27th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
27 October 2011 – 8:00 GMT
Thursday

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


TECHNICAL DATA

EURUSD BULLISH Focus is on 1.4013, a break above which would expose 1.4100. Initial support lies at 1.3799.

USDJPY BEARISH Near-term support lies at 75.72, the all time low ahead of 75.00, the psychological level. Resistance is at 76.49.

GBPUSD BULLISH Resistance is at 1.6083, a rise through which would open 1.6203. Near-term support lies at 1.5891.

USDCHF BEARISH Key support lies at 0.8647; a break through which would expose 0.8540. Resistance is at 0.8952.

AUDUSD BULLISH Near-term resistance is at 1.0501, a clear above which would open the way towards 1.0666. Support lies at 1.0203.

USDCAD BEARISH Pressure is on 0.9991, a break below which would expose 0.9885. Key resistance is at 1.0313.

EURCHF NEUTRAL Near-term directional triggers are at 1.2474 and 1.2123.

EURGBP BEARISH Initial support lies at 0.8670, a move below which would expose 0.8632. Resistance is at 0.8767.

EURJPY BULLISH Key resistance is at 106.54, a break above this level would open 107.68. Support lies at 104.75.


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.