Forex Technical Analysis 2012/13/01 (EUR/USD, GBP/USD, USD/CHF, AUD/USD, GBP/CHF) Forecast FX

12.01.2012

Forecast for January 13th, 2012

EUR/USD

The EUR/USD currency pair continues moving inside the descending pattern, the closest target of the growth is the area of 1.2875. The main scenario is: the price moves to the channel’s upper border and breaks it. The alternative one is: the price starts falling down from the channel’s upper border to the target in the area of 1.2543.


GBP/USD

Pound was supported by the trend’s rising line at the RSI, we should expect it to rebound and start moving upwards with the target in the area of 1.5760. One can consider buying the pair with the tight stop. If the price breaks the trend’s rising line at the RSI, this case scenario will be cancelled.


USD/CHF

In case of Franc the situation is a bit similar to Euro, but vice versa. We should expect the price to fall down to the channel’s lower border in the area of 0.9420, where one can consider buying the pair with the tight stop. But if the price breaks the lower border and leaves the channel, one can consider opening short positions with the target in the area of 0.9310.


AUD/USD

The AUD/USD currency pair continues moving upwards according to the forecast. Currently we should expect the price to continue moving upwards with the target in the area of 1.0545. One can consider buying the pair with the tight stop. If the pair falls lower than 1.0280, this case scenario will be cancelled.


GBP/CHF

At the daily chart of the pair we have “head & shoulders” reversal pattern forming at the RSI. We should expect the price to fall down after the neckline is broken. If the RSI indicator grows higher than 70, this case scenario will be cancelled. One can try aggressive sales at current prices.


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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question