My FX Forecasts for AUGUST 18th

** EURO/US DOLLAR - MEDIUM TERM VIEW **

AUG.18th,1.2865 - Having met my 1.2750 target,looking for resistance at
1.3000/1.3100 to now contain yielding sell-off toward the 1.2450 level.
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. *EURO/USD DAILY UPDATE* AUG.18th, 1.2865
*** DAILY SUPPORTS *** The Euro is recovering as anticipated and
Support /2865/2840/2805/ this corrective recovery probably extends
*** DAILY RESISTANCES *** to about the 1.3000 level before Reversal
Resistance /2915/2960/3000/ for sell-off back toward 1.2740 & 1.2600.
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Daily EUR / USD

Price
USD
1.5145
1.53
2/ 1.5
1.4580 1.47

1.44
4/
1.4220 II/ 1.41
1.3815
1.3690
1/ (1) 1.38

1.3335 1.35

1.3440 1.32
1.3270 iv/ b
3/
1.29
I/ 1.2670
1.26
a
1.23

1.2145 1.2

iii/ 1.1880 1.17

v/ 1.14
5/
1.11
.1234
16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02 16 01 16 01 18
Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10

** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **

AUGUST 18th,1.0440 - Amidst Bullish divergences the Dollar still appears
to be forming base to launch corrective recovery toward the 1.0900 level
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. *USD/SWISS DAILY UPDATE* AUG.18th 1.0440
*** DAILY SUPPORTS *** The Dollar continues to form a Bottom and
Support /0400/0365/0330/ support now in the mid/late 1.0300's for
*** DAILY RESISTANCES *** rally toward Key 1.0625 resistance level.
Resistance /0470/0520/0550/
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 2

** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **

AUGUST 18th,1.5575 - Sterling's sell-off persists & resistance now about
the 1.5700 level for the next of decline toward 1.5250 enroute to 1.5000
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. *GBP/USD DAILY UPDATE* AUG.18th, 1.5575
*** DAILY SUPPORTS *** Support now around mid 1.5500's to prompt
Support /5555/5540/5470/ a corrective recovery toward 1.5700 ahead
*** DAILY RESISTANCES *** of next leg of GBP's sell-off twd 1.5250.
Resistance /5615/5650/5700/
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

JULY 21st,87.25 - Whilst resistance around 89.00/89.15 contains strength
looking for resumption of Downtrend toward 84.85,enroute the 80.00 level
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. *USD/YEN DAILY UPDATE* August 18th, 85.50
*** DAILY SUPPORTS *** Resistance around the 86.00 probably now
Support /8530/8515/8475/ contains this recovery to yield resumption
*** DAILY RESISTANCES *** of Downtrend & sell-off below 85.30/85.15
Resistance /8570/8600/8640/ toward 84.75 - enroute to the 84.00 level
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

AUG.18th,.9050 - Resistance at .9150/9200 probably now contains strength
to yield exhaustion & sell-off back toward support around the mid 8600's
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. *AUD/USD DAILY UPDATE* August 18th, .9050
*** DAILY SUPPORTS *** The Ozzy's rallied as anticipated & until
Support /9035/9015/9000/ 9015/9000 broken yields final rally above
*** DAILY RESISTANCES *** .9080 resistance to around the mid 9100's
Resistance /9080/9100/9160/ before Reversal & sell-off back to .8865.
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

AUG.18th,.7115 - Having met my .7000 target,resistance at 7200/.7250 now
contains strength to yield next leg of sell-off toward the .6800 level.
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. *NZD/USD DAILY UPDATE* August 18th, .7115
*** DAILY SUPPORTS *** Kiwi's met my 7150 target but opportunity
Support /7100/7080/7040/ for this corrective recovery to extend
*** DAILY RESISTANCES *** near the 7200 level before exhaustion for
Resistance /7150/7185/7210/ sell-off back to the .7000 level & below.
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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 forecast.