Thread: InstaForex Wave Analysis

USD/JPY Intraday Technical Levels for August 14, 2012



TODAY'S TECHNICAL LEVELS:

Resistance. 3: 78.83.

Resistance. 2: 78.68.

Resistance. 1: 78.52.

Support. 1: 78.33.

Support. 2: 78.18.

Support. 3: 78.02.


DESCRIPTION:
You should note for the levels of support. 3 (78.02) and resistance. 3 (78.83), in fact, the level being 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/CHF Wave Analysis for August 15,2012



USD/CHF Elliott Wave
For the last few days the USD/CHF pair was trading in a downward move developing impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green). Yesterday during the European and New York sessions we could observe an ascending movement from 0.9696 towards the 0.9751 and we can consider this move as the end of the corrective wave (2) (coloured purple). At the moment this major pair is at the beginning of the impulsive (3) wave (coloured purple) of the bigger 3 wave (coloured blue) and we are expecting to see the price at 0.9575 level 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 (0.9809-0.9696-0.9751) with Take Profit 1 at 0.9642 (100% of wave 1) and Take Profit 2 at 0.9574 (161.8% of wave 1). To reduce the risk, we can use invalidation point at 0.9809 as Stop Loss. Also it is necessary to monitor the U.S. Core CPI m/m, CPI m/m, Empire State Manufacturing Index, TIC Long-Term Purchases, Capacity Utilization Rate, Industrial Production m/m and Crude Oil Inventories data that can change the rate of the pair.
Support and Resistance
(S3) 0.9677 (S2) 0.9698 (S1) 0.9711 (PP) 0.9731 (R1) 0.9752 (R2) 0.9765 (R3) 0.9785
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9730 with Stop Loss 0.9809, Take Profit 1 0.9642, and Take Profit 2 0.9574 are recommended.

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

EUR/USD Wave Analysis for August 15,2012



EUR/USD Elliott Wave
Since our last analysis, the EUR/USD pair was trading in a downward move, developing corrective wave (2) (coloured purple) of the bigger 3 (coloured blue). During the Asian and early European sessions we could observe a strong ascending movement towards the 1.2385 level and we can consider this move as the end of the (1) wave (coloured purple). Therefore, during the second half of the EU session the EUR/USD did not manage to hold this level and the price slipped towards the 1.2316 level. At the moment we can observe the price trading in a sideways move and we are expecting to see it higher today. 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 (1.2240-1.2385-1.2316) with Take Profit 1 at 1.2460 (100% of wave 1) and Take Profit 2 at 1.2550 (161.8% of wave 1). To reduce the risk, we can use invalidation point at 1.2240 as Stop Loss. Also it is necessary to monitor the U.S. Core CPI m/m, CPI m/m, Empire State Manufacturing Index, TIC Long-Term Purchases, Capacity Utilization Rate, Industrial Production m/m and Crude Oil Inventories data that can change the rate of the pair.
Support and Resistance
(S3) 1.2272 (S2) 1.2298 (S1) 1.2315 (PP) 1.2341 (R1) 1.2367 (R2) 1.2384 (R3) 1.2410
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.2345 with Stop Loss 1.2240, Take Profit 1 1.2460, and Take Profit 2 1.2550 are recommended.

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

GBP/JPY Wave Analysis for August 16,2012



GBP/JPY Elliott Wave
For the last few days the GBP/JPY pair was trading in an upward move, developing impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green). Yesterday during the Asian and European sessions we could observe an ascending movement towards the 124.93 level where this exotic currency found resistance. Therefore, during the early New York session the GBP/JPY pair did not manage to hold this level and the price slipped towards the 123.30 level (new daily low). At the moment the price is trading around 124.20 level and we are expecting to see it around 125.20 level 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 (121.07-123.25-131.78) with Take Profit at 125.22 (161.8% of wave 1). To reduce the risk, we can use support point at 123.60 as Stop Loss. Also it is necessary to monitor the GBP Retail Sales m/m data that can change the rate of the pair.
Support and Resistance
(S3) 122.97 (S2) 123.26 (S1) 123.43 (PP) 123.71 (R1) 124.00 (R2) 124.17 (R3) 124.45
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 124.40 with Stop Loss 123.60 and Take Profit 125.22 are recommended.

