Forex Technical Analysis 2011/01/25. EUR/USD,GBP/USD, NZD/USD, AUD/USD Forecast FX.

24.01.2011

EUR USD Forecast 25 2011

As it seen from the eurusd forecast the EUR/USD currency pair keeps moving upwards. At the moment we have the rising pattern forming with the target in the area of 1.3795. One should consider buying the pair near the level of 1.3530. If the price breaks the lower border we recommend you to close long positions.

EUR USD Forecast 25 2011

GBP USD Forecast 25 2011

In case of Pound the price has broken the descending channel, but hasn’t grown much. At the m30 forex online chart we can see the formation of the rising pattern with the target in the area of 1.6048. According to the gbpusd forecast you can try to buy the GBP/USD currency pair with the tight stop. If the price breaks the trend’s rising line, this case scenario will be cancelled and we recommend you to stop buying.

GBP USD Forecast 25 2011

NZD USD Forecast 25 2011

New Zealand Dollar is moving inside the descending channel, the price hit the lower border and moved a bit up.  As it is seen from the nzdusd forecast the closest target of the growth is the area of 0.7725.Then, near the upper border, one can consider selling the pair with the target of 0.7490.

NZD USD Forecast 25 2011

AUD USD Forecast 25 2011

After a significant fall of Australian Dollar, we can see the signs of reverse. The target of the growth is the area of 0.9935,  judging by the aud usd analysis you can try to buy the pair with the tight stop. The stop must be below 0.9865. If the price breaks the rising channel, this case scenario will be cancelled.

AUD USD Forecast 25 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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