Forex Technical Analysis 2011/01/28. EUR/USD,GBP/USD, AUD/USD, NZD/USD Forecast FX.
EUR USD Forecast Jan 28 2011
While the EUR/USD currency pair is inside the rising channel, one should consider buying Euro. As it is seen from the eurusd forecast the closest target of the growth is the area of 1.3870. We can try to buy the pair with the tight stop. But if the price leaves the channel, one is recommended to close long positions.
GBP USD Forecast Jan 28 2011
Pound keeps moving upwards. At the hourly chart we can see the formation of the rising pattern with the target in the area of 1.5959. Judging by the gbpusd forecast you can try to buy the GBP/USD currency pair with the tight stop during a short term period. However, one shouldn’t forget that the main target of the rising pattern is in the area 1.61 at the H4 chart.
AUD USD Forecast Jan 28 2011
At the M15 forex online chart of Australian Dollar we have the descending pattern forming with the target in the area of 0.9843. According to the aud usd analysis you can try to sell the pair at current prices. If the price breaks the channel’s upper border, one should close short positions.
NZD USD Forecast Jan 28 2011
New Zealand Dollar also keeps moving upwards. At the moment the price is testing the channel’s lower border, and one can try to buy the pair with the stop below 0.7670. As it is seen from the nzdusd forecast the target of the growth is the area of 0.7785.
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.