Forex Technical Analysis 2012/13/06 (EUR/USD, GBP/USD, USD/CHF, USD/CAD) Forecast FX
12.06.2012
Forecast for June 13th, 2012
EUR/USD
The EUR/USD currency pair continues moving inside the ascending channel. The RSI indicator was supported by the channel’s lower border, we should expect it start moving upwards. One can consider buying the pair with the tight stop. If the price falls down lower than 1.2470, this scenario will be cancelled.
GBP/USD
At the H1 chart of the GBP/USD currency pair the price is forming “triangle” pattern. After the price breaks the pattern’s upper border one can consider buying the pair with the tight stop below 1.5460. We recommend to increase the amount of purchases only after the price breaks the level of 1.5625. The target of the pattern is the area of 1.5755.
USD/CHF
The USD/CHF currency pair continues moving inside the descending channel. One can consider selling the pair with the tight stop. The target of the fall is the area of 0.9360, the stop should be placed above 0.9695. We recommend to increase the amount of sales only after the price breaks the level of 0.9470.
USD/CAD
Canadian Dollar is moving according to the forecast, one can consider selling the pair from the current levels. The target of the fall is the area of 1.0110. One is advised to increase the amount of sales only after the price breaks the level of 1.0235. If the pair grows up higher than 1.0370, this scenario will be cancelled.
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.