Forex Technical Analysis 2012/03/09 (EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD) Forecast FX

31.08.2012

Forecast for September 3rd, 2012

EUR/USD

The EUR/USD currency pair continues moving inside the ascending channel, the price has broken “triangle” pattern upwards. The pair is expected to continue growing up, the target of the growth is the area of 1.2650. One can consider buying Euro near the level of 1.2575. If the price falls down lower than 1.2485, this scenario will be cancelled.



GBP/USD

The GBP/USD currency pair is moving inside the ascending channel, the price is expected to continue growing up. The test of the ascending trendline at the RSI at the daily chart is a signal to buy Pound. There is a strong support level in the area of 1.5760. The closest target of the growth is the area of 1.5960, one can consider buying the pair from the current levels.



USD/CHF

The USD/CHF currency pair continues moving inside the descending channel. The price has broken the support level in the area of 0.9555 and is expected to continue falling down. The target of the fall is the area of 0.9495. One can consider selling Franc from the current levels with the stop above 0.9580.



AUD/USD

Australian Dollar has tested the ascending channel’s lower border and currently the price continues growing up. The closest target of the growth is the area of 1.0455. One can consider buying the pair with the tight stop. If the price falls down lower than 1.0280, this scenario will be cancelled.



NZD/USD

New Zealand Dollar continues moving inside the ascending channel. The price has rebounded from the channel’s lower border, we should expect it to start growing up. The closest target of the growth is the area of 0.8215. The test of the ascending trendline at the RSI is an additional signal of the growth. If the price falls down lower than 0.7960, this 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.

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