15th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
15 November 2011 – 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

EURUSD BEARISH Momentum remains negative; a push through 1.3578 would expose 1.3484. Resistance is at 1.3814.

USDJPY BEARISH Near-term support lies at 76.34 ahead of 76.00. Resistance is at 77.68.

GBPUSD NEUTRAL The focus is on 1.5869; a break below this level would trigger a bear trend opening 1.5825 next. Initial resistance is at 1.6096 ahead of 1.6167.

USDCHF BULLISH Clearance of 0.9151 would expose the key high of 0.9316. Near-term support lies at 0.8953.

AUDUSD BEARISH A push below 1.0106 would expose the key low of 1.0052 from Nov 10. Resistance comes in at 1.0350.

USDCAD BULLISH Initial resistance is at 1.0232 ahead of the tough resistance at 1.0273. Support lies at 1.0077.

EURCHF BULLISH Key resistance lies at 1.2474; a break above which would signal scope for gains towards 1.2646. Support lies at 1.2321.

EURGBP BEARISH Decline through 0.8529 would expose 0.8486, the key low from Nov. 10. Resistance is at 0.8612.

EURJPY BEARISH Downside pressure persists and the cross targets the key support at 104.73 ahead of 104.02. Resistance is at 105.57.


A. White
Analyst at Fibosignals.com

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