Forex Technical Analysis 2011/01/19. EUR/USD, GBP/USD, USD/CHF, NZD/USD Forecast FX.
EUR USD Forecast Jan 19 2011
As it was expected, the EUR/USD currency pair started to grow. According to the eurusd forecast there is a potential for the development of the rising movement. The target of the growth is the area of 1.3730. One can consider buying the pair with the tight stop. Don't forget to move stop into the black as soon as possible.
GBP USD Forecast Jan 19 2011
As it is seen from the gbpusd forecast the GBP/USD currency pair has reached the level of 1.6000, which was defined earlier. Currently we can expect the price to be corrected into the area of 1.5851 where we can try to buy the pair with the target of 1.6141. An alternative scenario will be a situation when the price breaks the rising channel.
USD CHF Forecast Jan 19 2011
At the H4 online forex trading chart of the USD/ CHF currency pair we have "head & shoulders" reversal pattern forming with the target in the area of 0.9423. One should consider selling the pair while the price is testing the neckline. According to the technical analysis usd chf the stop must be above 0.9645.
NZD USD Forecast Jan 19 2011
There is a strong possibility that the rising pattern will be formed. According to the nzdusd forecast the closest target of the growth is the area of 0.8100 where we should expect the price to start moving down into the area of 0.7844. Near the rising channel's lower border we can consider buying New Zealand Dollar during long term period. However, if the price breaks the channel borders, one is recommended to stop buying the pair.
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.