eurusd14112011.png

 Current level - 1.3705

The pair is in a broad consolidation pattern below 1.4580 resistancearea and current sell-off from 1.4550 is expected to be the final slideto complete that pattern. Technical indicators on the larger frames areneutral and trading is situated betweenthe 50 and 200 dailySMAs,currently projected at 1.4301  and 1.4020.

The recent break above 1.3660 signals, that a possible bottom is inplace at 1.3483, so current outlook is positive while trading takesplace above 1.3660, for a break through 1.3814, en route to 1.3950. Theintraday bias is still negative with a static resistance at 1.3740. 

Key Market Levels
1.3740 1.3814 1.3860 1.3950
1.3660 1.3483 1.3361 1.3145

__________

usdjpy09112011.png

 Current level - 76.95

The overall downtrend continues to be intact, aiming at new historicallows below 75.95. Technical indicators are still descending and crucialresistance on the daily frame is 80.20.

The outlook here remains negative for 76.50 support area. Initial resistance is projected at 77.07 and crucial is 77.30. 

Key Market Levels
77.07 77.90 80.+ 81.50
76.50 76.50 75.75 74.20

__________

gbpusd14112011.png

 Current level - 1.5922

The pair is in a downtrend from 1.6616 high. Technical indicators aredescending and trading is situated below the50- and 200-day SMA, currently projected at 1.6209 and 1.6098.

With the Friday's break above 1.5980, the negative bias hasswitched back to neutral and trading remains in ranging mode above1.5850 major support, capped at 1.6110 dynamic resistance on theupside. The intraday outlook is negative, but a reversal above 1.5850is to be expected, for a rise towards 1.6090, en route to 1.6250. 

Key Market Levels
1.6090 1.6131 1.6250 1.6440
1.5853 1.5680 1.5680 1.5270

Source http://www.fxstreet.com/technical/analysis-reports/forex-economic-analysis/2011-11-14.html



Improve Your Trading Skills

forexforbeginners

"Simply a Must Read for Every Serious Forex Beginner"

Available at Amazon

Now also for Kindle 

get forex book