Forex Technical Analysis 2011/02/11. EUR/USD,USD/CHF, NZD/USD, AUD/USD Forecast FX.

10.02.2011

EUR USD Forecast Feb 11 2011

In general, the movement of the EUR/USD currency was predictable. However, if the price breaks the level of 1.3600 there is a possibility of the descending trend. At the moment one can try to buy the pair with the tight stop. According to the eurusd analysis the target of the growth is the area of 1.3695.

EUR USD Forecast Feb 11 2011

USD CHF Forecast Feb 11 2011

As it is seen from the technical analysis usd chf Franc keeps testing local maximums. The rising channel has been broken, and it’s the first sign of a possible USD/CHF currency pair reverse. Also we have “head & shoulders” reversal pattern forming with the target in the area of 0.9434. One can try the tight stop sales.

USD CHF Forecast Feb 11 2011

NZD USD Forecast Feb 11 2011

In case of New Zealand Dollar we have rising Wolfe Wave forming with the target in the area of 0.7870.  Judging by the online forex nzdusd forecast you can try to buy the pair with the tight stop at current prices. If the price falls significantly to the level of 0.7630, one is recommended to close long positions.

NZD USD Forecast Feb 11 2011

AUD USD Forecast Feb 11 2011

As it can be seen from the aud usd analysis Australian Dollar keeps moving inside the rising channel. By now the pair has reached the rising channel’s lower border, and now we should expect the price to move upwards with the target in the area of 1.0231. But if the price breaks the channel’s border, this case scenario will be cancelled.

AUD USD Forecast Feb 11 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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