Posted below are my latest forecasts for EUR, GBP, CHF, JPY, AUD and NZD. My forecasts are updated daily. However, the Medium Term View only changes when my targets have been reached or the price action indicates a change of direction is imminent.
My forecasts have been published in this format for the last 20 years. The format is determined by the fact that most of my Bank, Institutional and Hedge fund clients view my forecasts on Reuters. For private traders I send the forecasts by email in PDF format so the presentation is somewhat improved. From time to time I also produce Special Reports
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My FX Forecasts for February 14th
** EURO/US DOLLAR - MEDIUM TERM VIEW **
FEB.7th,1.3120 - Euro's rallied nicely & with support now around 1.3000,
looking for this recovery to extend onto the 1.3600/3650 resistance area
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. *EURO/USD DAILY UPDATE* FEB.14th, 1.3190
*** DAILY SUPPORTS *** The Euros correction persists & until Key
Support /3160/3090/3030/ 1.3250/1.3320 resistance cleared,looking
*** DAILY RESISTANCES *** for another leg of this correction toward
Resistance /3220/3250/3285/ 1.3050/1.3000 support.
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** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
FEB.7th,1.5815 - Sterling's rallied well and this corrective reaction is
expected to give-way to the resumption of recovery toward 1.6350/1.6460.
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. *GBP/USD DAILY UPDATE* FEB.14th, 1.5765
*** DAILY SUPPORTS *** Having found resistance in low/mid 5800's
Support /5735/5670/5630/ as expected,Sterling still risks a deeper
*** DAILY RESISTANCES *** correction & looking for a sell-off back
Resistance /5790/5825/5860/ toward the low/mid 1.5600's.
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** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
FEB.7th,.9190 - The Dollar's sold-off well & with resistance now around
the .9300 level looking for this sell-off to extend toward .8960 & .8800
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. *USD/SWISS DAILY UPDATE* FEB.14th, .9160
*** DAILY SUPPORTS *** Dollar's correction persists & until Key
Support /9145/9130/9090/ .9130/.9090 support is broken looking for
*** DAILY RESISTANCES *** another leg of corrective recovery toward
Resistance /9200/9265/9290/ the mid/late .9200's.
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
FEB.13th,76.65 - Dollar rallying nicely from 76.00 support & looking for
test & break above Key 79.50 resistance,extending Uptrend to 82.25/82.60
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. *USD/YEN DAILY UPDATE* FEB.14th, 77.60
*** DAILY SUPPORTS *** Dollar's reaction is still seen as merely
Support /7740/7715/7670/ corrective,finding support around 77.15,
*** DAILY RESISTANCES *** 76.70 max. for the resumption of Uptrend
Resistance /7770/7785/7830/ toward the 78.30/78.70 resistance region.
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
FEB.7th,1.0720 - Ozzy's rallied nicely and with support at 1.0570/1.0520
still looking for Uptrend to extend toward last year's 1.1080 July high.
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. *AUD/USD DAILY UPDATE* FEB.14th, 1.0730
*** DAILY SUPPORTS *** Ozzy next finds support about 1.0690 and
Support /0690/0635/0575/ the late 1.0500's max.in preparation for
*** DAILY RESISTANCES *** resumption of Uptrend above 1.0780/1.0845
Resistance /0750/0780/0845/ resistance toward the 1.1080 level.
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
FEB.7th,.8335 - Kiwi's rallied nicely & with support around mid .8100's,
looking for Kiwi to extend Uptrend toward .8570 & last year's .8840 high
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. *NZD/USD DAILY UPDATE* FEB.14th, .8340
*** DAILY SUPPORTS *** Kiwi next finds support at .8300/.8275 in
Support /8300/8280/8245/ preparation for the resumption of Uptrend
*** DAILY RESISTANCES *** above Key .8375/8405 resistance to .8500+
Resistance /8360/8375/8405/
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Disclaimer: Max McKegg & Technical Research Ltd accept no liability whatsoever for any
loss or damage that may result, directly or indirectly, from any forecast, comment or
opinion, information or omission, whether negligent or otherwise, within this report.