Thursday, December 02, 2010

2nd of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
2 December 2010 – 8:00 GMT
Thusday

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


TECHNICAL DATA


EURCHF 1.3229 resistance.


EURUSD BEARISH Clearance of 1.2988 exposes 1.2796 ahead of 1.2588. Resistance at 1.3150.


USDJPY BULLISH Recovery held at 84.41; breach of the level would expose 85.40 reaction high. Initial support at 82.79.


GBPUSD BEARISH Sell-off from 1.6299 found support at 1.5485; move below the level would expose 1.5297. Near-term resistance at 1.5773.


USDCHF BULLISH Next big resistance lies at 1.0183. Near-term support at 0.9926.


AUDUSD BEARISH Currently holds support at 0.9537 ahead of 0.9477 Fibonacci level. Resistance at 0.9712.


USDCAD BULLISH Remains constructive above 1.0076 keeping our focus on the upside. Initial resistance lies at 1.0287 ahead of 1.0374.


EURCHF BEARISH While resistance at 1.3229 breakout low holds, expect losses to target 1.2933 and 1.2766 next.


EURGBP BEARISH Focus is on 0.8329; a break here would expose 0.8202. Resistance at 0.8449.


EURJPY BEARISH Decline through 108.35 and 107.73 would open up the way towards 105.44 key low. Near-term resistance at 111.98.



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

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.

No comments:

Post a Comment