9th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
9 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

USDCAD pressure on 0.9981.

EURUSD NEUTRAL While support at 1.3698 holds, expect gains to target 1.4373 ahead of 1.4579.

USDJPY BEARISH Stalled above 79.75; little support below this till 77.91. Resistance at 81.99.

GBPUSD BULLISH Momentum is positive; expect recovery towards 1.6379 with scope for 1.6458 next. Support comes in at 1.5961 ahead of 1.5651.

USDCHF BEARISH Break below 0.9463 would open up the way towards 0.9225. Upside capped at 0.9972.

AUDUSD BULLISH Upside pressure found resistance at 1.0183 ahead of 1.0222. Support at 0.9891 ahead of 0.9542 reaction low.

USDCAD BEARISH Bearish pressure on 0.9981; a break here would expose 0.9820 next. Resistance at 1.0156.

EURCHF NEUTRAL 1.3834 and 1.3265 mark the near-term directional triggers.

EURGBP BEARISH Next support below 0.8542 lies at 0.8463. Resistance at 0.8692 ahead of 0.8818.

EURJPY NEUTRAL While 115.68 continues to cap the upside, support lies at 111.53 ahead of 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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