JBD Forex

Forecast for May 13th, 2011

2011-05-13T00:37:00.002+05:30

AUD/USD

Australian Dollar has reached all the targets of “failure swing” reversal pattern. Currently we should expect the price to keep moving downwards to the level of 1.0510. One can consider selling the pair at current levels with the stop above 1.0645.

Forecast for May 13th, 2011

2011-05-13T00:37:00.001+05:30

USD/CAD

Canadian Dollar is forming the right “shoulder” of “head & shoulders” reversal pattern. One can consider buying the USD/CAD currency pair with the tight stop below 0.9615 near the level of 0.9640. After the price breaks the neckline, we can increase the amount of long positions.

Forecast for May 13th, 2011

2011-05-13T00:37:00.000+05:30

USD/CHF

Franc is moving inside the rising channel. We should expect the pair to keep growing to the level of 0.8960 and can consider buying it with the tight stop. If the price breaks the channel’s lower border and leaves it, this case scenario will be cancelled.

Forecast for May 13th, 2011

2011-05-13T00:36:00.000+05:30

EUR/USD

All currency pairs are moving according to the forecast. At the moment one can consider selling the EUR/USD currency pair with the target in the area of 1.3750. The stop must be above 1.4240. If the price breaks the channel’s upper border, this case scenario will be cancelled.

Forex Technical Analysis 2011/02/05 (EUR/USD, USD/CHF, AUD/USD) Forecast FX

2011-05-01T00:17:00.000+05:30

EUR/USD

The EUR/USD currency pair keeps moving inside the rising pattern with the final target in the area of 1.5050. Currently we should expect the price to grow to the level of 1.4920, which may be a starting point of the correction to the 5th point of reference in the area of 1.4600. One can try to buy Euro during a long term period near the channel’s lower border. But if the price breaks the channel’s lower border, this case scenario will be cancelled.

USD/CHF

Franc is moving inside the descending channel, the target of the fall is the area of 0.8571. One can try the tight stop sales. If the price breaks the channel’s upper border, this case scenario will be cancelled.

AUD/USD

Australian Dollar keeps moving upwards, the target of the growth is still the area of 1.1046. By the moment the AUD/USD currency pair has broken the symmetrical triangle upwards. One can try to buy the pair with the tight stop. If the price breaks the channel’s lower border, this case scenario will be cancelled.