Forex Daily Forecasts - Tuesday, Oct 30th
From: Max McKegg - Technical Research Limited
Date: Oct 30, 2007 11:50 AM
Subject: My LATEST FX Forecasts for OCTOBER 30th
To: TRL
My FX Forecasts for TUESDAY - OCTOBER 30th
** 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 30th, 1.4410
Support /4390/4365/4350/ Euro's Uptrend is developing well and with
** *** RESISTANCES ** ** suport now around the mid 1.4300's looking
Resistance /4425/4440/4500/ for advance toward 1.4500 - enroute 1.4570
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Euro has Support about 4365/4350 for next advance above 4440 onto 4500+
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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 30th, 2.0630
Support /0585/0550/0530/
** *** RESISTANCES ** ** now about the mid 2.0500's for next rally
Resistance /0625/0650/0700/ above Key 2.0650 Resistance toward 2.0800
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Will try to Buy at 2.0560/0545 (Stop under 2.0515) for rally onto 2.0800
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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 30th, 114.45
Support /1430/1400/1375/
** *** RESISTANCES ** ** lies within broad corective consolidation
Resistance /1460/1475/1490/ before the Downtrend is ready to resume.
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Support found at 114.30,114.00/113.75 max.to yield rally back twd 114.90
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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 30th, 1.1655
Support /1635/1620/1600/ The Dollar's correction persists and until
** *** RESISTANCES ** ** support at 1.1635/1620 is broken,probably
Resistance /1670/1690/1725/ extend to 1690,1725 max.before RVSL-1.1550
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Until support about 1.1635 is broken,the corection extends toward 1.1690
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 24th,.8985 - Ozzy's completed correction at .8750 and support is
now around the .8900 level to yield the resumption of Uptrend onto .9400
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* October 30th, .9190
Support /9175/9160/9145/ Ozzy's advancing nicely & Support is now
** *** RESISTANCES ** ** around the 9160 level for the resumption
Resistance /9215/9240/9270/ of Uptrend onto .9270 - enroute to .9400
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Will try to Buy Ozzy about 9165 (Stop under 9125) for advance twd .9270+
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 24th,.7575 - Kiwi's completed correction at 7370 and support now
found at 7500 - 7440 to yield the resumption of Uptrend toward 7850/7900
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* October 30th, .7685
Support /7670/7650/7635/ Kiwi's advancing nicely & Support is now
** *** RESISTANCES ** ** around the mid .7600's for a resumption
Resistance /7710/7740/7785/ of Uptrend onto .7785 - enroute to .7860
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Will try to Buy Kiwi around .7650 (Stop under 7615) for advance twd 7785
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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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