12th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
12 November 2010 – 8:00 GMT
Friday

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

EURUSD 1.3235 support.

EURUSD BEARISH Violation of 1.3635 triggers the negative tone. Next support at 1.3235.

USDJPY BULLISH Recovery through 81.99 exposes 83.99. Initial support defined at 81.55 ahead of 79.75 key support.

GBPUSD BULLISH Focus is on 1.6379 ahead of 1.6458. Support holds at 1.5651.

USDCHF NEUTRAL Trading within 0.9972 and 0.9463 which mark the key directional triggers.

AUDUSD NEUTRAL Pullback from 1.0183 has support at 0.9652 ahead of 0.9542 reaction low.

USDCAD BEARISH Push through 0.9981 has exposed 0.9820 with scope for 0.9712 next. Resistance at 1.0156.

EURCHF BEARISH Violation of 1.3265 exposes 1.3072. Sustained break of 1.3834 required for resumption of bull trend.

EURGBP BEARISH Momentum is negative; move below 0.8390 would expose 0.8311. Resistance at 0.8552 yesterday's high.

EURJPY BEARISH Remains heavy below 115.68; initial support at 111.53 ahead of 107.73.

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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