Thread: InstaForex Wave Analysis

AUD/USD Elliott wave count and Fibonacci levels for September 23, 2011 AUD/USD is moving within impulse wave C of medium term downtrend (colored royal blue in the chart) from 1.0401. Within this wave there are also three subwaves (colored red in the chart) with subwave C still developing from 1.0312. The targets of the downmove are Fibonacci expansions off 1.0768-1.0181-1.0401, 1.0401-1.0152-1.0312, 1.0263-0.9992-1.0040. Supports: - 0.9660 = super expanded objective point (SXOP) - 0.9602 = expanded objective point (XOP) - 0.9451 = XOP - 0.9331 = SXOP If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0263-0.9691. Resistances: - 0.9910 = .382 retracement - 0.9977 = .50 ret - 1.0044 = .618 ret Overbought/Oversold Assuming that the medium term trend is down it's preferable to try short positions when the Detrended Oscillator goes above the zero level (25-30 pips above the current prices) or gets into the overbought area (55-70 pips above the current prices). Performed by Roman Molodiashin, Analytical expert InstaForex Companies Group © 2007-2011 More analysis - at instaforex.com

GBP/JPY Elliott wave count and Fibonacci levels for September 23, 2011

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart) with impulse subwave 5 still developing from 124.36. Within wave 5 there are A, B and C subwaves of smaller degree (colored magenta in the chart), with subwave C still developing from 122.22.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 127.31-124.47-126.55, 126.55-123.04-124.36, 124.36-120.61-122.22, 122.22-119.41-120.51, 120.51-119.04-119.76.
Supports:
- 116.15 = expanded objective point (XOP)
- 115.96-91 = confluence area of XOP and super expanded objective point (SXOP)
- 115.17-11 = confluence area of SXOP and XOP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 120.51-116.78.
Resistances:
- 118.20 = .382 retracement
- 118.55 = .50 ret
- 119.09 = .618 ret

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (20-30 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com

AUD/USD Elliott wave count and Fibonacci levels for September 26, 2011

AUD/USD is moving within impulse wave C of medium term downtrend (colored royal blue in the chart) from 1.0401. Within this wave there are also five subwaves (colored red in the chart) with subwave 5 still developing from 0.9866.
The targets of the downmove are Fibonacci expansions off 1.0768-1.0181-1.0401, 1.0312-0.9691-0.9866, 0.9866-0.9668-0.9846.
Supports:
- 0.9526 = expanded objective point (XOP)
- 0.9482 = contracted objective point (COP)
- 0.9451 = XOP
- 0.9328 = super expanded objective point (SXOP)
- 0.9245 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 0.9866 - this wave is not developed, so no resistances are available so far.

Overbought/Oversold
Assuming that the medium term trend is down it's preferable to try short positions when the Detrended Oscillator goes above the zero level (60-70 pips above the current prices) or gets into the overbought area (90-100 pips above the current prices).

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com

GBP/JPY Elliott wave count and Fibonacci levels for September 26, 2011

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart) with impulse subwave 5 still developing from 124.36. Within wave 5 there are also four waves of still smaller degree (colored magenta in the chart), with subwave 4 still developing from 116.78.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 126.55-123.04-124.36, 124.36-120.61-122.22, 122.22-116.78-118.84.
Supports:
- 116.15 = expanded objective point (XOP)
- 115.48 = contracted objective point (COP)
- 115.17-11 = confluence area of super expanded objective point (SXOP) and XOP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 122.22-116.78.
Resistances:
- 118.86 = .382 retracement
- 119.50 = .50 ret
- 120.14 = .618 ret

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (15-20 pips above the current prices) or into the overbought area (40-50 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com

USD/JPY. Weekly and Monthly Pivot Points, For September/ 26 - 30, 2011















Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011

More analysis - at instaforex.com



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EUR/USD. Weekly and Monthly Pivot Points, For 26 - 30/ September, 2011













Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011


More analysis - at instaforex.com


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AUD/USD. Weekly and Monthly Pivot Points, For 26 - 30 / September, 2011













Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011



More analysis - at instaforex.com


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GBP/USD. Weekly and Monthly Pivot Points, For 26 - 30 / September, 2011












Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011



More analysis - at instaforex.com


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GBP/USD wave analysis for September 26, 2011








Slow movement of the GBP/USD to the upside can be interpreted as the end of downside trend section within the 3rd wave, in the 5th. If so, after the end of this movement in favour of the British currency the price might make an attempt to test the 53 figure level again. At the same time it is quite possible that this testing will initiate the beginning of a continuous upside correction.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011




More analysis - at instaforex.com

AUD/USD Elliott wave count and Fibonacci levels for September 27, 2011

AUD/USD is moving within impulse wave C of medium term downtrend (colored royal blue in the chart) from 1.0401. Within this wave there are also five subwaves (colored red in the chart) with subwave 5 still developing from 0.9866.
The targets of the downmove are Fibonacci expansions off 1.0768-1.0181-1.0401, 1.0312-0.9691-0.9866, 0.9866-0.9668-0.9846.
Supports:
- 0.9526 = expanded objective point (XOP)
- 0.9482 = contracted objective point (COP)
- 0.9451 = XOP
- 0.9328 = super expanded objective point (SXOP)
- 0.9245 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 0.9866 - this wave is not developed, so no resistances are available so far.

