Forex Technical Analysis 2011/03/01. EUR/USD, GBP/USD, AUD/USD, NZD/USD Forecast FX.
EUR USD Forecast March 01 2011
The EUR/USD currency pair keeps moving according to the eurusd forecast. The price has started to grow and currently the closest target of the growth is the area of 1.3985. One can try to buy the pair with the tight stop, but don’t forget to move stop into the black as soon as possible.
GBP USD Forecast March 01 2011
As it is seen from the gbpusd analysis Pound is moving inside the rising channel, and the price is testing the channel’s lower border. At the moment we should expect the pair to start moving to the channel’s upper border. The target of the growth is the area of 1.6490, and the stop must be below 1.6005. One can consider buying the pair near the channel’s lower border.
AUD USD Forecast March 01 2011
Australian Dollar is very close to the “triangle’s” upper border. After the pattern is broken, the price will move to the target in the area of 1.0480. At the RSI the pattern has been already broken, so we should expect the price to grow at the price online forex chart. According to the aud usd analysis the stop must be below 1.0105.
NZD USD Forecast March 01 2011
New Zealand Dollar keeps moving inside the rising channel. Currently the closest target of the growth is the area of 0.7585. Judging by the nzdusd forecast you can try to buy the pair with the tight stop. But if the price breaks the channel’s lower border, this case scenario will be cancelled and we will recommend you to close long positions.
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.