Thursday, February 23, 2012

23rd of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
23 February 2012 – 8:00 GMT
Thursday

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

EURUSD NEUTRAL Key bull trigger is at 1.3322 and next resistance is at 1.3435. Support lies at 1.3187 ahead of 1.3115

USDJPY BULLISH Next resistances are at 80.83 and 81.48. Support lies at 79.68.

GBPUSD NEUTRAL Resistances are at 1.5815 and 1.5881. Key downside trigger is at 1.5645 and next support is at 1.5582.

USDCHF BULLISH Resistance is at 0.9207 ahead of 0.9300. Key downside trigger is at 0.9066.

AUDUSD NEUTRAL Support lies at 1.0570 and 1.0527. Resistance is at 1.0686 ahead of 1.0756.

USDCAD BEARISH Initial support lies at 0.9955, a move below which would open 0.9924. Resistance is at 1.0052.

EURCHF NEUTRAL Resistance is at 1.2084 ahead of 1.2116. Key supports to watch are at 1.2032 and 1.2000.

EURGBP BULLISH Clearance of 0.8486 would open 0.8562 next. Support lies at 0.8379.

EURJPY BULLISH Break of 106.04 has opened resistances at 106.74 and 107.65. Support is at 105.05.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

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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