DAILY Technical Forex Market Overview
22 November 2010 – 8:00 GMT
Monday
_____________________________________________________________________
Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
_____________________________________________________________________
TECHNICAL DATA
AUDUSD support at 0.9652
EURUSD BEARISH Pullback from 1.4282 holds above 1.3363; a break here would expose 1.3265. Initial resistance at 1.3777.
USDJPY BULLISH Push through 83.99 would expose 85.93. Initial support at 82.40 ahead of 81.66 reaction low.
GBPUSD NEUTRAL Model is neutral; 1.6379 and 1.5840 mark the key near-term directional triggers.
USDCHF BULLISH Following the break of 0.9977, the pair has room for a run towards 1.0183. Near-term support at 0.9829.
AUDUSD NEUTRAL While support at 0.9652 holds, break of 1.0183 would leave little resistance till 1.1083.
USDCAD BULLISH Sustained break of 1.0380 required to confirm the bull trend. Initial support at 1.0070.
EURCHF BULLISH Recovery through 1.3834 would expose 1.3924 and 1.4041 next. Near-term support comes in at 1.3411 ahead of 1.3229.
EURGBP BEARISH Bearish pressure held at 0.8449 ahead of 0.8390. Initial resistance at 0.8638.
EURJPY BULLISH While support at 111.05 holds, require a break through 115.68 to confirm a bull trend.
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
DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.
No comments:
Post a Comment