Technical analysis 2010/10/06 EUR/USD, USD/CHF, USD/CAD, NZD/USD, AUD/USD

06.10.2010

EUR USD Forecast, Oct 07 2010

The EUR/USD currency pair has almost completed the rising pattern at the H1 chart, judging  by technical analysis eur usd, we should expect the correction to the level of 1.3610 where we can try to buy the pair with the target of 1.4035. There aren’t any signals to sell the pair yet.

USD CHF Forecast, Oct 07 2010

Analysis usd chf shows, that Franc is continuing to move downwards. We have the descending pattern forming with the target in the area of 0.9587. One can try to sell the pair with the stop above 0.9680. Don’t forget to move stop into the black.

USD CAD Forecast, Oct 07 2010

Canadian Dollar is also moving according to the forex forecast usd cad, yesterday’s pattern has been completely formed. The daily forex online chart indicates that the descending trend will continue. There is a pattern with the target in the area of 0.9587.

NZD USD Forecast, Oct 07 2010

In case of the NZD/USD currency pair we have the rising pattern forming with the target in the area of 0.7682. According to nzd usd analysis, we should expect the price to move into the area of 0.7626 where the 4th point of reference will be formed, and then the final movement to the level of 0.7682.

AUD USD Forecast, Oct 07 2010

In case the RSI indicator is fixed behind the trend line, judging by analysis aud usd, you can try to buy the pair with the target in the area of 0.9980. So we wait until the trend line is broken, and after the price goes back to the broken line, one can try to buy the pair.

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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