-
CRUDE OIL Bullish Outlook June 08, 2011 (Daily Strategy)
http://instaforex.com/userfiles/20110608/08crudeoil.gif
CRUDE OIL
The oil price is consolidating between the levels of 97.90 to 103.20, so it has not yet
defined exactly if it continued its downtrend in the short term, or retake its upward trend
long term. The first position can by buy now (98,20) and strengthened later by an
additional position in the event that the price of oil breaks through the nearby resistance
rate at 100.60 dollars or close above the weekly pivot line.
The price of oil is expected to easily rise above the resistance level of 105,90 dollars
and perhaps go even higher than that.
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
================================================== ===================================
================================================== ===================================
GBP/USD wave analysis for June 8, 2011
http://instaforex.com/userfiles/20110608/GBP_h4.gif
During yesterday trading the GBP/USD still continued to form a more complicated inner wave
structure of the b wave in the estimated 2nd (or b). If so, after the b wave is completed
the price might continue to decline to the correction level 61.8% at the 1.6240 level. At
the same time, given the market sentiment directed against the dollar, we cannot eliminate
the possibility of the price passing May 31 high (1.6440) within the c wave, in the b.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
================================================== ===================================
================================================== ===================================
EUR/USD wave analysis for June 8, 2011
http://instaforex.com/userfiles/20110608/EUR_h4.gif
Due to the incompleteness of the 5th wave inner wave structure, yesterday the EUR/USD
resumed upside movement within the estimated 5th wave (in the 5th). At the same time
observing one of the possible targets located near 1.4660-1.4670. The euro is demonstrating
an intention to continue the growth to the 48 figure level. In the meantime, as we have
already mentioned, strongly overbought indicators might demonstrate further deep correction
of the price.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
================================================== ===================================
================================================== ===================================
GOLD. Weekly and Monthly Pivot Points, For June 08-10, 2011
____WEEKLY_____
Weekly - R3 = 1586,13
Weekly - R2 = 1568,36
Weekly - R1 = 1555,33
Weekly Pivot = 1537,57
Weekly - S1 = 1524,53
Weekly - S2 = 1506,76
Weekly - S3 = 1493,73
_____MONTHLY______
Monthly - R3 = 1701,70
Monthly - R2 = 1639,30
Monthly - R1 = 1587,60
Monthly Pivot = 1525,20
Monthly - S1 = 1473,50
Monthly - S2 = 1411,10
Monthly - S3 = 1359,40
GOLD
The traders should sell short in the R1 weekly or buy long in S1 weekly, with a target in
the weekly Pivot, is a viable strategy to make swing trading.
Other form of vary this strategy is to going long on S2 weekly and short R2 weekly , with a
goal in S1 or R1 weekly.
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
-
GBP/JPY Elliott wave count and Fibonacci levels - June 9, 2011
GBP/JPY is developing corrective wave against 135.1-130.47 - colored royal blue in the chart. According to wave count this can be wave B of medium term downtrend. The targets above the current level are Fibonacci retracements of 135.11-130.47.
Resistances:
- 132.24 = .382 retracement
- 132.79 = .50 ret
- 133.34 = .618 ret
If the downtrend resumes and the price breaks below 130.47 the immediate supports will be Fibonacci retracements of 122.49-139.93, and expansions off 139.93-130.26-135.11, 135.11-130.63-132.27
Supports:
- 129.50 = contracted objective point (COP)
- 129.15-13 = confluence area of .618 retracement and COP
- 127.79 = objective point (OP)
http://instaforex.com/userfiles/2011...9-02-gj-en.gif
Overbought/Oversold
Assuming that the medium term trend is down it's preferable to try shorts when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (15-25 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
-
EUR/USD Bearish Outlook, (Below to 1.4550) June 09, 2011 (Daily Strategy)
http://instaforex.com/userfiles/20110609/07juneeur.gif
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
================================================== ===================================
================================================== ===================================
AUD/USD Bullish Outlook, June 09, 2011 (Daily Strategy)
http://instaforex.com/userfiles/20110609/09audin.gif
AUD/USD
The Australian dollar – United States dollar is under its first weekly support, this point
in the past has been a strong support to push the pair up, believe that the pair continued
their downward trend until the next weekly support around 1,0507; therefore drop allows us
to pick up the pair at a much lower and more attractive price for a buy position.
The target for the pair can be found around the price range of 1.0700 United States dollars
to the Australian dollar.
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
-
GBP/JPY Elliott wave count and Fibonacci levels - June 10, 2011
GBP/JPY is developing corrective wave against 135.1-130.47 - colored royal blue in the chart. This is wave B, which now has A and B subwaves within it - they're colored red in the chart. The targets above the current level are Fibonacci retracements of 135.11-130.47.
