30th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
30 November 2010 – 8:00 GMT
Tuesday

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


TECHNICAL DATA

EURCHF testing 1.3072.

EURUSD BEARISH Momentum is negative; the pair targets 1.2988 with scope for 1.2588 next. Resistance at 1.3354.

USDJPY BULLISH Recovery through 83.99 exposes 85.40 reaction high ahead of 85.93. Initial support at 83.57.

GBPUSD BEARISH Break of 1.5650 exposes 1.5509 and 1.5297 next. Near-term resistance at 1.5773.

USDCHF BULLISH Upside potential held at 1.0054 ahead of 1.0183. Near-term support at 0.9849.

AUDUSD BEARISH Focus is on 0.9542 reaction low; a break here would expose 0.9477 Fibonacci support. Resistance at 0.9818.

USDCAD BULLISH Sustained break of 1.0264 and 1.0374 required for confirmation of bull trend. Support holds at 1.0076.

EURCHF BEARISH Following the sudden decline yesterday, the cross now eyes 1.3072. Near-term resistance at 1.3401.

EURGBP BEARISH Break of 0.8402 would expose 0.8311. Resistance at 0.8564.

EURJPY BEARISH Clearance of 109.35 would expose 107.73. Near-term resistance at 113.67.

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.