Monday, November 14, 2011

14th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
14 November 2011 – 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 BEARISH Outlook remains bearish; Focus is on 1.3406 ahead of 1.3346. Resistance is at 1.3871.

USDJPY NEUTRAL Resistance is at 78.10 ahead of 78.27. Support lies at 77.44 ahead of 76.95.

GBPUSD NEUTRAL Focus is on 1.5877, a break below this level would trigger weakness towards 1.5825. Near-term resistance is at 1.6131.

USDCHF BULLISH Resistance is at 0.9151, a break above which would expose 0.9316. Near-term support lies at 0.8923.

AUDUSD NEUTRAL Break of 1.0102 opens 1.000 and 0.9909. Key resistance is at 1.0300.

USDCAD BULLISH Focus is on 1.0273, a break through which would expose 1.0365. Support lies at 1.0055.

EURCHF BULLISH Key resistance is at 1.2474, a clearance of this level would open 1.2646. Key support lies at 1.2131.

EURGBP BEARISH Support lies at 0.8456, a break below which would open 0.8394. Resistance is at 0.8612.

EURJPY NEUTRAL The cross tested 104.75, a clear break here would open 104.02 ahead of 103.32. Initial resistance is at 107.65 ahead of 108.25.


A. White
Analyst at Fibosignals.com

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