Thursday, August 04, 2011

4th of August 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
4 August 2011 – 8:00 GMT
Thursday

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


TECHNICAL DATA

USDJPY 79.57 resistance

EURUSD NEUTRAL Near-term directional triggers are at 1.4536 and 1.4014.

USDJPY BULLISH A rise through 79.57, key low from May 5, would open the way towards 81.48. Support lies at 76.97, intraday low.

GBPUSD BULLISH Clearance of 1.6476 would open the way for 1.6547, a key high. Support lies at 1.6224.

USDCHF BEARISH Initial support lies at 0.7610 ahead of 0.7541. Resistance is at 0.7953.

AUDUSD NEUTRAL Resistance is at 1.1007 while support lies at 1.0598.

USDCAD NEUTRAL A move above 0.9669 would signal extension of gains towards 0.9779. Support lies at 0.9548.

EURCHF BEARISH A fall through 1.0796 would expose 1.0500. Resistance is at 1.1452.

EURGBP BEARISH Momentum is negative; a break below 0.8657 would expose 0.8611, a key low. Near-term resistance is at 0.8806.

EURJPY BULLISH Initial resistance is at 113.57; a break here would expose 115.18 and 116.81 next. Support lies at 110.30, intraday low.


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.

No comments:

Post a Comment