Forex Technical Analysis 2011/03/15. EUR/USD,GBP/USD, USD/CHF, AUD/USD Forecast FX.

14.03.2011

EUR USD Forecast March 15 2011

As it is seen from the eurusd analysis the EUR/USD currency pair has broken the descending channel, and at the moment we should expect the price to grow into the area of 1.4050. One can consider buying the pair with the stop below 1.3935. If the price breaks the channel’s lower border, this case scenario will be cancelled and the pair may fall to the level of 1.3870.

EUR USD Forecast March 15 2011

GBP USD Forecast March 15 2011

In case of Pound “head & shoulders” reversal pattern has already been formed and the neckline has been broken.  Judging by the gbpusd analysis one can try to buy the pair with the tight stop. But if the price breaks the neckline downwards, one will be recommended to close long positions.

GBP USD Forecast March 15 2011

USD CHF Forecast March 15 2011

In case of USD/CHF currency pair “head & shoulders” reversal pattern has also been formed, but here it represents a pattern of continued trend. According to the technical analysis usd chf the target of the fall is the area of 0.9157. The stop must be above 0.9350.

USD CHF Forecast March 15 2011

AUD USD Forecast March 15 2011

According to the aud usd analysis Australian Dollar keeps moving inside the “triangle”. The most possible forex online scenario is the price breaking the pattern upwards, the target of the growth in this case will be the area of 1.0530. However, one should consider buying the pair only after the price leaves the pattern.

AUD USD Forecast March 15 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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