DAILY MARKET COMMENTARY
18 March 2011 – 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 1.4282 key resistance.
EURUSD BULLISH Rise above 1.4086 has exposed 1.4282 key high from Nov 4. Initial support lies at 1.3855.
USDJPY BEARISH Recovery targets 82.01 with scope for 82.45 next, while support is at 78.83 intraday low.
GBPUSD BEARISH Look for a break below 1.5964, which would confirm the bear trend and open the way to 1.5845. Near-term resistance lies at 1.6200.
USDCHF BEARISH The pair found support at 0.8852 ahead of 0.8795. Initial resistance is at 0.9198.
AUDUSD BEARISH As long as resistance at 0.9963 is intact, a break below 0.9706 would expose 0.9625.
USDCAD BULLISH While support at 0.9735 holds, look for gains towards 0.9974 and 1.0011/58 resistance area.
EURCHF BEARISH Bounce off through 1.2706 exposes 1.2854. Near-term support lies at 1.2571 ahead of 1.2433/02 support zone.
EURGBP BULLISH Focus is on 0.8787 Fibonacci level, break of this would expose 0.8818. Near-term support is at 0.8626.
EURJPY BEARISH Resistance at 116.00/68 area, while support is at 110.54 intraday low.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. White
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.
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