Technical Analysis 24.09 (EUR/USD, GBP/USD, USD/CHF, AUD/USD)

24.09.2010

EUR USD Forecast

Analysis eurusd shows, that we should expect the price to move downwards into the area of 1.3170. After the channel is broken one can try to buy the pair with the stop below 1.3130 and the target of 1.3500.The breaking of the local maximum in the area of 1.3430 will lead to the situation when this case scenario will be cancelled.

GBP USD Forecast

Pound still has not been able to reach the targets in the area of 1.5773. As you can see by forex trading technical analysis gbp usd the rising channel has not been broken yet, so there is a good chance that it will be completely formed. One can try to buy the pair with the tight stop starting from the channel’s lower border.

USD CHF Forecast

Tecnical analysis usd chf shows that franc keeps moving downwards. At the moment we can see the descending pattern formed with the target in the area of 0.9715. One can try to sell the pair with the stop above 0.9865.

AUD USD Forecast

The trend line has been broken at the RSI indicator, meaning that the similar line has been tested at the daily chart; for us it is the area of 0.9320. From the viewpoint of aud usd analysis you can try to sell the pair with the stop above 0.9570. Don’t forget to move stop into the black as soon as possible.

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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