Global FX Technical Strategist -15 Nov 2011

EUR/USD: Worrying return around ST 61.8% (1.3567) which is ST/MT pivot

EUR/JPY: Worrying move back slightly below critical 104.75/91 support area with doji reversal cancelled

USD/JPY: MT bias is still slightly up but it is still consolidative ST testing now key 61.8% (76.97)

USD/CHF: Capped by reversal.0.9024/31 (ST rising wedge sup+61.8%) is ST pivot. Beware of a break below it

EUR/CHF: Pullback seen above 1.2304 (LT falling res) to reach 1.2474 top. Neutral/toppish now between them

GBP/USD : Stalled again on key 1.6104/84 (ST+MT 61.8%) & consolidative within slight ST falling flag for 38.2%

AUD/NZD: Still above key 1.3027/59 (LT rising wedge sup +MT 50%) for MT 61.8% (1.3233) within ST rising flag

AUD/USD: Rebound from key 1.0096 (MT falling channel res & MT pivot) but back on 61.8% (1.0166)

EUR/GBP: Weak below 0.8591/0.8633 (MT 61.8%+LT rising wedge sup) but ID flag break still calls for 0.8639

GBP/CHF: Toppish, stalling around 1.4454 top (ST pivot), key for 1.4700/92 but watch 1.4397 (ST rising flag sup)

GBP/CAD: Supportive but toppish around 1.6243 (ST triangle res), key for 1.6472 (2010 top) &1.6746 target then

USD/CAD : Toppish below ST 38.2% with doji reversal capping it but slightly up within intraday flag & above 61.8%

NOK/SEK: Risk of falling wave “C of ABC” persists but move below key 1.1659 & wave “A” low (1.1627) is needed

Click here to read the full report:

http://www.easyforexnews.net/wp-content/uploads/2011/11/MORNING_FX_TECH-11_15.pdf

 

BNP Paribas
Corporate & Investment Banking