Forex Technical Analysis 2011/02/28. EUR/USD, USD/CHF, AUD/USD, NZD/USD Forecast FX.
EUR USD Forecast Feb 28 2011
As it is seen from the eurusd analysis the EUR/USD currency pair keeps moving inside the rising channel. One can consider buying the pair from in the area of 1.3715. The closest target of the growth is the area of 1.4000. If the price breaks the channel’s lower border, this case scenario will be cancelled and we will recommend you to close long positions.
USD CHF Forecast Feb 28 2011
Franc has almost reached the area where we can try to sell the pair. One can consider opening short positions on the pair in the area of 0.9306. According to the technical analysis usd chf the target of the fall is the area of 0.9206, where the symmetrical pattern is completed. One more possible scenario is the price breaking the channel’s upper border.
AUD USD Forecast Feb 28 2011
In case of Australian Dollar we have a rising symmetrical pattern forming with the target in the area of 1.0156. According to the forex online aud usd analysis you can consider buying the AUD/USD currency pair in the area of 1.0075. If the price breaks the channel’s lower border, this case scenario will be cancelled and we will recommend you to close long positions.
NZD USD Forecast Feb 28 2011
As we can see from the nzdusd forecast New Zealand Dollar is also moving inside the rising channel with the target in the area of 0.7534. One can try to buy the pair at current prices, the stop must be below 0.7470. Don’t forget to move stop into the black as soon as possible.
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.