GBP/JPY Elliott wave count and Fibonacci levels for December 30, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is now moving within potential impulse wave C (colored light green in the chart) from 122.71. Wave C will be confirmed when the price breaks below 119.31 (top of wave A). On smaller timeframes this wave has A, B and C subwaves of smaller degree (colored red in the chart), and subwave C is still developing from 122.21. We calculate the immediate supports using Fibonacci expansions off 127.25-119.31-122.71, 122.71-121.54-122.21, 122.21-119.48-119.96.

Immediate supports:

- 119.15 = super expanded objective point (SXOP)
- 118.27 = contracted objective point (COP)
- 117.80 = COP
- 117.23 = objective point (OP)

If the price reverses to the upside to retrace after the downfall, the immediate resistances will be Fibonacci retracements of the wave down from 122.21, however this wave is not developed, so no resistances are available so far.

Overbought/Oversold

Assuming that the major wave is now moving down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (5-10 pips above the current prices) or into the overbought area (20-30 pips above the current prices), watch for entries short at the indicated supports.

http://instaforex.com/forex_analysis/47093/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for December 29, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing potential impulse wave C (colored light green in the chart) from 122.71. On smaller timeframes this wave has A, B and C subwaves of smaller degree (colored red in the chart) with subwave C still developing from 122.21. We calculate the targets below using Fibonacci expansions off 127.25-119.31-122.71, 122.71-121.54-122.21.

Long term supports:

- 119.15 = super expanded objective point (SXOP)
- 117.80 = contracted objective point (COP)

If the price keeps retracing after yesterday's decline the immediate resistances will be Fibonacci retracements of 122.21-120.01, 122.71-120.01.

Resistances:

- 120.85 = .382 retracement
- 121.04-11 = .382 and .50 retracements
- 121.36-37 = .50 and .618 retracements
- 121.68-74 = .618 and .786 retracements

Overbought/Oversold

Assuming that the major wave is now moving down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (5-10 pips above the current prices) or into the overbought area (30-40 pips above the current prices), watch for entries short at the indicated supports.

http://instaforex.com/forex_analysis/47027/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for December 28, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A, B, and C subwaves (colored royal blue in the chart), with subwave С still developing from 120.23. Within the latter there are 2 subwaves (colored magenta in the chart). The targets of the upmove are Fibonacci retracements of 127.25-119.31, and expansions off 119.31-122.64-120.23, 120.23-122.71-121.54, 121.54-122.21-121.65.

Resistances:

- 122.06 = contracted objective point (COP)
- 122.32 = objective point (OP)
- 122.73 = expanded objective point (XOP)
- 123.07 = COP
- 123.28 = .50 retracement
- 123.56 = OP

If the price reverses to the downside the immediate supports will be Fibonacci retracements of 120.23-122.71, and expansions off 122.71-121.54-121.92.

Supports:

- 121.47 = .50 ret
- 121.20-18 = confluence area of COP and .618 ret
- 120.75 = OP

Overbought/Oversold

Assuming that the major wave is now moving up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (15-25 pips below the current prices), watch for entries long at the specified supports.

http://instaforex.com/forex_analysis/46943/?x=OUE

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

Wave analysis

Roman Molodiashin

GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A, B, and C subwaves (colored royal blue in the chart), with subwave С still developing from 120.23. Within the latter there are 2 subwaves (colored magenta in the chart). The targets of the upmove are Fibonacci retracements of 127.25-119.31, and expansions off 119.31-122.64-120.23, 120.23-122.71-121.54.

Resistances:

- 123.07 = contracted objective point (COP)
- 123.28 = .50 retracement
- 123.56 = objective point (OP)

If the price reverses to the downside the immediate supports will be Fibonacci retracements of 120.23-122.71, and expansions off 122.71-121.54-121.92.

