Forex Technical Analysis 2011/01/26. EUR/USD,GBP/USD, USD/CHF, NZD/USD Forecast FX.

25.01.2011

EUR USD Forecast Jan 26 2011

According to the eurusd forecast the EUR/USD currency pair keeps moving inside the rising pattern. One can consider buying Euro near the rising channel’s lower border, the level of 1.3550. The target of the growth is the area of 1.3830. If the price breaks the channel’s border, we recommend you to stop buying.

GBP USD Forecast Jan 26 2011

As it can be seen from  the gbpusd forecast pound has completed the descending pattern, and at the moment the price is in the area of the 5th point of reference, where we should expect the pair to start growing again. The target of the rising pattern is the area of 1.6120. One can consider buying Pound with the tight stop.

USD CHF Forecast Jan 26 2011

In case of the USD/CHF currency pair we have the descending pattern forming with the target in the area of 0.9390. According to the technical analysis usd chf the price is moving inside the descending channel and currently testing the channel’s upper border where we can try to sell the pair with the stop above 0.9525.

NZD USD Forecast Jan 26 2011

New Zealand Dollar keeps moving upwards. The closest target of the growth is the area of 0.7715. At the moment the pair is testing the rising channel’s lower border, we can expect the price to hit it and go up again. Judging by the forex online nzdusd forecast you can try to buy the NZD/USD currency pair with the stop below 0.7615.

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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