Forex Daily Forecasts - Thursday, Oct 25th

From: Max McKegg - Technical Research Limited
Date: Oct 25, 2007 11:35 AM
Subject: My LATEST FX Forecasts for OCTOBER 25th
To: TRL

To View Forecasts in PDF Form, Click on Attachment


My FX Forecasts for THURSDAY - OCTOBER 25th

. ** 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.
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** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* October 25th, 1.4260
Support /4250/4230/4190/ Euro's recovered nicely from 1.4215-1.4180
** *** RESISTANCES ** ** & support now about 1.4250/1.4235 for the
Resistance /4280/4320/4350/ next leg of advance toward the mid 1.4300s
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. *EUROPEAN UPDATE* October 25th, 1.4265
Looking for rally above 1.4280 Resistance onto 1.4320,enroute mid 4300's
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. ** 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
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* October 25th, 2.0495
Support /0450/0425/0390/ Sterling's recovered well and support now
** *** RESISTANCES ** ** found at 2.0475/2.0450 for the resumption
Resistance /0500/0515/0550/ of Uptrend onto 2.0550,enroute to 2.0650+
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. *EUROPEAN UPDATE* October 25th, 2.0475
Looking for rally above 2.0515 Resistance onto 2.0550,enroute Key 2.0650
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. ** 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
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* October 25th, 114.20
Support /1385/1325/1270/ Having sold-off from 115.00 resistance is
** *** RESISTANCES ** ** now around 114.65 level to yield sell-off
Resistance /1420/1435/1465/ below 113.85 toward 113.25 & then 112.70.
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. *EUROPEAN UPDATE* October 25th, 114.00
Whilst 114.20 contains,Downside imminent.Otherwise around 114.65 B4 Down
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. ** 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 .
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** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* October 25th, 1.1725
Support /1700/1670/1650/ Resistance now about 1.1735,1.1775 max.and
** *** RESISTANCES ** ** whilst this contains looking for sell-off
Resistance /1735/1750/1775/ toward the mid 1.1600's - then Key 1.1600.
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. *EUROPEAN UPDATE* October 25th, 1.1715
Still looking for sell-off to extend toward mid 1.1600's,enroute 1.1600.
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 24th,.8985 - Ozzy has probably completed correction at .8750 and
support around 8900,.8860 max.to yield resumption of Uptrend toward 9400
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* October 25th, .9030
Support /9000/8985/8935/ Ozzy's recovered nicely & support is now
** *** RESISTANCES ** ** around the .9000 lvl to yield next rally
Resistance /9045/9075/9130/ beyond .9075 onto .9130,enroute to .9200
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. *EUROPEAN UPDATE* October 25th, .9020
Buying Ozzy (Stop under .8985) for next rally onto .9075 and then .9130.
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. ** 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
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* October 25th, .7550
Support /7520/7500/7470/ Kiwi has recovered nicely from 7500-7440
** *** RESISTANCES ** ** & support now found about .7530/7515 for
Resistance /7550/7565/7595/ next advance onto 7630,enroute Key .7785
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. *EUROPEAN UPDATE* October 25th, .7530
Buying Kiwi (Stop under .7500) for next rally above Key 7565 toward 7630
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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.