Thread: InstaForex Wave Analysis

AUD/USD Elliott wave count and Fibonacci levels for October 7, 2011

AUD/USD is developing corrective wave 4 (or new impulse A) of medium term downtrend (colored royal blue in the chart) from 0.9387. Within this wave there are three subwaves (colored orange red in the chart), and subwave C is still developing from 0.9628. The targets of the upmove are Fibonacci retracements of 1.0401-0.9387, and expansions off 0.9387-0.9746-0.9628.
Resistances:
- 0.9774 = .382 retracement (already hit!)
- 0.9850 = contracted objective point (COP)
- 0.9894 = .50 retracement
- 0.9987 = objective point (OP)
- 1.0014 = .618 ret
If the price reverses to the downside the immediate supports will be Fibonacci retracements of the wave up from 0.9387 - this wave is not over yet, so no supports are available so far.

Overbought/Oversold
Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (10-15 pips below the current prices) or gets into the oversold area (40-55 pips below 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 October 7, 2011

GBP/JPY is developing potential impulse wave 5 (colored light green in the chart) of medium term downtrend from 120.78. Within this wave there are five subwaves (colored red in the chart), and subwave A is now developing against the downtrend from 116.91. The targets of the upmove are Fibonacci retracements of 120.78-116.91, and 127.31-116.78.
Resistances:
- 118.85 = .50 retracement
- 119.30 = .618 ret
- 120.80 = .382 ret
However if the downtrend resumes and the price breaks below 116.78, the immediate supports will be Fibonacci expansions off 130.81-123.27-127.31, 127.31-116.78-120.78, 120.78-119.06-120.73, 120.73-117.66-119.06.
Supports:
- 116.23 = super expanded objective point (SXOP)
- 115.99 = objective point (OP)
- 115.11 = expanded objective point (XOP)
- 114.27 = contracted objective point (COP)
- 114.09 = XOP

Overbought/Oversold
Assuming that the major wave is now down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (10-20 pips above the current prices) or into the overbought area (40-55 pips above the current prices).

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

EUR/USD candlestick analysis (long-term view)

The EUR/USD currency pair has traded up this week thus recovering all the lost positions.
Earlier in a weekly graph the EUR/USD formed Dark Cloud Cover candlestick combination indicating downside movement confirmed further.
This combination shows that the pair dropped sharply after an attempt to advance to the resistance level 1.4700, which means that the bears started to increase their influence.
Further decline is supported by the RSI indicator demonstrating a rollback from the overbought level 70.0.
Break of the support level 1.3969 will denote that this point of view is correct. In this case we should expect a decline to the support level 1.3427 where the Fibonacci correction level 50.0 is also located. Its break targeted the pair to 1.2869.
It is worth mentioning that stop loss should be placed slightly above the resistance level 1.3969 as its break will target the pair to 1.4700.

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

AUD/USD Elliott wave count and Fibonacci levels for October 10, 2011

AUD/USD is developing corrective wave 4 (or new impulse A) of medium term downtrend (colored royal blue in the chart) from 0.9387. Within this wave there are two subwaves (colored red in the chart), and subwave B is still developing from 0.9878. The targets of the upmove are Fibonacci retracements of 1.0401-0.9387, and expansions off 0.9387-0.9878-0.9733.
Resistances:
- 0.9894 = .50 retracement
- 1.0014 = .618 ret
- 1.0036 = contracted objective point (COP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 0.9387-0.9878.
Supports:
- 0.9690 = .382 retracement
- 0.9632 = .50 ret
- 0.9575 = .618 ret

Overbought/Oversold
Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (20-25 pips below the current prices) or gets into the oversold area (50-65 pips below 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 October 10, 2011

GBP/JPY is developing potential impulse wave 5 (colored light green in the chart) of medium term downtrend from 120.78. Within this wave two subwaves (colored royal blue in the chart), and subwave B is now developing from 116.91. The targets of the upmove are Fibonacci retracements of 127.31-116.78 and expansions off 116.91-119.93-119.10.
Resistances:
- 120.80 = .382 ret
- 120.97 = contracted objective point (COP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 116.91-119.93.
Supports:
- 118.78 = .382 ret
- 118.42 = .50 ret
- 118.06 = .618 ret

Overbought/Oversold
Assuming that the major wave is now down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (25-40 pips above the current prices).

