Forex Daily Forecasts - Monday, Oct 29nd

From: Max McKegg - Technical Research Limited
Date: Oct 29, 2007 10:47 AM
Subject: My LATEST FX Forecasts for OCTOBER 29th
To: TRL

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My FX Forecasts for MONDAY - OCTOBER 29th

. ** 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 29th, 1.4420
Support /4390/4370/4345/ Euro has again rallied nicely & Support is
** *** RESISTANCES ** ** now about 1.4390,mid 4300's max.extending
Resistance /4445/4480/4500/ Uptrend to the 1.4500 level,enroute 1.4570
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. *EUROPEAN UPDATE* October 29th, 1.4410
Whilst holding 4390 Upside imminent.Otherwise tests mid 4300's before UP
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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 29th, 2.0545
Support /0520/0485/0430/ Sterlings rallied nicely & whilst holding
** *** RESISTANCES ** ** support in low 2.0500's Uptrend extends
Resistance /0575/0600/0650/ to 2.0650.Otherwise 2.0430/0400 before UP
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. *EUROPEAN UPDATE* October 29th, 2.0545
Whilst now holding the low 2.0500's rallies beyond 2.0575 toward 2.0650.
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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 29th, 1.1625
Support /1600/1585/1550/ Dollars again sold-off well and Resistance
** *** RESISTANCES ** ** now around mid 1.1600's,1690 max.to yield
Resistance /1650/1665/1690/ resumption of Downtrend twd the mid 1500's
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. *EUROPEAN UPDATE* October 29th, 1.1625
Resistance at 1.1650/65,1.1690 max.to extend Downtrend toward mid 1500's
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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 29th, 114.15
Support /1400/1375/1325/ Dollar recovered well to 114.60 corective
** *** RESISTANCES ** ** target on Friday & until 114.00/113.75 is
Resistance /1440/1465/1500/ broken,opportunity for recovery to 115.00
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. *EUROPEAN UPDATE* October 29th, 114.15
Whilst holding 114.00,113.75 max.opportunity for 114.60 - enroute 115.00
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 24th,.8985 - Ozzy's completed correction at 8750 and support now
around .8900 to yield resumption of Uptrend onto .9400,enroute 9550/9600
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* October 29th, .9190
Support /9210/9185/9160/ The Ozzys again rallied nicely & support
** *** RESISTANCES ** ** now about the .9185/.9160 area extending
Resistance /9250/9265/9300/ Uptrend onto the mid 9200's,enroute 9400
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. *EUROPEAN UPDATE* October 29th, .9225
Support now around the 9200 level as Uptrend onto .9250/65,enroute .9400
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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 resumption of Uptrend toward the .8000 level
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* October 29th, .7670
Support /7680/7650/7635/ The Kiwis again rallied nicely & support
** *** RESISTANCES ** ** now about the .7650/.7635 area extending
Resistance /7720/7735/7785/ Uptrend twd the .7785 level,enroute 7840
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. *EUROPEAN UPDATE* October 29th, .7690
Support about 7680,.7650/7635 max (Stop under 7620) 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.