My FX Forecasts for MAY 25th
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** EURO/US DOLLAR - MEDIUM TERM VIEW **
MAY 14th,1.2915 - Euro's finally completed broad,complex 1.3485 - 1.2980
consolidation and looking for sell-off toward 1.2500 over coming weeks.
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. *EURO/USD DAILY UPDATE* May 25th, 1.2535
*** DAILY SUPPORTS *** Euro now find resistance at 1.2570/1.2600
Support /2525/2485/2430/ for the resumption of Downtrend to 1.2485
*** DAILY RESISTANCES *** & then 1.2430.Else above 1.2610 cautions
Resistance /2575/2610/2685/ corrective recovery back to 1.2670/1.2700
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** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
MAY 14th,.9295 - Dollars finally completed its broad,complex 9335 - 8930
consolidation & looking for advance onto the .9600 lvl over coming weeks
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. *USD/SWISS DAILY UPDATE* May 25th, .9580
*** DAILY SUPPORTS *** Dollar now has support at .9565/.9540 for
Support /9560/9540/9480/ resumption of Uptrend beyond 9600 onto my
*** DAILY RESISTANCES *** next target at mid .9600's.Else break of
Resistance /9600/9650/9665/ .9540 cautions correction to late .9400's
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** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
MAY 14th,1.6070 - Sterlings starting to break Down & with resistance now
at 1.6115/1.6200 looking for sell-off to 1.5600 level over coming weeks.
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. *GBP/USD DAILY UPDATE* May 25th, 1.5665
*** DAILY SUPPORTS *** Sterling sold-off well from 1.5725.Whilst
Support /5640/5600/5550/ 1.5690/5725 now contains yields sell-off
*** DAILY RESISTANCES *** below 1.5640 to 1.5600 & then 1.5550.Else
Resistance /5700/5725/5780/ above 1.5725 signals a recovery to 1.5780
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
MAY 7th,79.85 - The Dollar's corrective sell-off from March's 84.15 high
persists and mathematical Support is next found about the 78.00 level.
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. *USD/YEN DAILY UPDATE* May 25th, 79.60
*** DAILY SUPPORTS *** The Dollar today has resistance at 79.80,
Support /7940/7925/7900/ 80.15 max. Whilst this contains cautions
*** DAILY RESISTANCES *** sell-off back to 79.00 then 78.70.However
Resistance /7980/8015/8060/ beyond 80.15 reasserts recovery,for 81.00
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
MAY 17th,.9925 - Ozzy's sold-off nicely and resistance at 1.0150/1.0220
probably now contains to extend Downtrend toward .9500 over coming weeks
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. *AUD/USD DAILY UPDATE* May 25th, .9755
*** DAILY SUPPORTS *** Ozzys corrective consolidation persists &
Support /9740/9715/9690/ resistance now at .9830/.9845 for break
*** DAILY RESISTANCES *** below .9715/.9690 support to herald the
Resistance /9800/9830/9845/ resumption of Downtrend twd .9600 & .9540
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
MAY 17th,.7655 - Kiwi has met my .7660 Target But with resistance now at
.7800,.7900 *max* looking for Downtrend to extend toward the .7370 level
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. *NZD/USD DAILY UPDATE* May 25th, .7535
*** DAILY SUPPORTS *** Kiwi tested .7560/7590 target yesterday &
Support /7515/7500/7460/ resistance now around the .7600 level for
*** DAILY RESISTANCES *** break below .7500/.7460 support to herald
Resistance /7590/7615/7675/ the resumption of Downtrend toward .7370.
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