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

GBP/USD candlestick analysis (long-term view)

The GBP/USD currency pair is demonstrating a rebound after it could not fixate below the support level 1.5344. Nevertheless the viewpoint at the pair remains bearish.
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

USD/JPY. Weekly and Monthly Pivot Points For October 10 - 14, 2011 _____WEEKLY_____ Weekly - R3 = 77,93 Weekly - R2 = 77,60 Weekly - R1 = 77,18 Weekly Pivot = 76,85 Weekly - S1 = 76,46 Weekly - S2 = 76,10 Weekly - S3 = 75,68 _____MONTHLY___ Monthly - R3 = 79,64 Monthly - R2 = 78,74 Monthly - R1 = 77,91 Monthly Pivot = 77,01 Monthly - S1 = 76,18 Monthly - S2 = 75,28 Monthly - S3 = 74.45 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 10 - 14th of October, 2011 _____WEEKLY____ Weekly - R3 = 1.6088 Weekly - R2 = 1.5867 Weekly - R1 = 1.5714 Weekly Pivot = 1.5493 Weekly - S1 = 1.5340 Weekly - S2 = 1.5119 Weekly - S3 = 1.4966 _____MONTHLY____ Monthly - R3 = 1.7066 Monthly - R2 = 1.6667 Monthly - R1 = 1.6125 Monthly Pivot = 1.5726 Monthly - S1 = 1.5184 Monthly - S2 = 1.4785 Monthly - S3 = 1.4243 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 10 - 14th of October, 2011 _____WEEKLY_____ Weekly - R3 = 1.0460 Weekly - R2 = 1.0169 Weekly - R1 = 0.9969 Weekly Pivot = 0.9678 Weekly - S1 = 0.9478 Weekly - S2 = 0.9189 Weekly - S3 = 0.8987 _____MONTHLY____ Monthly - R3 = 1.1564 Monthly - R2 = 1.1167 Monthly - R1 = 1.0414 Monthly Pivot = 1.0017 Monthly - S1 = 0.9264 Monthly - S2 = 0.8867 Monthly - S3 = 0.8114 Performed by Gerardo Porras Palomino, Analytical expert InstaForex Companies Group © 2007-2011 More analysis - at instaforex.com ================================================== ========================== ========= ================================================== ========================== ========= EUR/USD. Weekly and Monthly Pivot Points For October 10-14, 2011 ____WEEKLY_____ Weekly - R3 = 1.3926 Weekly - R2 = 1.3725 Weekly - R1 = 1.3551 Weekly Pivot = 1.3350 Weekly - S1 = 1.3176 Weekly - S2 = 1.2975 Weekly - S3 = 1.2801 ____MONTHLY______ Monthly - R3 = 1.5083 Monthly - R2 = 1.4733 Monthly - R1 = 1.4060 Monthly Pivot = 1.3710 Monthly - S1 = 1.3037 Monthly - S2 = 1.2687 Monthly - S3 = 1.2014 Performed by Gerardo Porras Palomino, Analytical expert InstaForex Companies Group © 2007-2011 More analysis - at instaforex.com ================================================== ========================== ========= ================================================== ========================== ========= USD/JPY wave analysis for October 10, 2011 On Friday the USD/JPY currency pair made an attempt to continue the indicated earlier upside movement and complete the formation of the c wave in the d of the estimated diagonal triangle. At the same time, in case on Monday the price cannot reach target levels near the 77.16-77.70 levels, after they are tested a rollback in the direction of the all-time lows reached earlier is quite possible. In the meantime it should be noticed that given the continuous horizontal movement it is quite difficult to predict when it ends, which in turn causes considerable risk when opening positions in any direction. Performed by Alexander Dneprovskiy, Analytical expert InstaForex Companies Group © 2007-2011 More analysis - at instaforex.com

