27/10/2005
My FX Forecasts for THURSDAY – OCTOBER 27th
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
October 10th,1.2115 - Euro's preparing for break below KEY 1.1870 Suport
to herald next strong sell-off toward the 1.1200 level over coming weeks
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* OCT.27th, 1.2060
Support /2050/2020/2000/ Euro corecting well & look for exhaustion
** *** RESISTANCES *** ** around the 1.2020 level,1.2000 max.today,
Resistance /2080/2100/2135/ yielding rally onto 1.2135,enroute 1.2200
------------------------------------------------------------------------
. ** ASIAN TRADING UPDATE ** October 27th, 1.2060
Will try and Buy Euro about 1.2020,Stop under 1.1990,for rally twd 2135+
------------------------------------------------------------------------
. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
OCT.10th,1.2795 - Dollar preparing for break above KEY 1.3080 resistance
to herald next strong advance toward the 1.3900 level over coming weeks.
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* OCT.27th, 1.2835
Support /2815/2790/2750/ Dollar's corrective sell-off is complex &
** *** RESISTANCES *** ** resistance about 1.2885/2900 probably now
Resistance /2860/2885/2900/ contains,for next sell-off toward 1.2700.
------------------------------------------------------------------------
. ** ASIAN TRADING UPDATE ** October 27th, 1.2835
Will try to Sell at 1.2885/1.2900,Stop abv.1.2920,for decline twd 1.2700
------------------------------------------------------------------------
. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
OCT.10th,113.75 - Dollar's Uptrend remains in force and with support now
about the 113.00 level,looking for rally toward 122.00 over coming weeks
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* OCT.27th, 115.85
Support /1570/1550/1515/ Dollar easily met 115.60/115.75 & support
** *** RESISTANCES *** ** now at 115.70, 115.50 max. for resumption
Resistance /1600/1650/1680/ of Uptrend onto 116.50,enroute to 117.00+
------------------------------------------------------------------------
. ** ASIAN TRADING UPDATE ** October 27th, 115.85
Until 116.00 Resistance is cleared,Buying about 115.70,Stop under 115.40
------------------------------------------------------------------------
. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
OCT.10th,1.7600 - Sterlings preparing for break below KEY 1.7390 Support
to herald next strong sell-off toward the 1.6250 level over coming weeks
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* OCT.27th, 1.7755
Support /7715/7685/7650/ Sterlings correction deeper than expected
** *** RESISTANCES *** ** But looking for exhaustion about 1.7685,
Resistance /7790/7820/7865/ yielding rally back twd 7865,enroute 7930
------------------------------------------------------------------------
. ** ASIAN TRADING UPDATE ** October 27th, 1.7755
Doubt this decline will be sustained & awaiting next Buying Opportunity.
------------------------------------------------------------------------
. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 10th,.7560 - Ozzys complex correction persists and resistance at
the mid .7600's probably contains,for exhaustive sell-off toward .7250.
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* OCT.27th, .7535
Support /7520/7505/7490/ Ozzy probably finds support in low 7500's
** *** RESISTANCES *** ** today to yield a resumption of corrective
Resistance /7550/7575/7600/ recovery toward the 7600 Resistance level
------------------------------------------------------------------------
. ** ASIAN TRADING UPDATE ** October 27th, .7535
Ozzy finds support at 7520/7505 (Stop under 7490) for rally toward .7600
------------------------------------------------------------------------
. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
OCT.10th,.6950 - The Kiwi's complex corection persists and resistance is
probably found at .7050 - .7100,yielding exhaustive sell-off toward 6550
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* OCT.27th, .7005
Support /6985/6950/6930/ Kiwi's probably Reversed.Support found at
** *** RESISTANCES *** ** .6985,the mid 6900's max.with Recovery to
Resistance /7025/7045/7070/ 7035/50 providing next Selling oportunity
------------------------------------------------------------------------
. ** ASIAN TRADING UPDATE ** October 27th, .7005
Kiwi next finds support at 6985,the mid .6900's max.for recovery to 7040
----------------------------------------------------------------------