23rd of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
23 November 2010 – 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 focus on 1.3363

EURUSD BEARISH Focus is on 1.3363; break through the level would expose 1.3265. Resistance at 1.3786 ahead of 1.4282.

USDJPY BULLISH Push through 83.99 would expose 85.93. Initial support at 82.40 ahead of 81.66 reaction low.

GBPUSD NEUTRAL Model is neutral; 1.6379 and 1.5840 mark the key near-term directional triggers.

USDCHF BULLISH Following the break of 0.9977, the pair has room for a run towards 1.0183. Near-term support at 0.9829.

AUDUSD BEARISH The pair has support at 0.9652 ahead of 0.9542. Resistance at 0.9954 ahead of 1.0183.

USDCAD BULLISH Sustained break of 1.0380 required to confirm the bull trend. Initial support at 1.0070.

EURCHF NEUTRAL 1.3834 and 1.3229 mark the near term directional triggers.

EURGBP BEARISH Sell-off from 0.8942 found support at 0.8449 ahead of 0.8390. Initial resistance at 0.8638.

EURJPY BULLISH While support at 111.05 holds, require a break through 115.68 to confirm a bull trend.

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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