Thread: InstaForex Wave Analysis

USD/JPY Intraday Technical Levels for July 19, 2012



TODAY's TECHNICAL LEVELS:

Resistance. 3: 79.08.

Resistance. 2: 78.92.

Resistance. 1: 78.77.

Support. 1: 78.58.

Support. 2: 78.42.

Support. 3: 78.26.


DESCRIPTION:
Please, pay attention to the levels of support. 3 (78.26) and resistance. 3 (79.08), in general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found trends today.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

AUD/USD Wave Analysis July 19, 2012



AUD/USD Elliott Wave
The AUD/USD pair was trading in a strong upward move for the last few weeks developing impulsive wave (3) (coloured green). Yesterday during the European session we could observe a descending movement towards the 1.0287 level where this currency pair found support and the price started pushing higher. Therefore, during the New York session we could see a strong ascending move that brought the AUD/USD pair to the new high around 1.0375 level. Today this currency pair continued trading in a bullish mood and we are expecting to see the price above 1.0500 soon. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0100-1.0248-1.0204) with Take Profit 1 at 1.0445 (161.8% of wave 1) and Take Profit 2 at 1.0502(200% of wave 1). Support at 1.0330 point can be used as Stop Loss. Also it is necessary to monitor the U.S. Unemployment Claims, Existing Home Sales and Philly Fed Manufacturing Index data that can change the rate of the pair.
Support and Resistance
(S3) 1.0256 (S2) 1.0289 (S1) 1.0309 (PP) 1.0341 (R1) 1.0374 (R2) 1.0394 (R3) 1.0426
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.0390 with Stop Loss 1.0330 Take Profit 1 at 1.0445 and Take Profit 2 at 1.0502 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

USD/CAD Wave Analysis July 19, 2012



USD/CAD Elliott Wave
For the last few weeks the USD/CAD pair was trading in a downward move developing corrective wave (2) (coloured orange). Yesterday during the Asian and European sessions we could observe an ascending movement towards the 1.0148 level where this major pair found resistance and price started pushing down. Therefore, during the New York session we could observe continuation of the bearish mood and the price reached a new 9 days low at 1.0100 level. At the moment the USD/CAD pair is developing corrective wave C (coloured blue) of the bigger (C) wave (coloured green). In accordance with our wave rules and taking into account that the wave C retraces 100% of the wave A, we can define the potential targets by measuring A wave with Take Profit 1 at 1.0042 (78.6% of wave A) and Take Profit 2 at 0.9986 (100% of wave A). Resistance at 1.0115 point can be used as Stop Loss. Also it is necessary to monitor the CAD Wholesale Sales m/m, U.S. Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index data that can change the rate of the pair.
Support and Resistance
(S3) 1.0068 (S2) 1.0086 (S1) 1.0098 (PP) 1.0117 (R1) 1.0135 (R2) 1.0147 (R3) 1.0166
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0085 with Stop Loss 1.0115 Take Profit 1 at 1.0042 and Take Profit 2 at 0.9986 are recommended.


Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

AUD/USD Wave Analysis July 20, 2012



AUD/USD Elliott Wave
Since our last analysis the AUD/USD pair was trading in an upward move developing impulsive wave (3) (coloured pink). Yesterday during the European session we could observe an ascending movement towards the 1.0444 level and we can consider this move as the end of the (3) wave. Therefore, during the New York session the AUD/USD pair did not manage to hold this level and price fell back to 1.0400 level. At the moment the price is testing 1.0395 level and we are expecting to see the price around 1.0500 today. In accordance with our wave rules and taking into account that the wave 5 retraces 100% of the wave 1, we can define the potential targets by measuring 1 wave with Take Profit 1 at 1.0518(127.2% of wave 1) and Take Profit 2 at 1.0595(161.8% of wave 1). Support at 1.03640 point can be used as Stop Loss.
Support and Resistance
(S3) 1.0321 (S2) 1.0354 (S1) 1.0375 (PP) 1.0409 (R1) 1.0442 (R2) 1.0463 (R3) 1.0497
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.0430 with Stop Loss 1.0345 Take Profit 1 at 1.0518 and Take Profit 2 at 1.0595 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

USD/CAD Weekly Wave Analysis 2012-07-20



USD/CAD Elliott Wave
Yesterday we preformed short term analysis for the USD/CAD pair and today we want to examine a larger time frame for swing traders. Yesterday during the Asian and European sessions we could observe a descending movement towards the 1.0065 level. Therefore, during the New York session the USD/CAD pair did not manage to hold this level and the price started trading in a sideways move. At the moment price is still trading in a sideways move and we are expecting to see the last push to the downside today. In accordance with our wave rules and taking into account that the wave 3 retraces minimum 100% of the wave 1, we can define the potential targets with Fibonacci extensions (0.9800-1.0445-1.0050) wave with Take Profit 1 at 1.0660(100% of wave 1) and Take Profit 2 at 1.1057(161.8% of wave 1). Invalidation at 0.9800 point can be used as Stop Loss. Also it is necessary to monitor the CAD Core CPI m/m and CPI m/m data that can change the rate of the pair.
Support and Resistance
(S3) 1.0039 (S2) 1.0055 (S1) 1.0065 (PP) 1.0081 (R1) 1.0097 (R2) 1.0107 (R3) 1.0123
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.0050 with Stop Loss 0.9800 Take Profit 1 at 1.0660 and Take Profit 2 at 1.1057 are recommended.


Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

USD/JPY Intraday Technical Levels for Jully 23, 2012



Today’s Technical Levels:
Resistance 3: 78.52.
Resistance 2: 78.41.
Resistance 1: 78.30.
Support 1: 78.16.
Support 2: 78.05.
Support 3: 77.94.
Description:
Please, pay attention to the levels of support 3 (77.94) and resistance 3 (78.52) in general when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found trends today.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

USD/CAD Wave Analysis July 23, 2012



USD/CAD Elliott Wave
Since our last analysis the USD/CAD pair was trading in an upward move developing impulsive wave 1 (coloured blue) of the bigger wave (1) (coloured green).During the Friday’s Asian and European sessions we could observe an ascending movement towards the 1.0130 level where this major pair found resistance and price started pushing lower. Therefore, during the New York session the USD/CAD pair didn't manage to hold this level and the price continued trading in a bullish mood till the end of the session. Today we could observe the price trading around 1.0160 level, and we can consider this level as the end of the wave 1 (coloured blue). In accordance with our wave rules and taking into account that the wave 2 retraces 61.8% of the wave 1, we can define the potential targets with Fibonacci retracement (1.0065-1.0160) with Take Profit 1 at 1.0111 (50% of wave 1) and Take Profit 2 at 1.0100 (61.8% of wave 1). Resistance at 1.0185 point can be used as Stop Loss.
Support and Resistance
(S3) 1.0045 (S2) 1.0069 (S1) 1.0083 (PP) 1.0107 (R1) 1.0131 (R2) 1.0145 (R3) 1.0169
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0150 with Stop Loss 1.0185, Take Profit 1 at 1.0111 and Take Profit 2 at 1.0100 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

EUR/USD Under 1.2000 Today - Analysis July 23, 2012



EUR/USD Elliott Wave
Last week the EUR/USD pair was trading in an upward move developing corrective wave (4) (coloured green) of the bigger (5) wave (coloured orange). During the Friday's European and New York sessions we could observe a strong descending movement towards the 1.2142 level. Today this major pair opened Asian session with 20 pips gap and price is currently trading around 1.2110 level. At the moment the EUR/USD pair is developing the last (5) wave (coloured green) of the bigger (5) (coloured orange) and we are expecting to see price under 1.2000 level today. In accordance with our wave rules and taking into account that the wave 5 retraces 100% of the wave 1, we can define the potential targets by measuring 1 wave with Take Profit at 1.1983 (100% of wave 1). Resistance at 1.2175 point can be used as Stop Loss. Also it is necessary to monitor the EU Consumer Confidence data that can change the rate of the pair.
Support and Resistance
(S3) 1.2057 (S2) 1.2110 (S1) 1.2142 (PP) 1.2195 (R1) 1.2248 (R2) 1.2280 (R3) 1.2333
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2105 with Stop Loss 1.2175 and Take Profit at 1.1983 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

EUR/USD Intraday Technical Levels for July 24, 2012



Today’s Technical Level:
Breakout BUY Level: 1.2186.
Strong Resistance: 1.2178.
Original Resistance: 1.2167.
Inner Sell Area: 1.2155.
Target Inner Area: 1.2127.
Inner Buy Area: 1.2103.
Original Support: 1.2087.
Strong Support: 1.2075.
Breakout SELL Level: 1.2068.
Description:
Today EUR/USD has support and resistance at 1.2087 and 1.2167 and is accompanied by strong support at 1.2075 and by 1.2178 as strong resistance.
If EUR/USD breaks out and closes below a 1.2068 level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2186 level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2103, and SELL position at 1.2155; in this case both targets should be located at the level of 1.2127.

Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

USD/CHF Wave Analysis July 24, 2012



USD/CHF Elliott Wave
For the last few days the USD/CHF pair was trading in an upward move developing impulsive (5) wave (coloured green) of the bigger wave (5) (coloured orange). Yesterday during the Asian and European sessions we could observe an ascending movement towards the 0.9945 level and we can consider this move as the end of the 3 impulsive wave (coloured blue). Therefore, during the New York session the USD/CHF did not manage to hold this level and the price reached 0.9888 level (end of 4 wave). Today this major pair started pushing higher, the price is currently trading around 0.9915 level and we are expecting to see it around 0.9969 today. In accordance with our wave rules and taking into account that the wave 5 retraces 100% of the wave 1, we can define the potential targets by measuring 1 wave with Take Profit at 0.9963 (100% of wave 1). Support at 0.9900 point can be used as Stop Loss. Also it is necessary to monitor the U.S. Fed Chairman Bernanke Speaks, Flash Manufacturing PMI data that can change the rate of the pair.
Support and Resistance
(S3) 0.9853 (S2) 0.9877 (S1) 0.9892 (PP) 0.9916 (R1) 0.9940 (R2) 0.9955 (R3) 0.9979
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9920 with Stop Loss 0.9900 and Take Profit at 0.9963 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com