Forex Technical Analysis 2012/10/02 (EUR/USD, GBP/USD, USD/CAD, NZD/USD) Forecast FX

09.02.2012

Forecast for February 10th, 2012

EUR/USD

The EUR/USD currency pair continues moving according to the forecast. At the moment we should expect the price to test the level of 1.3475, which may be a starting point of the correction to the channel’s lower border in the area of 1.3265. One can consider buying the pair with the tight stop near these levels. The target of the growth is the area of 1.3655. If the price leaves the channel, this case scenario will be cancelled.


GBP/USD

Pound fell down to the rising channel’s lower border, one can consider buying the pair near the level of 1.5765. The target of the growth is the level of 1.5965, the stop must be placed below 1.5750. If the price leaves the channel, this case scenario will be cancelled.


USD/CAD

Canadian Dollar continues moving inside the descending channel, we should expect it to fall down to the level of 0.9810. One can consider selling the USD/CAD currency pair near the level of 0.9995. If the price breaks the channel’s upper border, this case scenario will be cancelled.


NZD/USD

New Zealand Dollar is moving inside the rising channel, the target of the growth is the test of the level of 0.8500. One can consider buying the pair near the level of 0.8335. If the price breaks support level in the area of 0.8335, this case scenario will be cancelled.


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