EUR USD Forecast Feb 25 2011

The price has tested the neckline today. According to the eurusd analysis at the moment we should expect the price to grow into the area of 1.3880, to be corrected to the level of 1.3706, and then to grow again into the area of 1.3955. One can try to buy the pair with the tight stop below 1.3740. Don’t forget to move stop into the black as soon as possible.

Dollar Index Forecast Feb 25 2011

In case of Dollar Index we have the descending movement that matches the existing significant growth of Euro. The daily online forex trading chart  indicates that the price may continue moving downwards to the area of 77.80, i.e. right now the Index is in the very beginning of the fall. That’s why one should try to sell all of the Dollar currency pairs.

USD CHF Forecast Feb 25 2011

As it is seen from the technical analysis usd chf Franc has broken the “triangle’s” lower border, and we should expect the price to keep moving downwards. However, at the moment the price may grow to the level of 0.9295, where we can try to sell the pair with the stop above 0.9310.The target of the fall is the area of 0.9204. If the pair grows higher than the descending channel’s upper border, this case scenario will be cancelled.

AUD USD Forecast Feb 25 2011

Australian Dollar hit the support line and went away from it. At the moment we have the rising symmetrical structure forming with the target in the area of 1.0098. Judging by the aud usd analysis you can try to buy the AUD/USD currency pair with the tight stop below 1.0035.

EUR USD Forecast Feb 08 2011

As it is seen from the eur usd analysis the EUR/USD currency pair has reached all the targets of the descending pattern and currently is testing the rising channel’s lower border. We should expect the price to hit it, go back and start moving upwards. One can try to buy the pair with the tight stop. The target of the growth is the area of 1.4135. But if the price is fixed outside the channel, this case scenario will be cancelled.

USD CHF Forecast Feb 08 2011

Although Franc is still moving upwards, at the daily forex online chart the possibility of the upward movement is limited by the trend’s descending line at the price and a similar resistance line at the RSI.  According to the technical analysis usd chf we should expect Franc to fall from the current prices to, at least, the bottom of the “triangle” pattern which is being formed at the moment. Then we should wait for the price to break the pattern, and only after that make any decisions on the pair.

AUD USD Forecast Feb 08 2011

According to the aud usd analysis  Australian Dollar keeps moving inside the rising pattern with the target in the area of 1.0225. Currently we have “head & shoulders” reversal pattern forming with the target in the area of 0.9982. The level of 1.0037 is a spot for the 5^th point of reference, we should consider buying Australian Dollar with the tight stop from here. If the price breaks the rising channel, this case scenario will be cancelled.

EUR JPY Forecast Feb 08 2011

In case of the EUR/JPY currency pair we have the descending pattern forming with the target in the area of 110.00.  Judging by the eur jpy analysis you can try to sell the pair with the stop above 112.25. The test of the trend’s descending line (which is resistance line here) at the RSI is one more signal to sell the pair. But if the price breaks the line, one is recommended to close short positions.

EUR USD Forecast Feb 04 2011

On the basis of the eurusd analysis one should try to buy the EUR/USD currency pair with the tight stop while the price is testing the rising’s channel lower border. There is a possibility that the price will continue growing, but not much. The closest target is the area of 1.4030. If the price breaks the lower border, one is recommended to close long positions.

GBP USD Forecast Feb 04 2011

In case of Pound we should expect the price to be corrected to the area of 1.6061 where we can try to buy the pair with the tight stop. According to the gbpusd analysis the target of the growth is the level of 1.6300. If the price leaves the channel, this case scenario will be cancelled. 

USD CHF Forecast Feb 04 2011

Franc is testing the channel’s upper border, which is a resistance line here. Here we also have “head & shoulders” online forex trading reversal   pattern forming. Judging by the technical analysis usd chf one can try to buy the pair only after the price breaks the channel’s upper side. If the price falls down to the level of 0.9390, one should consider selling the pair.

AUD USD Forecast Feb 04 2011

According to the aud usd analysis Australian Dollar keeps moving inside the rising symmetrical pattern with the targetin the area of 1.0180. At the moment we should expect the price to fall to the level of 0.9990 where the 5^th point of reference is formed. Here one can try to buy the pair with the tight stop.

USD CAD Forecast Feb 04 2011

In case of Canadian Dollar the closest target of the fall is the area of 0.9770.  According to the usd cad analysis any type of correction should be considered as a good opportunity to sell the pair. Take into account that the correction may continue up to the level of 0.9955.

Oil Forecast Feb 04 2011

In case of OIL the final target of the growth is the area of 95.45. After the target in this area is reached, the price may be corrected to the level of 77.55. Judging by the oil analysis if the price breaks the rising channel or starts to form a reversal pattern at shorter periods of time, it will be a good signal to sell.

Euro Index Forecast Feb 02 2011

In case of  Euro  Index we have a situation which is in favour of Euro’s growth. At the daily forex online chart we can see that “head & shoulders” reversal pattern with the target in the area of 110.46 has been already formed. Currently the price is in the area of the 5th point of reference, where we should expect Euro Index to continue moving upwards.

EUR USD Forecast Feb 02 2011

The EUR/USD currency keeps moving according to the eur usd analysis. The final targets remain the same. At the moment one can try to buy the pair with the target in the area of 1.3840. The stop must be below 1.3695. If the price breaks the rising channel, this case scenario will be cancelled.

GBP USD Forecast Feb 02 2011

Pound is also moving according to the gbp usd analysis. The first target has been reached, we should expect the price to keep moving upwards. At the hourly chart of the pair we have the symmetrical pattern forming with the main targeton the area of 1.6345. The closest target of the growth is the level of 1.6270. At this level the pair is expected to be corrected to the channel’s lower border, 1.6145, and then to start growing again.

GOLD Forecast Feb 02 2011

In case of GOLD we can see that formation of “head & shoulders” reversal pattern is almost finished. We must wait until the neckline is broken and expect the price to grow into the area of 1386. The stop must be below 1320.

EUR USD Forecast Feb 01 2011

According to the eurusd analysis the EUR/USD currency pair is testing the rising channel’s lower border, and we should expect the price to start moving upwards. The first target of the growth is 1.3850, then, the main target of the rising pattern - 1.4095.One can try to buy thepair with the tight stop. If the price leaves the channel, we can expect the pair to move down and a possible change of the trend as well.

GBP USD Forecast Feb 01 2011

As it is seen from the forex online gbpusd analysis pound is still inside the rising pattern. One can consider buying the GBP/USD currency pair with the stop below 1.5815. We should increase the amount of long positions only after the price breaks the neckline. But if the price breaks the trend’s rising line and moves down into the area of 1.5740, this case scenario will be cancelled.

USD CHF Forecast Feb 01 2011

In case of the USD/CHF currency pair we can see that the descending pattern with the main target in the area of 0.9120 is still being formed. Currently we should expect Franc to fall into the area of 0.9205 where the 4^th point of reference is formed.  According to the technical analysis usd chf you can try final sales of the pair in the area of 0.9350 only. But if the price breaks the descending channel, this case scenario will be cancelled.

GOLD Forecast Feb 01 2011

In case of GOLD all the targets of the descending patterns have been reached. At the moment we have “head & shoulders” reversal pattern forming with the target in the area of 1386. We should expect the price to fall to the level of 1325 where we can try to buy GOLD with the tight stop below 1316. The final target of the growth is the area of 1500, so don’t be in a hurry to capture the profit from long positions.