
Support /4215/4200/4185/ The Euro's corective consolidation persists
** *** RESISTANCES ** ** Whilst now holding Suport at 1.4185,looking
Resistance /4245/4280/4315/ for the resumption of Uptrend toward 1.4340
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. *EUROPEAN UPDATE* October 18th, 1.4230
Suport now at 1.4215/1.4200 to extend advance onto 1.4280,enroute 1.4340
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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 next advance beyond Key 2.0650 toward 2.1000+
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* October.18th, 2.0390
Support /0385/0370/0345/ Sterlings recovered well & Support now at
** *** RESISTANCES *** ** 2.0390/2.0375 for a resumption of Uptrend
Resistance /0435/0475/0495/ to 2.0500,enroute 2.0650 over coming days
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. *EUROPEAN UPDATE* October 18th, 2.0405
Looking for Sterling to rally beyond 2.0435 Resistance - toward 2.0500+
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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* October 18th, 116.70
Support /1635/1620/1600/ Dollars probably completed correction and
** *** RESISTANCES *** ** finds support around the mid 116.00's for
Resistance /1660/1680/1720/ the resumption of Uptrend toward 118.00+.
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. *EUROPEAN UPDATE* October 18th, 116.45
Whilst now holding 116.20,looking for rally to Key 117.20,enroute 118.00
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
October 12th,1.1810 - Dollar has sold-off well and resistance next found
around the 1.2000 level to yield a resumption of Downtrend toward 1.1550
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** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* October 18th, 1.1800
Support /1765/1725/1690/ The Dollars complex consolidation persists.
** *** RESISTANCES ** ** No clear indication of next S/T trend move,
Resistance /1800/1820/1845/ so waiting for the next trading opportunity
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. *EUROPEAN UPDATE* October 18th, 1.1775
Whilst 1.1800/1820 now contains yields sell-off toward 1.1725,then 1690.
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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 toward .9130,enroute .9500 over coming months
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* October 18th, .8905
Support /8915/8900/8880/ Ozzy recovering as expected & support now
** *** RESISTANCES *** ** found about the 8890 level for resumption
Resistance /8925/8950/8975/ of Uptrend toward .9000,enroute to .9075+
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. *EUROPEAN UPDATE* October 18th, .8930
Support now about .8915/8900 to extend advance toward .9000,enroute 9075
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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 onto .7730,enroute .8100 over coming months.
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* October 18th, .7515
Support /7500/7480/7445/ Kiwi recovering as expected & support now
** *** RESISTANCES *** ** found at .7500/7475 for the resumption of
Resistance /7540/7555/7590/ Uptrend twd the mid .7600's,enroute .7785
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. *EUROPEAN UPDATE* October 18th, .7520
Still looking for advance beyond .7555 onto .7590,enroute the mid 7600's
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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.