Thread: InstaForex Wave Analysis

USD/JPY intraday technical levels for September 24, 2013







TODAY'S TECHNICAL LEVELS:
Resistance 3: 99.20.
Resistance 2: 99.01.
Resistance 1: 98.82.
Support 1: 98.58.
Support 2: 98.39.
Support 3: 98.19.


DESCRIPTION:
Please pay attention to the levels of support 3 (98.19) and resistance 3 (99.20). Normally, 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 that these currencies have found trends today.

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USD/JPY intraday technical levels for September 25, 2013






TODAY'S TECHNICAL LEVELS:
Resistance 3: 99.12.
Resistance 2: 98.93.
Resistance 1: 98.73.
Support 1: 98.49.
Support 2: 98.30.
Support 3: 98.10.


DESCRIPTION:
Please pay attention to the levels of support 3 (98.10) and resistance 3 (99.12). Normally, 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 that these currencies have found trends today.

More analysis - at instaforex.com

USD/JPY intraday technical levels for September 26, 2013






TODAY's TECHNICAL LEVELS:
Resistance. 3 : 98.90.
Resistance. 2 : 98.71.
Resistance. 1 : 98.52.
Support. 1 : 98.28.
Support. 2 : 98.08.
Support. 3 : 97.89.


DESCRIPTION:
Please, pay attention to the levels of support 3 (97.89) and resistance 3 (98.90). Normally, 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 that these currencies have found trends today.

More analysis - at instaforex.com

USD/JPY intraday technical levels for September 27, 2013







TODAY's TECHNICAL LEVELS:
Resistance. 3 : 99.43.
Resistance. 2 : 99.23.
Resistance. 1 : 99.04.
Support. 1 : 98.80.
Support. 2 : 98.61.
Support. 3 : 98.41.


DESCRIPTION:
Please, pay attention to the levels of support 3 (98.41) and resistance 3 (99.43). Normally, 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 that these currencies have found trends today.

More analysis - at instaforex.com

USD/JPY intraday technical levels for September 30, 2013



TODAY's TECHNICAL LEVELS:
Resistance. 3 : 98.25.
Resistance. 2 : 98.06.
Resistance. 1 : 97.87
Support. 1 : 97.63.
Support. 2 : 97.44.
Support. 3 : 97.24.


DESCRIPTION:
Please, pay attention to the levels of support 3 (97.24) and resistance 3 (98.25). Normally, 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 that these currencies have found trends today.

More analysis - at instaforex.com

USD/JPY intraday technical levels for October 03, 2013







TODAY's TECHNICAL LEVELS:
Resistance. 3 : 97.99.
Resistance. 2 : 97.80.
Resistance. 1 : 97.61.
Support. 1 : 97.38.
Support. 2 : 97.19.
Support. 3 : 96.99.


DESCRIPTION:
Please, pay attention to the levels of support 3 (96.99) and resistance 3 (97.99). Normally, 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 that these currencies have found trends today.

More analysis - at instaforex.com

USD/JPY intraday technical levels for October 04, 2013






TODAY's TECHNICAL LEVELS:
Resistance. 3 : 97.64.
Resistance. 2 : 97.45.
Resistance. 1 : 97.26.
Support. 1 : 97.02.
Support. 2 : 96.83.
Support. 3 : 96.63.


DESCRIPTION:
Please, pay attention to the levels of support 3 (96.63) and resistance 3 (97.64). Normally, 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 that these currencies have found trends today.

More analysis - at instaforex.com

AUD/USD analysis for October 07, 2013






AUD/USD Elliott Wave
Last week, the AUDUSD pair was trading upwards, corrective wave a (coloured blue) of the bigger wave A (coloured red) was developing. During Friday's Asian and European sessions we could observe strong ascending movements from 0.9398 towards the 0.9447 level. Therefore, during the New York session this major currency continued trading upwards and the price reached the 0.9457 level. We can consider this move as the end of the a wave (coloured blue).At the moment, the AUDUSD pair is trading below 0.9403 and we are expecting to see one more push lower, before the price turns higher in the c of (y). In accordance with our wave rules and taking into account that wave Y should retrace 123.6% of wave X, we can define the potential targets with measuring wave X with take profit at 0.9542 (123.6% of wave A). To reduce the risk, we can use resistance point at the 0.9370 level as stop loss.


Support and Resistance
(S3) 0.9323 (S2) 0.9355 (S1) 0.9393 (PP) 0.9425 (R1) 0.9463 (R2) 0.9495 (R3) 0.9533


Trading forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 0.9410 with stop loss at 0.9370 and take profit at 0.9542 are recommended.


More analysis - at instaforex.com

USD/CAD analysis for October 08, 2013






USD/CAD Elliott Wave
Since our last analyses the USDCAD pair has been trading upwards, so we need to look at our alternate count that tells us that wave (y) (coloured green) of the [b] wave (coloured black) is still developing. Yesterday, during the Asian and European sessions we could observe ascending movement from 1.0288 towards the 1.0332 level. Therefore, during the early New York session this commodity currency did not manage to hold this levels and the price has reached a new sessions low at 1.0296. At the moment, the USDCAD pair is trading around 1.0321 and we are expecting to see more bullish movements in the next few sessions. In accordance with our wave rules and taking into account that wave Y should retrace 100% of wave X, we can define the potential targets with measuring wave X with take profit at 1.0432 (100% of wave X). To reduce the risk, we can use invalidation point at the 1.0288 level as stop loss.


Support and Resistance
(S3) 1.0248 (S2) 1.0270 (S1) 1.0290 (PP) 1.0312 (R1) 1.0332 (R2) 1.0354 (R3) 1.0374


Trading forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movements. That is why long positions at the level of 1.0350 with stop loss at 1.0288 and take profit at 1.0632 are recommended.

More analysis - at instaforex.com

EURJPY takes trendline support at the 131.00 levels. Remain long






Technical outlook and chart setups:
As depicted here, the currency pair is seen bouncing off the recent/immediate trendline support around the 131.00 area. It is, therefore, recommended to remain long and also initiate further positions at the moment. Till the time the trendline remains intact, the pair should head north towards the 136.00 levels. Supports are at 127.00 followed by 125.00 in the daily chart, while resistance is at 135.00 respectively. Furthermore, the 0.618 fibonacci support is also passing through the same level, producing bullish bounce at the trendline at the moment. On the flip side, only a break of trendline would delay matters further.


Trading recommendations:
Remain long for now, stop at 130.40, a target is open.

More analysis - at instaforex.com