Forex Daily Forecasts - Friday, Oct 26th

From: Max McKegg - Technical Research Limited
Date: Oct 26, 2007 11:25 AM
Subject: My LATEST FX Forecasts for OCTOBER 26th
To: TRL

To View Forecasts in PDF Form, Click on Attachment



My FX Forecasts for FRIDAY - OCTOBER 26th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
OCT.24th,1.4265 - Euro may have completed correction already and Support
now found at 1.4215 /1.4180 to yield resumption of Uptrend toward 1.4700.
------------------------------

------------------------------------------
** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* October 26th, 1.4325
Support /4315/4300/4285/ Euro has rallied nicely to the mid 4300's
** *** RESISTANCES ** ** and support now about the 1.4315/4300 area
Resistance /4350/4385/4400/ to extend Uptrend toward the late 1.4300's
------------------------------------------------------------------------
. *EUROPEAN UPDATE* October 26th, 1.4330
Staying Bullish (Stop under 1.4290) for rally to next target around 4380
------------------------------------------------------------------------

. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
OCT.24th,1.1730 - Dollar's Downtrend developing well and with resistance
now around 1.1900 looking for sell-off toward 1.1400,enroute Key 1.1285 .
------------------------------------------------------------------------
** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* October 26th, 1.1660
Support /1635/1615/1600/ The Dollar has sold-off well & Resistance
** *** RESISTANCES ** ** is now at 1.1670/1.1690 to extend sell-off
Resistance /1675/1690/1705/ toward next Suport around the 1.1600 level
------------------------------------------------------------------------
. *EUROPEAN UPDATE* October 26th, 1.1655
Resistance about 1.1670/75 for next leg of decline toward the 1.1600 lvl
------------------------------------------------------------------------

. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
OCT.24th,2.0505 - Sterling may have completed correction already.Support
probably now found at 2.0450/2.0370 for resumption of Uptrend twd 2.1100
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* October 26th, 2.0510
Support /0500/0475/0450/ Sterling has rallied nicely & looking for
** *** RESISTANCES ** ** Uptrend to extend toward next Resistance
Resistance /0530/0555/0580/ around the 2.0580 level - enroute 2.0650+
------------------------------------------------------------------------
. *EUROPEAN UPDATE* October 26th, 2.0520
Still looking for Sterling to extend its advance toward the 2.0580 level
------------------------------------------------------------------------

. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
OCT.23rd,114.50 - The Dollars recovery is probably merely corrective and
resistance now at 115.00/115.75 to yield sell-off back toward Key 111.60
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* October 26th, 114.15
Support /1395/1375/1325/ Dollar sold-off well yesterday But until
** *** RESISTANCES ** ** suport about 113.75 is broken looking for
Resistance /1440/1465/1500/ some more consolidation & return to 1460.
------------------------------------------------------------------------
. *EUROPEAN UPDATE* October 26th, 114.20
Whilst now holding 114.00/113.75 recovery extend toward the 114.60 level
------------------------------------------------------------------------

. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 24th,.8985 - Ozzy has probably completed correction at .8750 and
support now around the 8900 level to yield resumption of Uptrend to 9400
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* October 26th, .9080
Support /9090/9075/9045/ The Ozzys again rallied nicely & support
** *** RESISTANCES ** ** is now at the .9070/.9045 area extending
Resistance /9120/9150/9165/ Uptrend to .9115 enroute the mid .9100's
------------------------------------------------------------------------
. *EUROPEAN UPDATE* October 26th, .9105
Rallying well.Support now about 9090/9075 as rally extends to mid 9100's
------------------------------------------------------------------------

. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 24th,.7575 - Kiwi's probably completed correction at .7370 & now
finds Support at 7500-7440,to yield a resumption of Uptrend toward .8000
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* October 26th, .7610
Support /7625/7610/7585/ Kiwi's rallying well & support is now at
** *** RESISTANCES ** ** 7600/.7585,looking for Uptrend to extend
Resistance /7670/7685/7720/ toward the next Resistance at .7670/7685
------------------------------------------------------------------------
. *EUROPEAN UPDATE* October 26th, .7640
Rallying well.Support now about 7625/7610 as rally extends to .7670/7685
------------------------------------------------------------------------

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.