Daily Market Overview: GBP/USD

Note: This section contains information in English only.
Source: Dukasocopy
© Dukascopy

Daily maximum: 1.5691

Daily minimum: 1.5582

S1 at 1.5567 has successfully repelled price's attack and has sent it up to 1.5681. The present rally is though unlikely to climb over the latter level, which is reinforced by 55-hour exponential moving average. Since most of indicators are neutral or mutually exclusive, it is expected to continue trading sideways and no extensive movements are thus foreseen in the nearest future.

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Tue, 22 Nov 2011 16:58:03 GMT

Daily Market Overview: USD/CHF

Following a dip down to 0.9107, being a second daily support level the currency pair has bounced off it and surged. However, this effect was only temporary and did not last for long, as the rally was halted by 20-hour exponential moving average which is just above the current price at the moment. Anyhow, the long-term bias stays bullish and recent failures are likely to

Tue, 22 Nov 2011 17:07:50 GMT

Daily Market Overview: EUR/USD

Despite the fact that the most part of the day the currency couple has been trading above pivot point at 1.3484, being a bullish sign, EUR/USD was not able to penetrate resistance located at 1.3554/68 today. This signifies continuation of the downtrend and the current outlook therefore remains bearish. At the moment the price for 1 unit of the European currency is 1.3521 American Dollars.

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