Technical analysis 2010/10/26 (EUR/USD, USD/CHF, NZD/USD, EUR/JPY)

26.10.2010

EUR USD Forecast, Oct 27 2010

The EUR/USD currency pair is moving according to eur usd technical analysis. Currently at the H4 forex online chart we can see “Wolfe Wave” pattern forming. When the price reaches the lower border of the descending channel, there will be an area to buy the pair according to the pattern. We can try to buy the pair starting from the 5th point of reference. The predicted target of the rising movement is the target of 1.44. We recommendyou to try to sell the pair today. The stop must be above 1.4000.

USD CHF Forecast, Oct 27 2010

In case of the USD/CHF currency pair we can see the rising pattern forming with the target in the area of 0.9911. Earlier here we had “head & shoulders” reversal pattern and at the moment this pattern still remains in effect. Judging by technical analysis usd chf, you can try to buy the pair with the tight stop below 0.9630.

NZD USD Forecast, Oct 27 2010

The way New Zealand Dollar is moving suggests that the price will reach a new maximum in the area of 0.7566. On the basis of nzdusd forecast, we recommend you to be ready to sell the pair. We should wait until the rising channel is broken and after that try to sell the pair with the stop above 0.7550.

EUR JPY Forecast, Oct 27 2010

The EUR/JPY currency pair keeps moving as a descending expansion pattern with the target in the area of 110.49. Judging by eur jpy analysis, you can try to sell the pair with the stop above 113.60. The estimated time of reaching the target of the pattern is October 28th.

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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