Forex Technical Analysis 2011/04/06 (EUR/USD, GBP/USD, USD/CHF, NZD/USD) Forecast FX.
Forecast for April 6th, 2011
EUR/USD
The closest target of the growth is still the area of 1.4380. One can try to buy the EUR/USD currency pair with the tight stop. If the price breaks the channel’s lower border, we will recommend you to stop buying the pair. The final target of the growth is the area of 1.4450.
GBP/USD
One should consider buying the GBP/USD currency pair in the area of 1.6140, the target of the growth is the area of 1.6315. If the price breaks the channel’s lower border, this case scenario will be cancelled. At the moment we should expect the pair to grow to the level of 1.6280 and then to be corrected to the channel’s lower border.
USD/CHF
In case of Franc we should wait for the price to break the rising channel and then try to sell the pair with the target in the area of 0.8890. The stop must be above 0.9265. But if the price reaches a new local maximum at the level of 0.9345, this case scenario will be cancelled.
NZD/USD
One can try to buy New Zealand Dollar at current prices with the stop below 0.7655. The target of the growth is the area of 0.7789. If the price breaks the rising channel’s lower border, this case scenario will be cancelled.
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.