15th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
15 November 2010 – 8:00 GMT
Monday

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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 has triggered the negative tone. Next support at 1.3235.

USDJPY BULLISH Recovery through 82.80 exposes 83.99. Only a break above 85.93 would confirm a bull trend. Initial support at 81.66 reaction low.

GBPUSD BULLISH Focus is maintained on 1.6379 ahead of 1.6458. Support holds at 1.5952.

USDCHF BULLISH Break of 1.9972 would expose 1.0183. Support at 0.9463.

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

USDCAD BEARISH Stalled in front of 0.9931, push through the level would expose 0.9820 with scope for 0.9712 next. Resistance at 1.0156.

EURCHF BEARISH Violation of 1.3265 has exposed 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 0.8638.

EURJPY NEUTRAL 115.68 and 111.05 reaction low mark the key near-term directional triggers.

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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