Wednesday, February 08, 2012

8th of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
8 February 2012 – 8:00 GMT
Wednesday

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


TECHNICAL DATA

EURUSD BULLISH Clearance of 1.3234 has opened 1.3386 ahead of 1.3435. Support lies at 1.3089.

USDJPY NEUTRAL Support lies at 76.75 ahead of 76.49. Resistance is at 77.15 ahead of 77.42.

GBPUSD BULLISH Break above 1.5883 has opened the resistance at 1.5947 ahead of 1.6096. Support lies at 1.5789.

USDCHF NEUTRAL Pair is testing the key support area of 0.9115/066, a decline through which would expose 0.8961. Resistance is at 0.9263 ahead of 0.9339.

AUDUSD BULLISH Next resistances are at 1.1007 and 1.1081, July 27 2011 high. Support lies at 1.0672.

USDCAD BEARISH Focus is on 0.9892, a decline through this would signal scope for losses towards 0.9766/25. Resistance is at 1.0034.

EURCHF BEARISH Support lies at 1.2032 ahead of 1.2000 and resistance is at 1.2109.

EURGBP BEARISH Initial support lies at 0.8255 ahead of key low at 0.8222. Resistance is at 0.8385.

EURJPY BULLISH Focus is on 102.21/54 area; a rally through which would open 103.98. Support is at 100.38.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

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