Resistances:
- 132.24 = .382 retracement
- 132.79 = .50 ret
- 133.34 = .618 ret
If the downtrend resumes and the price breaks below 130.47 the immediate supports will be Fibonacci retracements of 122.49-139.93, and expansions off 139.93-130.26-135.11, 135.11-130.47-131.95.
Supports:
- 129.15-13-08 = confluence area of .618 retracement and two contracted objective points (COP)
- 127.31 = objective point (OP)
http://instaforex.com/userfiles/2011...0-02-gj-en.gif
Overbought/Oversold
Assuming that the medium term trend is down it's preferable to try shorts when the Detrended Oscillator gets above the zero level (35-40 pips above the current prices) or into the overbought area (65-80 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
-
GBP/JPY Bullish Above 129,90 June 10, 2011 (Daily Strategy)
http://instaforex.com/userfiles/20110610/10gbpjpy.gif
GBP/JPY
The British Pound Sterling - Japanese Yen is shows great potential for a wave of rises
that should push the pair upwards and on to the resistance level of 134.40. Is important to
note that the pair has encountered strong support at the 129,93 level, From here, things
should be much easier for the pair to start its upward movement that, potentially, could
end around the high resistance levels of 140.50. However, to begin with, we should
concentrate on the important and closer resistance level at 134.40
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
================================================== ===================================
================================================== ===================================
NZD/USD Bearish Outlook, June 10, 2011 (Daily Strategy)
http://instaforex.com/userfiles/20110610/10nzd(1).gif
NZD/USD
The analysis of the daily graph of the New Zealand dollar - United States dollar pair show
the potential change of trend in the short term, the price of the pair is fluctuating near
the first weekly resistance around 0.8259. If in the course of the day the price of the
pair trading below this level, would be a clear signal to enter an agreement of sale with a
first goal in the fractal formed around the 0.8060 level and final goal in the monthly
pivot around 0.7880.
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
================================================== ===================================
================================================== ===================================
USD/CHF wave analysis for June 10, 2011
http://instaforex.com/userfiles/20110610/CHF_h4.gif
During yesterday’s trading the USD/CHF managed to break out of the horizontal range and
approach the 0.8450 level later in the day. Therefore, the price has indicated the first
waves of a new upside section of the estimated upside correction. At the same time we
should note that such growth is probably limited by the a wave, in the 4th, and its first
target might be located near 0.8460-0.8480.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
================================================== ===================================
================================================== ===================================
GBP/USD wave analysis for June 10, 2011
http://instaforex.com/userfiles/20110610/GBP_h4.gif
In general, as expected, during yesterday’s trading the GBP/USD pair resumed downside
movement after testing the 1.6460 level. At the same time, wave structure of the b wave in
the estimated 2nd (or b) obtained a shape of a diagonal triangle. Therefore, we can assume
that current decline of the pound price will develop in the direction of the target
correction level 61.8% at the 1.6240 level.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
-
GBP/JPY Elliott wave count and Fibonacci levels - June 13, 2011
GBP/JPY is developing impulse wave C of medium term downtrend - colored royal blue in the chart. The targets of the downmove are Fibonacci retracements of 122.49-139.93, and expansions off 139.93-130.26-135.11, 135.11-130.47-131.95.
Supports:
- 129.15-13-08 = confluence area of .618 retracement and two contracted objective points (COP)
- 127.31 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 131.95-129.74, 135.11-129.74, and expansions off 129.74-130.73-129.91.
Resistances:
- 131.10 = .618 ret
- 131.51 = expanded objective point (XOP)
- 131.79 = .382 ret
- 132.43 = .50 ret
- 133.06 = .618 ret
http://instaforex.com/userfiles/2011...3-02-gj-en.gif
Overbought/Oversold
Assuming that the medium term trend is down it's preferable to try shorts when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (30-40 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
-
AUD/USD Elliott wave count and Fibonacci levels - June 13, 2011
AUD/USD is developing corrective wave against 1.0439-1.0774 - this is wave B of medium term uptrend that is developing now - colored royal blue in the chart. Within this wave there are A-B and C subwaves - colored magenta in the chart. The targets of the downmove are Fibonacci expansions off 1.0774-1.0562-1.0652.
Supports:
- 1.0521 = contracted objective point (COP)
- 1.0440 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0652-1.0523, 1.0774-1.0523.
