Monday, October 24, 2011

24th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
24 October 2011 – 8:00 GMT
Monday

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


TECHNICAL DATA

EURUSD BULLISH Pressure is on 1.3914/37 area; a break through which would expose 1.4013. Initial support lies at 1.3653.

USDJPY BEARISH Pair defined a new low at 75.82, a break below which would open 75.00, a psychological level. Resistance is at 77.09.

GBPUSD BULLISH Near-term resistance is at 1.5991, a move above this level would expose 1.6104. Near-term support lies at 1.5754.

USDCHF NEUTRAL Resistance is at 0.8952 ahead of 0.9083. Support lies at 0.8786 and then 0.8647.

AUDUSD BULLISH A clear break above 1.0399 would expose 1.0434 ahead of 1.0478. Support lies at 1.0203.

USDCAD BEARISH Pressure is on 1.0044, a break of which would signal scope for extension of losses towards 1.0000 and 0.9885. Resistance is at 1.0188.

EURCHF NEUTRAL Support lies at 1.2123, while resistance is at 1.2474.

EURGBP NEUTRAL Near-term resistance is at 0.8767, a rise through which would open 0.8797. Support lies at 0.8632 ahead of 0.8583.

EURJPY BULLISH Clearance of 106.54 would open the way for gains towards 107.68. Key support lies at 104.78.


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