Forex Technical Analysis 2010/11/18. EUR/USD, EUR/GBP, EUR/CHF, Index Euro, GBP/USD, USD/CHF, NZD/USD Forecast FX.

EUR USD Forecast Nov 19 2010

According to eurusd forecast the price hit the channel’s lower border and went up. At the moment we can see the formation of the divergence at the MCADindicator. One can try to buy the pair in the area of 1.3535 with the stop behind local minimum. The target of the rising pattern is the area of 1.4800-1.4900. Analysis of the EUR/CHF and EUR/GBP indicates that Euro may grow significantly.

EUR GBP Forecast Nov 19 2010

We can see the formation of the rising pattern with the target in the area of 0.8990.The pair is testing the channel’s lower border. We can expect the price to hit the border and start to go up. Judging by  eurgbp forecast you should consider buying the pair after the price leaves the descending channel.

EUR CHF Forecast Nov 19 2010

In case of the EUR/CHF we can see that the descending pattern has been completed. Currently we have “head & shoulders” reversal pattern forming with the target in the area of 1.5060. According to eur chf analysis you can try to buy the pair right now, but be careful, the price has not formed the right shoulder yet, so there is a possibility that the pairmay move a little bit lower.

Index Euro Forecast Nov 19 2010

The price has not reached the area where the 5th point of reference is formed, but Euro Index is slowly growing. As we can see, the RSI  forex online indicator hit the lower border of the rising channel and went back, so we should expect Index to grow to the area of 113.20 where the pattern is completed.

GBP USD Forecast Nov 19 2010

After the descending trend’s line has been broken at the RSI, one can try to buy the GBP/USD currency pair.  As we can see by  gbpusd forecast the target of the growth is the similar trend line at the price chart. The stop must be below local minimum.

USD CHF Forecast Nov 19 2010

Franc is fixed outside the lower border of the rising channel. Here we can also see a strong resistance level. Judging by  technical analysis usd chf you should try to sell the USD/CHF currency pair with the target in the area of 0.9585. The stop must be above 0.9950.

NZD USD Forecast Nov 19 2010

According to nzdusd forecast you should try to buy New Zealand Dollar in the area of 0.7750. We can the formation of the rising pattern with the target in the area of 0.7845. When buying in the above-mentioned area, we must place the stop below 0.7720. As an alternative scenario we can expect the price to move outside the channel’s lower border.