Forex Daily Analysis - Wednesday, Oct 10th
From: Max McKegg - Technical Research Limited
Date: Oct 10, 2007 11:38 AM
Subject: My LATEST FX Forecasts for OCTOBER 10th
To: TRL
My FX Forecasts for WEDNESDAY - OCTOBER 10th
. ** 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.10th, 1.4100
Support /4075/4060/4035/
** *** RESISTANCES *** ** is probably today found around 1.4065 for
Resistance /4120/4155/4185/ the resumption of Uptrend toward 1.4280+
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Looking to Buy around 1.4065 (Stop under 1.4030) for rally toward 1.4280
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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.10th, 117.10
Support /1700/1685/1630/
** *** RESISTANCES *** ** looking for resumption of Dollars advance
Resistance /1730/1760/1820/ beyond Key 117.60 toward the 118.20 level
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Staying Bullish,Stop under 116.85,for rally onto 117.60 - enroute 118.20
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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.10th, 2.0370
Support /0340/0315/0280/
** *** RESISTANCES *** ** today found in the low 2.0300's for the
Resistance /0415/0445/0495/ resumption of GBP's Uptrend toward 2.0650
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Looking to Buy around 2.0320,Stop under 2.0280,for rally toward 2.0500+
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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.10th, 1.1840
Support /1825/1785/1730/ Having sold-off from 1.1900,Resistance now
** *** RESISTANCES *** ** about 1.1855/1.1880 for the resumption of
Resistance /1855/1870/1900/ Downtrend toward 1.1730,enroute Key 1.1620
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Looking to Sell around the 1.1870 level,Stop at 1.1901,for next Sell-off
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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.10th, .8995
Support /8975/8960/8945/
** *** RESISTANCES *** ** now found at 8980/8950 for the resumption
Resistance /9010/9035/9100/ of Uptrend toward my next target of .9130
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Staying Bullish (Stop under 8930) for next advance toward the 9130 level
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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.10th, .7645
Support /7620/7590/7565/
** *** RESISTANCES *** ** at 7630/7605 area to yield the resumption
Resistance /7660/7675/7700/ of Uptrend toward my next target of .7730
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Await rally above .7660/7675 Resistance to herald advance to 7730 target
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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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