18th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
18 October 2011 – 8:00 GMT
Tuesday

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

EURUSD BULLISH Focus is on 1.3937, a break of which would open 1.4013. Key support lies at 1.3685.

USDJPY NEUTRAL Resistance is at 77.49 ahead of 77.86, whereas support lies at 76.31 and 76.11.

GBPUSD BULLISH Initial resistance is at 1.5869, a break above which would expose 1.5945. Support lies at 1.5722.

USDCHF NEUTRAL Support lies at 0.8836, a break here would expose 0.8647. Resistance is at 0.9039 ahead of 0.9123.

AUDUSD BULLISH Clearance of 1.0399 would expose 1.0440, a Fibonacci level. Near-term support lies at 1.0102.

USDCAD NEUTRAL Resistance is at 1.0339, while support lies at 1.0044.

EURCHF NEUTRAL Key resistance is at 1.2435; a break here would expose 1.2495. Near-term support lies at 1.2218 ahead of 1.2123.

EURGBP BULLISH Initial resistance is at 0.8797, a break through which would open 0.8842. Support lies at 0.8583.

EURJPY BULLISH Break above 108.00 would expose 109.09, while support lies at 105.13.


A. White
Analyst at Fibosignals.com

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