18th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
18 November 2010 – 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

EURGBP 0.8449 support.

EURUSD BEARISH Move below 1.3363 would expose 1.3265. Resistance at 1.3777 ahead of 1.4282.

USDJPY BULLISH Focus on 83.99, only a break above 85.93 would confirm a bull trend. Initial support at 82.40 ahead of 81.66 reaction low.

GBPUSD NEUTRAL 1.6379 and 1.5651 mark the near-term directional triggers.

USDCHF BULLISH Rise above 0.9972 has exposed 1.0183. Near-term support at 0.9829.

AUDUSD BEARISH Look for a break below 0.9652 for confirmation of bear trend. Initial resistance at 1.0183.

USDCAD NEUTRAL While resistance at 1.0380 holds, support comes in at 1.0070 ahead of 0.9931.

EURCHF BEARISH Focus is on 1.3229; a break here would expose 1.3072 and 1.2766 next. Only a push above 1.3834 would put odds against the ongoing trend.

EURGBP BEARISH Sell-off from 0.8942 found support at 0.8449. Next support at 0.8390.

EURJPY BEARISH Remains heavy below 115.68; break of 111.05 reaction low would expose 107.73.

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

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