Resistances:
- 1.0572 = .382 retracement
- 1.0587 = .50 ret
- 1.0603 = .618 ret
- 1.0619 = .382 ret
- 1.0648 = .50 ret
- 1.0678 = .618 ret
http://instaforex.com/userfiles/2011...3-01-au-en.gif
Overbought/Oversold
Assuming that the price is developing a corrective wave against the medium term uptrend it's preferable to stand aside or try short positions when the Detrended Oscillator goes above the zero level (5-10 pips above the current prices) or gets into the overbought area (25-35 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
-
EUR/CHF candlestick analysis for June 13, 2011
In a 4-hour graph the EUR/CHF currency pair has dropped after it could not break the resistance level near 1.2317 again. As mentioned before, if the support level 1.2055 is broken, long positions should be closed as its break will target the pair to 1.2000.
Earlier in a 4-hour graph the EUR/CHF pair formed a Piercing Line candlestick combination indicating a bullish signal.
This candlestick combination shows that the pair was demonstrating downside movements for several weeks after it failed to break the resistance level 1.3238. However, it reversed near 1.2055, which means that the bears could not solidify here and the bulls started to increase their influence.
Break of the resistance level 1.2317 and Fibonacci correction level 23.6 will prove this point of view.
In this case we should expect growth to the resistance level 1.2484 where the Fibonacci correction level 38.2 is also located.
http://instaforex.com/userfiles/2011...icture%209.png
Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
-
EUR/USD. Weekly and Monthly Pivot Points, For 13 - 17/ June, 2011
____WEEKLY_____
Weekly - R3 = 1.4962
Weekly - R2 = 1.4828
Weekly - R1 = 1.4588
Weekly Pivot = 1.4454
Weekly - S1 = 1.4214
Weekly - S2 = 1.4080
Weekly - S3 = 1.3840
http://instaforex.com/userfiles/20110613/13weeeur.gif
_____MONTHLY______
Monthly - R3 = 1.5876
Monthly - R2 = 1.5409
Monthly - R1 = 1.4902
Monthly Pivot = 1.4435
Monthly - S1 = 1.3928
Monthly - S2 = 1.3461
Monthly - S3 = 1.2954
http://instaforex.com/userfiles/20110613/13moneur.gif
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
================================================== ===================================
================================================== ===================================
GBP/USD. Weekly and Monthly Pivot Points, For 13 - 17/ June, 2011
_____WEEKLY____
Weekly - R3 = 1.6654
Weekly - R2 = 1.6563
Weekly - R1 = 1.6395
Weekly Pivot = 1.6304
Weekly - S1 = 1.6136
Weekly - S2 = 1.6045
Weekly - S3 = 1.5877
http://instaforex.com/userfiles/20110613/13weegbp.gif
_____MONTHLY____
Monthly - R3 = 1.7450
Monthly - R2 = 1.7094
Monthly - R1 = 1.6770
Monthly Pivot = 1.6414
Monthly - S1 = 1.6090
Monthly - S2 = 1.5734
Monthly - S3 = 1.5410
http://instaforex.com/userfiles/20110613/13mongbp.gif
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
-
USD/JPY Weekly and Monthly Pivot Points, For 13 - 17/ June, 2011
_____WEEKLY_____
Weekly - R3 = 81,37
Weekly - R2 = 80,91
Weekly - R1 = 80,61
Weekly Pivot = 80,15
Weekly - S1 = 79,85
Weekly - S2 = 79,39
Weekly - S3 = 79,09
http://instaforex.com/userfiles/2011...3monweejpy.gif
_____MONTHLY______
Monthly - R3 = 85,30
Monthly - R2 = 83,77
Monthly - R1 = 82,64
Monthly Pivot = 81,11
Monthly - S1 = 79,98
Monthly - S2 = 78,45
Monthly - S3 = 77.32
http://instaforex.com/userfiles/20110613/13weejpy.gif
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
================================================== ===================================
================================================== ===================================
AUD/USD. Weekly and Monthly Pivot Points, For 13 - 17/ June, 2011
_____WEEKLY_____
Weekly - R3 = 1.0931
Weekly - R2 = 1.0847
Weekly - R1 = 1.0692
Weekly Pivot = 1.0608
Weekly - S1 = 1.0453
Weekly - S2 = 1.0369
Weekly - S3 = 1.0214
http://instaforex.com/userfiles/20110613/13weeaud.gif
_____MONTHLY______
Monthly - R3 = 1.1545
Monthly - R2 = 1.1278
Monthly - R1 = 1.0973
Monthly Pivot = 1.0706
Monthly - S1 = 1.0401
Monthly - S2 = 1.0134
Monthly - S3 = 0.9829
http://instaforex.com/userfiles/20110613/13monaud.gif
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
================================================== ===================================
================================================== ===================================
USD/JPY wave analysis for June 13, 2011
The attempt of the USD/JPY to end forming the wave structure of the estimated 4th wave, in the 3rd (or c) was not quite successful on Friday. Therefore, there is still a situation allowing the target correction level 38.2% (80.50) to be tested. At the same time, resumption of the decline to 79.65 will not contradict with the current wave situation.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com