Fundamental Analysis, October 11, 2011 German Chancellor Angela Merkel, announced on Thursday that he would propose to establish a tax on financial transactions at the next summit of Heads of State and Government of G-20, which will take place on 3rd and 4th November in Cannes ( France). For his part, President of the Eurogroup, Jean-Claude Juncker, said he believes that the report on Greece of the "troika" comprising the European Commission, the ECB and the IMF will probably be ready on October 24, giving birth green to the next tranche of aid for some 8,000 million euros. But across the Atlantic, the references to the U.S. labor market that met in the last three days last week were encouraging, private employment grew in September, declined requests for unemployment benefits weekly and last month were created 103,000 new jobs, which is the best result since last abri, l and the unemployment rate remained at 9.1%. Then, after falling risk aversion, the euro ended the week marking the highest figure of 1.35. Although the figure is clearly positive for the dollar, but the market is not moving by fundamentals in the strict sense and interpretation that gives a good figure, regardless of the country to which he belongs, is the relaxation tension and thus get rid of dollars long positions taken at the time, to take refuge from the uncertainties about a new recession and banking crisis and European debt. It is important to consider these arguments do not despair for not understanding the fall of the dollar with a good thing for the economy. Performed by Gerardo Porras, Analytical expert InstaForex Companies Group © 2007-2011 More analysis - at instaforex.com ================================================== ========================== ========= ================================================== ========================== ========= GBP/USD Technical Correction October 11 2011 (Daily Strategy) GBP/USD The UK pound - U.S. dollar is facing resistance from 1.5714 this level is the trigger for the initiation of the movement depends on breaking the resistance level of 1.5714. The daily close above this level will confirm that the pair apparently is not going to lower down your last point minimum around $ 1.5300 per pound. On the other hand if the pair corrected to the 1.5490 level and from that point takes a turn or continue their bullish seceuncia would confirm the figures technique shoulder head shoulder. It is important to note the 1.5400 support level as a point of escape in case of return of negative momentum in the pair sterling and U.S. dollar-negative sentiment in financial markets. Performed by Gerardo Porras, Analytical expert InstaForex Companies Group © 2007-2011 More analysis - at instaforex.com ================================================== ========================== ========= ================================================== ========================== ========= CRUDE OIL Bullish Outlook October 11 , 2011 (Daily Strategy) CRUDE OIL Crude futures rose to a maximum of eight days on Tuesday, from 74.84 minimum. due to a broad U.S. dollar weakness which increased the attractiveness of commodities after the French and German leaders pledged to introduce new measures to tackle the debt crisis in the region. At the moment is quoted 85.70. Here are two options, continue their upward sequence or decline again until 80.50. All low level in the oil price, will be a good opportunity to take a bullish position. Performed by Gerardo Porras, Analytical expert InstaForex Companies Group © 2007-2011 More analysis - at instaforex.com ================================================== ========================== ========= ================================================== ========================== ========= USD/JPY Wave Analysis for October 11, 2011 Yesterday’s negative market trend towards U.S. dollar prevented USD/JPY currency pair from upward movement which could have completed a wave diagonal triangle. At the same time, the price was slowly moving within a narrow sideway range at a 76.70 level. However, such vagueness may prevent the currency from completing the e wave of the triangle and provoke another testing of historic minimum levels. 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 October 12, 2011

AUD/USD is developing corrective wave A of medium term uptrend (colored light green in the chart). Within this wave there are A and B waves of smaller degree (colored magenta in the chart), with wave B still developing from 1.0014. The targets of the upmove are Fibonacci retracements of 0.987-1.0014, and expansions off 0.9387-1.0014-0.9865.
Resistances:
- 1.0077 = .50 retracement
- 1.0240-52 = confluence area of .618 ret and contracted objective point (COP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 0.9387-1.0014.
Supports:
- 0.9774 = .382 ret
- 0.9701 = .50 ret
- 0.9627 = .618 ret

Overbought/Oversold
Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (5-15 pips below the current prices) or gets into the oversold area (45-65 pips below 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 October 12, 2011

GBP/JPY is developing potential impulse wave 5 (colored light green in the chart) of medium term downtrend from 120.78. Within this wave there are two subwaves (colored royal blue in the chart), and subwave B is now developing from 116.91. The targets of the upmove are Fibonacci retracements of 127.31-116.78 and expansions off 116.78-120.78-116.91.
Resistances:
- 120.80 = .382 retracement
- 120.91 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 116.91-120.23, and expansions off 120.23-119.63-120.08.
Supports:
- 119.11 = expanded objective point (XOP)
- 118.96 = .382 ret
- 118.57 = .50 ret
- 118.51 = super expanded objective point (SXOP)
- 118.18 = .618 ret

Overbought/Oversold
Assuming that the major wave is now down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (30-45 pips above the current prices).

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