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

EUR/USD Wave Analysis for August 16,2012



EUR/USD Elliott Wave
Yesterday the EUR/USD pair was trading in a downward move, developing final C wave of the bigger (2) wave (coloured purple). During the early European session we could observe strong descending movement from 1.2343 towards the 1.2263 level. Therefore, during the New York session this major pair did not manage to hold this level and the price pushed higher. Today during the Asian session we could observe continuation of yesterday's bearish mood that brings the EUR/USD pair to the new low at 1.2255 level, and we can consider this move as the end of the corrective (2) wave (coloured purple). 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 (1.2240-1.2385-1.2255) with Take Profit 1 at 1.2488 (161.8% of wave 1) and Take Profit 2 at 1.2632(261.8% of wave 1). To reduce the risk, we can use invalidation point at 1.2240 as Stop Loss. Also it is necessary to monitor the EU CPI y/y, Core CPI y/y and U.S. Building Permits, Unemployment Claims, Housing Starts, Philly Fed Manufacturing Index data that can change the rate of the pair.
Support and Resistance
(S3) 1.2219 (S2) 1.2249 (S1) 1.2267 (PP) 1.2298 (R1) 1.2328 (R2) 1.2346 (R3) 1.2377
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.2290 with Stop Loss 1.2240, Take Profit 1 1.2488, and Take Profit 2 1.2632 are recommended.

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

USD/JPY Intraday Technical Levels for August 16, 2012



Today’s Technical Level:
Resistance 3: 79.51.
Resistance 2: 79.36.
Resistance 1: 79.20
Support 1: 79.00.
Support 2: 78.85.
Support 3: 78.69.
Description:
Please, pay attention to the levels of support 3 (78.69) and resistance 3 (79.51). In general, when a level is touched, USD/JPY will rebound from the previous minimum by10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

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

GBP/JPY Wave Analysis for August 17,2012



GBP/JPY Elliott Wave
Since our last analysis, the GBP/JPY pair was trading in an upward move, like we expected, developing impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green). During the yesterday's European and New York sessions we could observe an ascending movement from 123.80 towards the 124.87 level. At the moment we are close to 161.8% retracement, and we need to be prepared for entering short position when 4 wave (coloured blue) starts. In accordance with our wave rules and taking into account that the wave 4 retraces 100% of the wave 2, we can define the potential targets with measuring the 2 wave, with Take Profit at 123.70 (100% of wave 2). To reduce the risk, we can use support point at 125.50 as Stop Loss.
Support and Resistance
(S3) 123.30 (S2) 123.76 (S1) 124.04 (PP) 124.50 (R1) 124.96 (R2) 125.24 (R3) 125.70
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 125.20 with Stop Loss 125.50 and Take Profit 123.70 are recommended.

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



Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010


More analysis - at instaforex.com[/QUOTE]

AUD/USD Wave Analysis for August 17,2012



AUD/USD Elliott Wave
From the beginning of the last week the AUD/USD pair was trading in a downward movement, developing the last (E) wave (coloured orange) after it finished corrective (D) wave (coloured orange). Yesterday during the Asian session we could observe a descending movement towards the 1.0474 level. Therefore, during the European and New York sessions the AUD/USD pair did not manage to hold this level and the price reached a new 2-day high at 1.0525 level. At the moment we can observe developing of the impulse 3 wave (coloured blue) and we are expecting to see the price around 1.0270 soon. In accordance with our wave rules and taking into account that the wave 3 retraces 261.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0612-1.0496-1.0577) with Take Profit at 1.0269 (261.8% of wave 1). To reduce the risk, we can use resistance point at 1.0515 as Stop Loss. Also it is necessary to monitor the U.S. Prelim UoM Consumer Sentiment data that can change the rate of the pair.
Support and Resistance
(S3) 1.0452 (S2) 1.0471 (S1) 1.0484 (PP) 1.0503 (R1) 1.0522 (R2) 1.0535 (R3) 1.0554
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0400 with Stop Loss 1.0515 and Take Profit 1.0269 are recommended.

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

USD/JPY Intraday Technical Levels for August 17, 2012



TODAY'S TECHNICAL LEVELS:

Resistance. 3: 79.75.

Resistance. 2: 79.59.

Resistance. 1: 79.43.

Support. 1: 79.24.

Support. 2: 79.08.

Support. 3: 78.92.


DESCRIPTION:
One should pay attention to the levels of support. 3 (78.92) and resistance. 3 (79.75).

Actually, when a level is hit, 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

GBP/JPY Wave Analysis for August 20,2012 GBP/JPY Elliott Wave Last week the GBP/JPY pair was trading in an upward move, developing impulsive 3 wave (coloured blue). During the Friday's European and New York sessions this exotic pair was trading in a sideways move in the range of 124.90 to 124.45 level. At the moment the GBP/JPY pair is testing 124.90 resistance level and we are expecting to see the price around 125.20 level today before 4 wave (coloured blue) starts. In accordance with our wave rules and taking into account that the wave 4 retraces 100% of the wave 2, we can define the potential targets with measuring the 2 wave, with Take Profit at 123.72 (100% of wave 2). To reduce the risk, we can use support point at 125.60 as Stop Loss. Support and Resistance (S3) 124.31 (S2) 124.48 (S1) 124.58 (PP) 124.76 (R1) 124.93 (R2) 125.03 (R3) 125.21 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 125.20 with Stop Loss 125.60 and Take Profit 123.70 are recommended. Performed by Nicola Delic, Analytical expert InstaForex Companies Group © 2007-2012 More analysis - at instaforex.com