Forex Daily Forecasts - Thursday, Oct 16th

From: Max McKegg - Technical Research Limited
Date: Oct 16, 2007 10:59 AM
Subject: My LATEST FX Forecasts for OCTOBER 16th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for TUESDAY - OCTOBER 16th

. ** 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 16th, 1.4210
Support /4190/4160/4100/ Euro prob.undergoing complex correction &
** *** RESISTANCES ** ** whilst resistance at 1.4250/4280 contains,
Resistance /4220/4250/4280/ yields sell-off back toward the 1.4100 lvl
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. *EUROPEAN UPDATE* October 16th, 1.4205
Broad corrective consolidation persists.Awaiting next Buying opportunity
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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 16th, 1.1805
Support /1780/1755/1740/ Dollars corrective consolidation prob.holds
** *** RESISTANCES ** ** support around the mid 117.00's to yield a
Resistance /1825/1850/1880/ rally beyond Key 1.1880/1895 toward 1.2000.
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. *EUROPEAN UPDATE* October 16th, 1.1810
Dollars broad corective consolidation prob.gives-way to rally twd 1.2000
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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.16th, 2.0420
Support /0390/0345/0315/ Sterling has recovered well But until Key
** *** RESISTANCES *** ** 2.0475/2.0500 resistance cleared yields a
Resistance /0440/0475/0500/ corrective reaction back to low 2.0300's.
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. *EUROPEAN UPDATE* October 16th, 2.0435
Waiting for decline toward low 2.0300's to yield next Buying opportunity
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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 16th, 117.40
Support /1715/1685/1670/ Until resistance at 117.65/117.95 cleared
** *** RESISTANCES *** ** Dollars corection probably extends toward
Resistance /1750/1765/1795/ 116.85/1670 before Uptrend resumes-119.00
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. *EUROPEAN UPDATE* October 16th, 117.35
Looking for sell-off toward 116.85/116.70 before next Buying opportunity
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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* October 16th, .9005
Support /8960/8915/8890/ Ozzys sold-off to .9000 corrective target
** *** RESISTANCES *** ** but Resistance around .9035 prob.contains
Resistance /9010/9035/9075/ to extend corrective sell-off toward 8900
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. *EUROPEAN UPDATE* October 16th, .8985
Doubt strength beyond .9000 sustained,giving-way to sell-off toward 8900
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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 16th, .7630
Support /7595/7540/7500/ Kiwis sell-off exceeded target.Resistance
** *** RESISTANCES *** ** at .7660/7675 prob.now contains to extend
Resistance /7645/7660/7675/ corrective sell-off toward the 7500 level
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. *EUROPEAN UPDATE* October 16th, .7620
Resistance at .7660/7675 to yield another sell-off toward the 7500 level
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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.