Forex Technical Analysis 2011/01/21. EUR/USD, GBP/USD, USD/CHF, AUD/USD Forecast FX.

20.01.2011

EUR USD Forecast Jan 21 2011

The EUR/USD currency pair keeps growing with slight corrections. According to the eurusd forecast we should expect the price to move to the rising channel’s lower border, the area of 1.3345 where we can consider buying the pair with the target of 1.3600. But if the price leaves the channel, one is recommended to close long positions.

EUR USD Forecast Jan 21 2011

GBP USD Forecast Jan 21 2011

In case of the GBP/USD currency pair we have the descending pattern forming with the target in the area of 1.5888. Judging by the gbpusd forecast one should consider selling the pair starting from the level of 1.6015, the stop must be above 1.6025. If the price breaks the channel’s upper border, we recommend you to close short positions.

GBP USD Forecast Jan 21 2011

USD CHF Forecast Jan 21 2011

At the hourly forex online chart of the USD/CHF currency pair we can see the formation of the “failure swing” reversal signal at the RSI. As it is seen from the technical analysis usd chf the closest target of the growth is the area of 0.9675. Then we should expect Franc to be corrected to the channel’s border and continue growing to the level of 0.9800.

USD CHF Forecast Jan 21 2011

AUD USD Forecast Jan 21 2011

Australian Dollar fell a bit lower than it was expected, however the pair keeps moving inside the rising channel. Currently we have the rising pattern forming with the target in the area of 1.0135.  Judging by the aud usd analysis one can try to buy the pair near the level of 0.9925. If the price continues to move down and breaks the channel’s lower border, one is recommended to close long positions.

AUD USD Forecast Jan 21 2011
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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