Forex Technical Analysis 2011/01/09 (EUR/USD, GBP/USD, USD/CHF, OIL) Forecast FX

31.08.2011

Forecast for September 1st, 2011

EUR/USD

The EUR/USD currency pair keeps moving inside the descending channel, the target of the fall is the area of 1.4367. One can consider selling the pair with the tight stop above 1.4465. But if the price breaks the level of 1.4485, this case scenario will be cancelled.


GBP/USD

The GBP/USD currency pair also keeps moving downwards according to the forecast. The price testing the trend’s descending line at the RSI is a signal to sell the pair, we should expect the price to rebound from t and start moving downwards. The target of the fall is the area of 1.6120. But if the price breaks the descending channel’s upper border, this case scenario will be cancelled.


USD/CHF

Franc is moving inside the rising pattern with the final target in the area of 0.8277. At the moment the price is testing the channel’s lower border, one can try to buy the pair with the tight stop. But if the price breaks the level of 0.7945, this case scenario will be cancelled.


OIL

Oil keeps moving inside the descending pattern. At the moment we should expect the price to fall down into the area of 73.23. The price testing the trend’s descending line at the RSI is an additional signal to sell the instrument. But if Oil grows higher than 90, 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