Forex Daily Forecasts - Tuesday, Oct 9th
From: Max McKegg - Technical Research Limited
Date: Oct 9, 2007 11:58 AM
Subject: My LATEST FX Forecasts for OCTOBER 9th
To: TRL
My FX Forecasts for TUESDAY - OCTOBER 9th
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
October 9th,1.4050 - Euro has rallied nicely & support now around 1.3900
for the resumption of Uptrend toward the 1.4570 level,enroute to 1.5000+
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* OCT.9th, 1.4050
Support /3975/3930/3900/
** *** RESISTANCES *** ** now extends to the late 3900's,1.3900 max
Resistance /4035/4060/4100/ before Reversal,for rally back twd 1.4280
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.
Resistance now at 1.4035/4060 to extend correction twd 1.3975,1.3900 max
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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 Key 116.40 toward the 120.00 lvl
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* OCT.9th, 117.35
Support /1690/1665/1630/
** *** RESISTANCES *** ** probably found about 116.90 for the next
Resistance /1730/1760/1800/ leg of Dollar's advance toward 118.00 lvl
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Buying Dollar about 116.90,Stop under 116.30,for next rally toward 118.0
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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.9th, 1.1860
Support /1865/1850/1825/ The Dollars corrective recovery persists &
** *** RESISTANCES *** ** next Resistance found at 1.1920,1.2000 max
Resistance /1920/1950/2000/ with RVSL then heralding return to 1.1740.
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Support now at 1.1865/1.1850 to yield attempt at 1.1920 Resistance level
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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.9th, 2.0370
Support /0300/0280/0230/
** *** RESISTANCES *** ** and risks another sell-off toward Support
Resistance /0360/0375/0405/ at 2.0300/2.0280 & then the 2.0230 level.
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Resistance now about 2.0360,2.0375 max.to extend to 2.0300/0280 & 2.0230
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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.9th, .8925
Support /8890/8865/8850/
** *** RESISTANCES *** ** probably now finds Support around the mid
Resistance /8950/8965/9000/ 8800's for RVSL & rally back toward .9035
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Resistance now at 8950/8965 for exhaustive sell-off to around mid 8800's
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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.9th, .7615
Support /7605/7580/7565/
** *** RESISTANCES *** ** 7630/7645 probably now contains to extend
Resistance /7630/7645/7670/ correction toward .7575 before exhaustion
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Resistance is now about 7630,.7645 max.to extend correction toward .7575
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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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