Forex Technical Analysis 2011/02/21. EUR/USD,GBP/USD, USD/CHF, AUD/USD Forecast FX.

18.02.2011

EUR USD Forecast Feb 21 2011

As it is seen from the eurusd analysis the EUR/USD currency pair is moving inside the rising Wolfe Wave with the target in the area of 1.3900. At the moment there is a signal to buy the pair. The RSI forex online indicator has broken the descending trend’s line, so we can expect the indicator to grow. But if the indicator falls to the level of 40, this case scenario will be cancelled.

EUR USD Forecast Feb 21 2011

GBP USD Forecast Feb 21 2011

Pound keeps moving inside the rising channel, and the target of the growth is the area of 1.6300. Judging by the gbpusd analysis you can try to buy the pair with the tight stop. If the price breaks the channel’s lower border, this case scenario will be cancelled, and we recommend you to close long positions.

GBP USD Forecast Feb 21 2011

USD CHF Forecast Feb 21 2011

In case of Franc we have the descending symmetrical pattern forming with the target in the area of 0.9400.  According to the  technical analysis usd chf one can consider selling the USD/CHF currency pair with the stop above 0.9540. Conservative traders are advised to wait until the price tests the channel’s upper border and then open short positions.

USD CHF Forecast Feb 21 2011

AUD USD Forecast Feb 21 2011

Australian Dollar is testing the rising channel’s lower border. According to the aud usd analysis you can try to buy the pair with the target in the area of 1.0195, the stop must be below 1.0075. But if the price breaks the channel’s border, this case scenario will be cancelled.

AUD USD Forecast Feb 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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question