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    My LATESTFXForecastsfor MAY5

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    The document provides daily forecasts for several currency pairs for May 5th. It summarizes that the euro's downtrend has resumed and is looking for a sell-off toward the key 1.2340 level. The US dollar's uptrend against the Swiss franc has resumed and is looking to advance toward the 1.1600 level in coming weeks. Sterling's corrective recovery against the US dollar is also seen resuming its downtrend toward 1.4450 in the coming weeks.

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    My LATESTFXForecastsfor MAY5

    Uploaded by

    api-26572708
    23 views2 pages
    The document provides daily forecasts for several currency pairs for May 5th. It summarizes that the euro's downtrend has resumed and is looking for a sell-off toward the key 1.2340 level. The US dollar's uptrend against the Swiss franc has resumed and is looking to advance toward the 1.1600 level in coming weeks. Sterling's corrective recovery against the US dollar is also seen resuming its downtrend toward 1.4450 in the coming weeks.

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    MyLATESTFXForecastsforMAY5

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    The document provides daily forecasts for several currency pairs for May 5th. It summarizes that the euro's downtrend has resumed and is looking for a sell-off toward the key 1.2340 level. The US dollar's uptrend against the Swiss franc has resumed and is looking to advance toward the 1.1600 level in coming weeks. Sterling's corrective recovery against the US dollar is also seen resuming its downtrend toward 1.4450 in the coming weeks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views2 pages

    My LATESTFXForecastsfor MAY5

    Uploaded by

    api-26572708
    The document provides daily forecasts for several currency pairs for May 5th. It summarizes that the euro's downtrend has resumed and is looking for a sell-off toward the key 1.2340 level. The US dollar's uptrend against the Swiss franc has resumed and is looking to advance toward the 1.1600 level in coming weeks. Sterling's corrective recovery against the US dollar is also seen resuming its downtrend toward 1.4450 in the coming weeks.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    My FX Forecasts for MAY 5th

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


    MAY 5th,1.2985 - The Euro's Downtrend has resumed & whilst resisatnce at
    1.3080/1.3200 now contains looking for sell-off toward Key 1.2340 level.
    ------------------------------------------------------------------------
    ** ** SUPPORTS ** *** *EURO/USD DAILY UPDATE* May 5th, 1.2985
    Support /2965/2930/2900/ Euros resumed Downtrend & with resistance
    ** *** RESISTANCES *** ** now about the 1.3020/1.3050 area looking
    Resistance /3000/3020/3050/ for sell-off toward 1.2900,enroute 1.2830
    ------------------------------------------------------------------------
    . *SHORT TERM CALL* May 5th, 1.2975
    Consolidation gives-way to next leg of sell-off toward the 1.2900 level.
    ------------------------------------------------------------------------

    Daily EUR / USD


    Price
    USD
    B
    1.6
    c
    5/ 1.56

    1.5145
    1.52
    2/
    3/ 1.48
    1.4580
    1.4335
    1.44
    4/
    1/
    1.4220 1.3815 1.4
    1.3735 II/
    1/
    1.3835 1.36

    4/
    1.3440 1.32
    I/
    3/
    1.28
    1.2890

    2/ 1.24
    1.2460

    b 1.2

    1.16
    .1234
    16 02 16 01 16 01 18 01 16 01 16 03 17 01 16 01 16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02
    Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010

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


    MAY 5th,1.1030 - The Dollar's Uptrend has resumed and whilst now holding
    1.0930/1.0850 looking for advance toward 1.1600 level over coming weeks.
    ------------------------------------------------------------------------
    ** ** SUPPORTS ** *** *USD/SWISS DAILY UPDATE* May 5th, 1.1030
    Support /1000/0985/0970/ Dollar has resumed Uptrend & with support
    ** *** RESISTANCES *** ** now about 1.1000/1.0970 looking for rally
    Resistance /1050/1080/1100/ to the 1.1100 level,enroute 1.1160/1.1190
    ------------------------------------------------------------------------
    . *SHORT TERM CALL* May 5th, 1.1040
    Consolidation gives-way to next leg of advance toward 1.1100 target lvl.
    ------------------------------------------------------------------------
    2

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


    MAY 5th,1.5135 - Sterling's probably completed its corrective recovery &
    looking for the resumption of Downtrend toward 1.4450 over coming weeks.
    ------------------------------------------------------------------------
    ** ** SUPPORTS ** *** *GBP/USD DAILY UPDATE* May 5th, 1.5135
    Support /5090/5050/5020/ Sterling has probably resumed Downtrend &
    ** *** RESISTANCES *** ** looking for sell-off toward 1.5050/1.5020
    Resistance /5165/5190/5215/ enroute Key 1.4800/4785 over coming days.
    ------------------------------------------------------------------------
    . *SHORT TERM CALL* May 5th, 1.5135
    Looking for sell-off to soon extend toward the 1.5050/1.5020 target area
    ------------------------------------------------------------------------

    ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **


    MARCH 25th 92.15 - Dollar's recovery extending toward 93.75 resistance &
    once this cleared will herald advance toward Key 97.00,then onto 101.50.
    ------------------------------------------------------------------------
    ** ** SUPPORTS ** *** *USD/YEN DAILY UPDATE* May 5th, 94.65
    Support /9435/9400/9350/ Dollar's sell-off from 95.00 inconclusive
    ** *** RESISTANCES *** ** & whilst holding 94.20/94.00 gives-way to
    Resistance /9480/9500/9540/ resumption of recovery onto the mid 9500s
    ------------------------------------------------------------------------
    . *SHORT TERM CALL* May 5th, 94.65
    Resistance at 94.80/95.00 probably contains initially for a S/T reaction
    ------------------------------------------------------------------------

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


    MAY 5th,.9100 - The Ozzy's Uptrend appears exhausted & cautions start of
    a major corrective sell-off back toward Key 8580 support level,initially
    ------------------------------------------------------------------------
    ** ** SUPPORTS ** *** *AUD/USD DAILY UPDATE* May 5th, .9100
    Support /9090/9075/9030/ Ozzy's sell-off appears the start of much
    ** *** RESISTANCES *** ** larger corection.Resistance at .9135/9160
    Resistance /9120/9135/9160/ now contains to extend sell-off twd .9000
    ------------------------------------------------------------------------
    . *SHORT TERM CALL* May 5th, .9105
    Consolidation gives-way to next leg of sell-off toward the .9000 level.
    ------------------------------------------------------------------------

    ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **


    MAY 5th,.7205 - Having recovered well Kiwi now vulnerable to next leg of
    its broad correction & sell-off back toward the 7000 level,then Key 6800
    ------------------------------------------------------------------------
    ** ** SUPPORTS ** *** *NZD/USD DAILY UPDATE* May 5th, .7205
    Support /7190/7165/7140/ Kiwi's recovery is probably exhausted and
    ** *** RESISTANCES *** ** resistance at 7230/7245 probably contains
    Resistance /7210/7230/7245/ for next leg of sell-off to the mid 7100s
    ------------------------------------------------------------------------
    . *SHORT TERM CALL* May 5th, .7205
    Consolidation gives-way to next leg of sell-off toward the mid .7100's.
    ------------------------------------------------------------------------

    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.

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