Thread: InstaForex Wave Analysis

EUR/USD Wave Analysis for September 18,2012





EUR/USD Elliott Wave
Last week the EUR/USD pair was trading in an upward move, developing impulsive 3 wave (coloured green) of the bigger (5) wave (coloured orange). Yesterday during the Asian and European sessions, we could observe a descending movement towards the 1.3083 level. Therefore, during the early New York session, this major pair did not manage to hold this level and price reached a new daily high at 1.3171 level. We can consider this move as the end of the (3) wave (coloured green). At the moment the EUR/USD pair is testing 1.3080 support level and we are expecting to see the price around 1.3235 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring 1 wave, with Take Profit at 1.3234 (100% of wave 1) and Take Profit 2 at 1.3344 (161.8% of wave 1). To reduce the risk, we can use support at 1.3000 level as Stop Loss.
Support and Resistance
(S3) 1.3034 (S2) 1.3068 (S1) 1.3089 (PP) 1.3123 (R1) 1.3157 (R2) 1.3178 (R3) 1.3212
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.3100 with Stop Loss 1.300 , Take Profit at 1.3234 and Take Profit 2 at 1.3344 are recommended.


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

AUD/USD Wave Analysis for September 20,2012





AUD/USD Elliott Wave
Since our last analysis the AUD/USD pair was trading in a downward move, as we expected, developing impulsive (3) wave (coloured green) of the bigger wave (C) (coloured orange). Yesterday during the European session, we could observe descending movement from 1.0473 towards the 1.0429 level. Therefore, during the early New York session the AUD/USD pair started pushing higher reaching a 1.0496 level� and we can consider this move as the end of the corrective (2) wave (coloured green). At the moment, this major pair is trading around 1.0400 level and we are expecting to see price around 1.0200 soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with Fibonacci Extensions (1.0624-1.0409-1.0496), with Take Profit 1 at 1.0199 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.0500 level as Stop Loss. Also it is necessary to monitor the U.S. Unemployment Claims, Flash Manufacturing PMI, FOMC Member Lockhart Speaks, Philly Fed Manufacturing Index data that can change the rate of the pair.
Support and Resistance
(S3) 1.0386 (S2) 1.0416 (S1) 1.0434 (PP) 1.0464 (R1) 1.0494 (R2) 1.0512 (R3) 1.0542
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0380 with Stop Loss 1.0500 and Take Profit at 1.0199 are recommended.


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

USD/CHF Wave Analysis for September 20,2012





USD/CHF Elliott Wave
For the last few days the USD/CHF pair was trading in a sideways move, developing corrective (4) wave (coloured green) of the bigger (A) wave (coloured orange). During yesterday’s Asian session we could observe a descending movement towards the 0.9257 level. Therefore, during the early European session this major pair did not manage to hold this level and price started pushing higher reaching a new daily high at 0.9306 level. During the New York session price retrace back to 0.9260 level before we could observe continuation of the European bullish mood. At the moment the USD/CHF pair is trading around 0.9335 level and we are expecting to see price around 0.9442 level soon. In accordance with our wave rules and taking into account that the wave 4 should retrace 100% of the wave 2, we can define the potential targets with measuring 2 wave, with Take Profit 1 at 0.9442 (100% of wave 2). To reduce the risk, we can use invalidation at 0.9238 level as Stop Loss. Also it is necessary to monitor the U.S. Unemployment Claims, Flash Manufacturing PMI, FOMC Member Lockhart Speaks, Philly Fed Manufacturing Index data as it can change the rate of the pair.
Support and Resistance
(S3) 0.9231 (S2) 0.9249 (S1) 0.9261 (PP) 0.9280 (R1) 0.9298 (R2) 0.9310 (R3) 0.9329
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9340 with Stop Loss 0.9238 and Take Profit at 0.9442 are recommended.


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

AUD/CAD Wave Analysis for September 24,2012



AUD/CAD Elliott Wave
Since our last analysis, the AUD/CAD pair was trading in a upward move, developing corrective B wave (coloured blue) of the bigger wave (2) (coloured green). During the Friday's European session, we could observe an ascending move from 1.0188 towards the 1.0245 level and we can consider this move as the end of the B wave (coloured blue). Therefore, during the New York session, the AUD/CAD pair started pushing lower reaching 1.0193 level. At the moment, this currency pair is trading around 1.0200 level and we are expecting to see the price at 1.0130 today. In accordance with our wave rules and taking into account that the wave C should retrace 100% of the wave A, we can define the potential targets with Fibonacci Extensions (1.0268-1.0152-1.0245), with Take Profit at 1.0128 (100% of wave A). To reduce the risk, we can use resistance at 1.0245 level as Stop Loss. Also it is necessary to monitor the AUD RBA Financial Stability Review data that can change the rate of the pair.
Support and Resistance
(S3) 1.0143 (S2) 1.0169 (S1) 1.0185 (PP) 1.0212 (R1) 1.0238 (R2) 1.0254 (R3) 1.0281
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0180 with Stop Loss 1.0245 and Take Profit at 1.0128 are recommended.

