Home | Who Is Forex Joe? | Music Download | Files | Hot News

Friday, 11 March 2011

Forex Technical Analysis 2011/03/11. EUR/USD,Dollar Index, GBP/USD, USD/CHF Forecast FX.

EUR USD Forecast March 11 2011

As it is seen from the eurusd analysis the EUR/USD currency pair keeps moving downwards. By the moment the pair has completed symmetrical pattern, and one can consider buying it only after the price leaves the descending channel. The target of the growth is still the area of 1.4135, however, there are some signs of a trend reverse.

Dollar Index Forecast March 11 2011

Dollar Index was supported by the “triangle’s” lower border at the weekly online forex trading chart. There are two possible scenarios. The first scenario is the breaking of the “triangle” downwards with the target of the fall in the area of 67. The second is the price growing to the “triangle’s” upper border.

GBP USD Forecast March 11 2011

Pound has also completed symmetrical pattern, but one is recommended to buy the pair only after the price leaves the descending channel. The stop must be behind local minimum. According to the gbpusd analysis the target of the growth is the area of 1.6412.

USD CHF Forecast March 11 2011

In case of Franc the situation is simpler. We have “head & shoulders” reversal pattern forming with the target in the area of 0.9157. Judging by the technical analysis usd chf you can either try to sell the pair at current prices with the stop above 0.9365, or wait for the neckline to be broken and consider opening short positions.

The Forex system is a relatively easy one to understand at its basic level but it can also be as intricate as you can possibly imagine. What the system actually is, is a way of trading currency from various parts of the world.

Airways International - online reservations and airline ticket purchase, flight schedule, and packages.

High Power, Low Cost Web Hosting
best vps hosting best cpanel hosting best web hosts best web hosting reseller best ecommerce web hosting best hosting control panel best domain name host best domain hosting


Post a Comment


Get free TemplateThemes Good
Theme designed byBlogger Tutorial