Forex Technical Analysis 2011/01/04. EUR/USD,GBP/USD, USD/CHF, AUD/USD, NZD/USD Forecast FX.

04.01.2011

EUR USD Forecast Jan 05 2011

The EUR/USD currency pair is moving according to the eurusd forecast, and currently we see that the rising pattern with the target in the area of 1.3449 is still being formed. One can try to buy the pair with the stop below 1.3325. Don’t forget to move stops into the black as soon as possible.

GBP USD Forecast Jan 05 2011

As it is seen from the gbpusd forecast Pound also keeps moving upwards with the target in the area of 1.5691. The RSI forex online indicator was supported by the trend’s rising line, one should expect the rising trend to continue.

USD CHF Forecast Jan 05 2011

In case of the USD/CHF currency pair we have the descending pattern forming with the target in the area of 0.9215. The pair keeps moving as a descending channel. Judging by the technical analysis usd chf one can try to sell the pair with the tight stop above 0.9465.

AUD USD Forecast Jan 05 2011

At the moment Australian Dollar is testing the rising channel’s lower border, where we can try to buy the pair with the target in the area of 1.0315. According to the aud usd analysis the stop in this case must be below 1.0055. If the price breaks the channel’s lower border, this case scenario will be cancelled.

NZD USD Forecast Jan 05 2011

The NZD/USD currency pair has also been corrected. Judging by the nzdusd forecast we can try to buy it at current prices with the target in the area of 0.7855. The stop must be below 0.7660. If the price breaks the lower border one is recommended to close long positions.

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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