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

AUD/USD Wave Analysis for September 24,2012



AUD/USD Elliott Wave
Last week the AUD/USD pair was trading in a downward move, developing impulsive wave (1) (coloured green) of the bigger (C) wave (coloured orange). During the Friday's Asian and European sessions, we could observe ascending movement from 1.0427 towards the 1.0518 and we can consider this move as the end of the (2) corrective wave (coloured green). Therefore, during the early New York session, the AUD/USD pair did not manage to hold this level and the price retrace back to 1.0440 level when development of the (3) wave starts. Today this major pair continued trading in a bearish mood and we are expecting to see the price lower this week. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with Fibonacci Extensions (1.0624-1.0367-1.0518), with Take Profit at 1.0152(161.8% of wave 1). To reduce the risk, we can use resistance at 1.0519 level as Stop Loss. Also it is necessary to monitor the U.S. FOMC Member Williams Speaks and AUD RBA Financial Stability Review data that can change the rate of the pair.
Support and Resistance
(S3) 1.0370 (S2) 1.0406 (S1) 1.0428 (PP) 1.0465 (R1) 1.0501 (R2) 1.0523 (R3) 1.0560
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0380 with Stop Loss 1.0519 and Take Profit at 1.0152 are recommended.

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

USD/CHF Wave Analysis for September 25,2012



USD/CHF Elliott Wave
For the last few days the USD/CHF pair was trading in a upward move, developing corrective (4) wave (coloured green) of the bigger wave (A) (coloured orange). Yesterday during the European session, we could observe an ascending movement towards the 0.9390 level. Therefore, during the early New York session this major pair did not manage to hold this level and price retraced back to 0.9354 level. At the moment, the USD/CHF pair is trading around 0.9370 level and we are expecting to see the price lower in the next few days, when development of the 5 impulsive wave starts. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring 1 wave, with Take Profit 1 at 0.9176(100% of wave 1). To reduce the risk, we can use resistance at 0.9450 level as Stop Loss. Also it is necessary to monitor the CHF SNB Chairman Jordan Speaks and U.S. S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Treasury Sec Geithner Speaks data that can change the rate of the pair.
Support and Resistance
(S3) 0.9283 (S2) 0.9311 (S1) 0.9328 (PP) 0.9355 (R1) 0.9383 (R2) 0.9400 (R3) 0.9427
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9330 with Stop Loss 0.9450 and Take Profit at 0.9176 are recommended.

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

AUD/USD Wave Analysis for September 25,2012



AUD/USD Elliott Wave
Since our last analysis, the AUD/USD pair was trading in a downward move, like we expected developing impulsive 1 wave (coloured blue) of the bigger wave (3) (coloured green). Yesterday, during the Asian and European sessions, we could observe a strong descending movement from 1.0450 towards the 1.0386 level and we can consider this move as the end of the wave 1 (coloured blue). Therefore, during the New York session, the AUD/USD pair started pushing higher when developing of the corrective wave 2 (coloured blue) starts. Today during the Asian session, the AUD/USD finished developing of the 2 wave at 1.0444 level and we are expecting to see price around 1.0230 soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0518-1.0386-1.044), with Take Profit 1 at 1.0229 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.0445 level as Stop Loss. Also it is necessary to monitor AUD RBA Assist Gov Debelle Speaks and U.S. S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Treasury Sec Geithner Speaks data that can change the rate of the pair.
Support and Resistance
(S3) 1.0352 (S2) 1.0378 (S1) 1.0395 (PP) 1.0422 (R1) 1.0448 (R2) 1.0465 (R3) 1.0492
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0395 with Stop Loss 1.0445 and Take Profit at 1.0229 are recommended.

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

EUR/JPY technical analysis for May 22, 2013

RECOMMENDATION:
BUY Stop (Pending Order) at 132.76.
Stop Loss at 132.66.
Take Profit at 132.90.
Alternative:
SELL Stop (Pending Order) at 132.24.
Stop Loss at 132.34.
Take Profit at 132.10.

More analysis - at instaforex.com

EUR/JPY technical analysis for May 23, 2013





RECOMMENDATIONS:
Buy stop (pending order) at 133.01.
Stop loss at 132.91.
Take profit at 133.15.
Alternative:
Sell stop (pending order) at 132.24.
Stop loss at 132.34.
Take profit at 132.10.


More analysis - at instaforex.com

EUR/JPY technical analysis for May 24, 2013





RECOMMENDATIONS:
Buy stop (pending order) at 132.51.
Take profit at 132.65.
Stop loss at 132.41.
Alternative:
Sell stop (pending order) at 131.74
Take profit at 131.60
Stop Loss @ 131.84.

More analysis - at instaforex.com