Overbought/Oversold
Assuming that the medium term trend is down it's preferable to try short positions when the Detrended Oscillator goes above the zero level (60-70 pips above the current prices) or gets into the overbought area (90-100 pips above the current prices).

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com

GBP/JPY Elliott wave count and Fibonacci levels for September 27, 2011

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart) with impulse subwave 5 still developing from 124.36. Within wave 5 there are also four waves of still smaller degree (colored magenta in the chart), with subwave 4 still developing from 116.78.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 126.55-123.04-124.36, 124.36-120.61-122.22, 122.22-116.78-118.84.
Supports:
- 116.15 = expanded objective point (XOP)
- 115.48 = contracted objective point (COP)
- 115.17-11 = confluence area of super expanded objective point (SXOP) and XOP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 122.22-116.78.
Resistances:
- 118.86 = .382 retracement
- 119.50 = .50 ret
- 120.14 = .618 ret

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (15-20 pips above the current prices) or into the overbought area (40-50 pips above the current prices).

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com

Sovereign debt crisis in focus. Review for September 27, 2011 (EUR/USD)

At present the national governments have been trying to make use of their own advantages. The tension has been increasing both in eurozone itself and between the eurozone and the rest of the world, as the European crisis aftermath is getting more and more troublesome.
Political reaction to the next crisis is sure to include even more protective measures. Some observers comfort themselves by the fact that the private sector loan has shrunk since the beginning of the crisis. Unfortunately this decline was neutralized by the growth of the state debt.

This has been the reason for tension. The countries with huge debts to foreign lenders will be more likely to devaluate their currencies to alleviate the burden of these obligations. Foreign lenders hardly like it; they have been avoiding restructuring via fixed exchange rates and binding rates, as in China and the USA, as well as by making a monetary union, as in case with Greece and Germany.
The alternative is a default, breaking up in Europe presently.
Internal debts also caused troubles, when they proved to be too burdensome for borrowers. Default and inflation can prevent some imbalances, yet they are often accompanied by a banking crisis.


Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com

GBP/USD candlestick analysis for September 27, 2011

The GBP/USD currency pair is rolling back after a sharp decline. Earlier in a 4-hour graph the GBP/USD pair formed a Falling Three Methods combination that gives us a bearish signal.
This combination was formed amid a downside movement after the pair could not break the resistance level near 1.6600, which means that the bulls could not solidify here and the bears started to increase their influence. At the same time each rollback was considered as a pause before further decline.
Break of the support level 1.5565 will denote that this point of view is correct. In this case we should expect a downfall to the support level 1.5344. Its break will cause downside movement to 1.5290.
It is worth mentioning that stop loss should be placed slightly above the 1.5932 level as its break will allow the pair to reach 1.6200.


Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com

Last week results. Review for September 26, 2011 (GOLD)

Last week the cost of raw commodities declined to its 9-month low. Gold, silver and copper cheapened most amid investors continuing leaving risky assets.
Standard & Poor’s GSCI that reflects the dynamics of 24 raw commodities dropped by 2.2% on Friday which is the most considerable fall since December 2, 2010. The indicator lost 7.8% during the last week.

During the last few days investors grew more concerned about prospects of the global economic growth in the long run. The US FRS emphasized crucial risks for growth of the world’s largest economy in its report following the two-day meeting. Moreover, the regulator underlined that the national unemployment rate has been still high. Earlier, on Tuesday, the IMF downgraded its forecast regarding the global economic growth for 2011-2012 to 4% each year.

On Friday investors were disappointed by the Swiss National Bank. The regulator brought its forecasts concerning the US and eurozone growth by 1.1% and 0.5% correspondingly. Now the Swiss National Bank expects that the US and eurozone GDPs will gain 1.6% in 2011.

Gold cheapened most for the last 5 years by the end of last week. Prices for December future on Comex fell by 5.6% on Friday (101.9USD). This is the most crucial quotation fall since 2006. By the end of trades one ounce cost USD 1639.80. The week decline constituted 9.7%.

Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com