27th of October 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
27 October 2010 – 8:00 GMT
Wednesday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

USDCHF 1.0329 next resistance.

EURUSD BULLISH Look for a break above 1.4159 for resumption of the bull trend. Support at 1.3637/1.3559 zone

USDJPY BEARISH While resistance at 82.52 holds, expect decline towards 79.75 with scope for 77.91 next.

GBPUSD BULLISH Recovery has scope for 1.6107. Support holds at 1.5606

USDCHF BEARISH Rise through 0.9918 breakout low exposes 1.0329. Support holds at 0.9463 ahead of 0.9225.

AUDUSD BULLISH Move above 1.0004 would expose 1.0166. Support defined at 0.9662 ahead of 0.9542 reaction low

USDCAD BEARISH As long as 1.0380 continues to cap the upside, expect decline towards 0.9981 and 0.9820 next.

EURCHF BULLISH Violation of 1.3665 leaves next resistance at 1.3924. Near-term support at 1.3456 ahead of 1.3265

EURGBP BULLISH Sudden decline through 0.8773 exposes 0.8689 and 0.8636 next. Resistance at 0.8885 yesterday's high

EURJPY BULLISH Need a break below 111.56 to trigger bear trend. Upside capped at 115.68.

SCHEDULE

Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.

A. M. Negrin Bautista, CFA

Chief Analyst at Fibosignals.com

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