16/11/2005
My FX Forecasts for WEDNESDAY – NOVEMBER 16th
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
October 10th,1.2115 - Euro's preparing for break below Key 1.1900/1.1870
to herald next strong sell-off toward the 1.1200 level over coming weeks
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* NOV.16th, 1.1725
Support /1700/1675/1640/ Euros downside momentum slowed but whilst
** *** RESISTANCES *** ** Resistance at 1.1730/1.1760 now contains,
Resistance /1730/1760/1775/ yields another sell-off to the low 1600's
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. ** ASIAN TRADING UPDATE ** November 16th, 1.1720
Resistance at 1.1730,1.1760 max.contains,for sell-off to 1.1675 & 1.1615
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. ** 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.
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* NOV.16th, 1.3160
Support /3160/3145/3130/ Dollars Upside momentum slowed but whilst
** *** RESISTANCES *** ** finding support about 1.3160/3130,looking
Resistance /3190/3215/3240/ for another advance twd the late 1.3200's
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. ** ASIAN TRADING UPDATE ** November 16th, 1.3170
With support around mid 1.3100's,looking for rally back to 1.3220 & 3275
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. ** 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
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* NOV.16th, 1.7350
Support /7325/7305/7275/ GBP's Downside momentum slowed but whilst
** *** RESISTANCES *** ** 1.7385,1.7430 max.today contains,looking
Resistance /7360/7385/7400/ for another sell-off twd the low 1.7200's
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. ** ASIAN TRADING UPDATE ** November 16th, 1.7345
Looking for Break below 1.7325/7305 to herald next sell-off toward 7225.
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. ** 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
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* NOV.16th, 118.90
Support /1875/1860/1845/ Dollar rallied nicely yesterday & support
** *** RESISTANCES *** ** now at 118.75,118.60/118.45 max. yielding
Resistance /1915/1940/1950/ another advance toward the 120.00 level.
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. ** ASIAN TRADING UPDATE ** November 16th, 118.90
Awaiting next advance abv.119.15 to retest 119.40,enroute the 120.00 lvl
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 10th,.7560 - Ozzy's corective decline persists and resistance at
7600/50 probably contains,for sell-off toward support at the mid .7100's
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* NOV.16th, .7335
Support /7300/7280/7265/ Ozzys downside momentum slowed,cautioning
** *** RESISTANCES *** ** corrective recovery.Resistance about 7345
Resistance /7345/7380/7430/ prob.contains,for a reaction to 7300/7280
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. ** ASIAN TRADING UPDATE ** November 16th, .7330
Resistance around .7345,to yield reaction back toward .7300/7280 Support
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
OCT.10th,.6950 - Kiwi's corective decline persists & resistance at .7100
probably now contains,yielding exhaustive decline toward the mid .6500's
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* NOV.16th, .6850
Support /6825/6810/6785/ Kiwis downside momentum slowed,cautioning
** *** RESISTANCES *** ** corrective recovery.Resistance .6865/6880
Resistance /6865/6880/6910/ prob.contains,for reaction to around 6800
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. ** ASIAN TRADING UPDATE ** November 16th, .6845
Resistance at .6865,.6880 max.contains,for reaction back to around .6800
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