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    MyFXForecastsforTHURSDAY August12th

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    The document provides daily forecasts for several currency pairs for August 12th. It predicts that the euro will sell off further against the dollar to 1.2800, the dollar will continue recovering against the Swiss franc toward 1.0675, sterling will weaken further versus the dollar to around 1.5530, the dollar will decline further against the yen toward 84.00, the Australian dollar will sell off against the dollar to around 8900/8865, and the New Zealand dollar will also weaken further versus the dollar to the 7030/6985 support area. Daily support and resistance levels are given for each currency pair.

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    MyFXForecastsforTHURSDAY August12th

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    api-26441337
    49 views2 pages
    The document provides daily forecasts for several currency pairs for August 12th. It predicts that the euro will sell off further against the dollar to 1.2800, the dollar will continue recovering against the Swiss franc toward 1.0675, sterling will weaken further versus the dollar to around 1.5530, the dollar will decline further against the yen toward 84.00, the Australian dollar will sell off against the dollar to around 8900/8865, and the New Zealand dollar will also weaken further versus the dollar to the 7030/6985 support area. Daily support and resistance levels are given for each currency pair.

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    MyFXForecastsforTHURSDAY-August12th

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    The document provides daily forecasts for several currency pairs for August 12th. It predicts that the euro will sell off further against the dollar to 1.2800, the dollar will continue recovering against the Swiss franc toward 1.0675, sterling will weaken further versus the dollar to around 1.5530, the dollar will decline further against the yen toward 84.00, the Australian dollar will sell off against the dollar to around 8900/8865, and the New Zealand dollar will also weaken further versus the dollar to the 7030/6985 support area. Daily support and resistance levels are given for each currency pair.

    Copyright:

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

    MyFXForecastsforTHURSDAY August12th

    Uploaded by

    api-26441337
    The document provides daily forecasts for several currency pairs for August 12th. It predicts that the euro will sell off further against the dollar to 1.2800, the dollar will continue recovering against the Swiss franc toward 1.0675, sterling will weaken further versus the dollar to around 1.5530, the dollar will decline further against the yen toward 84.00, the Australian dollar will sell off against the dollar to around 8900/8865, and the New Zealand dollar will also weaken further versus the dollar to the 7030/6985 support area. Daily support and resistance levels are given for each currency pair.

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    of 2

    My FX Forecasts for AUGUST 12th

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


    AUG.10th,1.3220 - Euro's rallied well these past weeks but now cautions
    risk of exhaustion to yield corrective sell-off toward the 1.2750 level.
    ------------------------------------------------------------------------
    . *EURO/USD DAILY UPDATE* AUG.12th, 1.2870
    *** DAILY SUPPORTS *** The Euro has sold-off nicely & this minor
    Support /2830/2800/2735/ recovery expected to give-way to sell-off
    *** DAILY RESISTANCES *** to the 1.2800 level,enroute 1.2735/1.2720
    Resistance /2915/2950/2980/
    ------------------------------------------------------------------------

    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/
    3/
    1.29
    I/ 1.2670
    1.26

    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 10th,1.0490 - Dollar's waning downside momentum cautions imminent
    exhaustion for corrective recovery toward 1.0900 level over coming weeks
    ------------------------------------------------------------------------
    . *USD/SWISS DAILY UPDATE* AUG.12th 1.0585
    *** DAILY SUPPORTS *** The Dollars recovery is developing well &
    Support /0565/0540/0500/ with support now around the mid 1.0500's,
    *** DAILY RESISTANCES *** looking for the Dollar to extend recovery
    Resistance /0625/0675/0700/ toward 1.0675 enroute to the mid 1.0700's
    ------------------------------------------------------------------------
    2

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


    AUGUST 10th,1.5860 - Sterling's recovery is now vulnerable to exhaustion
    and a corrective sell-off back toward the 1.5350 level over coming weeks
    ------------------------------------------------------------------------
    . *GBP/USD DAILY UPDATE* AUG.12th, 1.5660
    *** DAILY SUPPORTS *** Sterling has sold-off as anticipated and
    Support /5615/5530/5465/ expecting this sell-off to extend toward
    *** DAILY RESISTANCES *** the 1.5530 level enroute the mid 1.5400's
    Resistance /5695/5710/5740/
    ------------------------------------------------------------------------

    ** 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
    ------------------------------------------------------------------------
    . *USD/YEN DAILY UPDATE* August 12th, 85.15
    *** DAILY SUPPORTS *** The Dollar's sell-off persists & looking
    Support /8475/7430/8400/ for break of 85.00/84.75 support to yield
    *** DAILY RESISTANCES *** next leg of Dollar's decline toward 84.00
    Resistance /8530/8545/8570/
    ------------------------------------------------------------------------

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


    AUG.4th,.9130 - Ozzys rallied nicely these past weeks & Uptrend probably
    extends onto .9200 target.Only a decisive break extends toward Key .9405
    ------------------------------------------------------------------------
    . *AUD/USD DAILY UPDATE* August 12th, .8965
    *** DAILY SUPPORTS *** The Ozzy's sold-off as anticipated & this
    Support /8935/8900/8865/ minor recovery is expected to give-way to
    *** DAILY RESISTANCES *** the next leg of sell-off toward 8900/8865
    Resistance /9000/9015/9050/
    ------------------------------------------------------------------------

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


    AUG.10th,.7285 - Kiwi's recovery has stalled & whilst resistance at 7345
    now caps forewarns of a sell-off back toward the .7030/.6985 suport area
    ------------------------------------------------------------------------
    . *NZD/USD DAILY UPDATE* August 12th, .7125
    *** DAILY SUPPORTS *** The Kiwi has sold-off nicely toward .7100
    Support /7100/7030/6985/ and the outlook remains Bearish,expecting
    *** DAILY RESISTANCES *** decline to extend twd .7030/.6985 target.
    Resistance /7140/7155/7180/
    ------------------------------------------------------------------------

    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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