Supports:

- 121.47 = .50 ret
- 121.20-18 = confluence area of COP and .618 ret
- 120.75 = OP

Overbought/Oversold

Assuming that the major wave is now moving up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (10-15 pips below the current prices) or into the oversold area (30-40 pips below the current prices), watch for entries long at the specified supports.

http://instaforex.com/forex_analysis/46877/?x=OUE

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EUR/JPY: Weekly Technical Levels for December 26th -- 30th, 2011.

Technical analysis

Mourad El Keddani

Weekly Technical Levels:

Tip (s):

R3 and S3 are good indication for the maximum range for extremely volatile days but can be exceeded occasionally.

Pivot lines work well in sideways markets as prices will most likely range between the R1 and S1 line.

In a strong trend, price will be low through a pivot point line and keep going.

If there is significant news to influence the market price may go straight through R1 or S1 and reach even R2 & R3 or S2 & S3.

Time Frame: H4.

Drag your Fibonacci retracement levels from the lower to the higher of the last week from 19^th of November to 23^rd of December, 2011 in order to determine low and high price.

Average = (Higher - Lower) / 2
Average = 101.89

• Range was: 126 pips.
• The value of 50% Fibonacci retracement levels is: 101.89.
• 101.05 will be formed a strong support.
• 102.80 will be formed a strong resistance.
• Volatility is 1283.81 so the market has called for a high volatile.
• It should be noted that the price has still been trapped between 100.62 and 103.14. Aswell the weekly pivot point equal the 38.2% of Fibonacci retracement levels.
  

  Observation (s):

  • If the strength of the trend for pair is an uptrend, then the strength of the currency: EUR is an uptrend and JPY is a downtrend.
  • Most of traders use the Fibonacci retracement to determine accurate psychology level of support and resistance.
  • Volatility Formulas: Variation = Average * (Higher - Lower).
    

http://instaforex.com/forex_analysis/46727/?x=OUE

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GBP/USD Intraday Technical Analysis & Trade Recommendation December 22 , 2011

Technical analysis

Mohamed Samy

Looking at the GBP/USD 1H chart, we notice that the pair had a sharp rise during the last two days.

Meeting a resistance area between 1.5700-1.5750 which is a strong daily resistance, the pair formed a Head & Shoulders reversal pattern.

Now the pair is testing the lower limit of both violet & yellow channel and about to break them to the downside.

VIOLET CHANNEL represents Yesterday's movement.
BLUE CHANNEL represents the last 2 days' movement.
YELLOW CHANNEL represents the last 3 days' movement.

Based on the previous analysis:

The market offers a short opportunity when the pair closes below 1.5645 breaking both neck-line of the reversal pattern & the lower limit of both marked channels.

SL should be placed above 1.5705 & TP should be at 1.6005 then 1.5555 with possible further targets.

http://instaforex.com/forex_analysis/46525/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for December 21, 2011

Roman Molodiashin

Wave analysis

GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A, B, and C subwaves (colored royal blue in the chart), with potential subwave С still developing from 120.23. Within the latter there are A, B and C subwaves (colored red in the chart). The targets of the upmove are Fibonacci expansions off 119.31-122.64-120.23, 120.23-121.08-120.36.

Resistances:

- 122.29 = contracted objective point (COP)
- 122.59 = super expanded objective point (SXOP)

- 123.56 = objective point (OP)

If the price reverses to the downside the immediate supports will be Fibonacci retracements of 120.36-122.10.

Supports:

- 121.44 = .382 retracement
- 121.23 = .50 ret
- 121.02 = .618 ret

Show full picture
Overbought/Oversold

Assuming that the major wave is now moving up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (20-30 pips below the current prices), watch for entries long at the specified supports.

Read more on how to trade with Fibonacci levels.

http://instaforex.com/forex_analysis/46451/?x=OUE

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AUD/USD: Technical Analysis and Trading Recommendations for December 20th -- 21st, 2011.

Technical analysis

Mourad El Keddani

 

Pivot Point: 0.9923.

Intraday Technical levels ((20^th of December 2011)):

R3:1.0069
R2:1.0028
R1:0.9964
PP:0.9923
S1:0.9859
S2:0.9818
S3:0.9754

Overview:

AUD/USD's turbulent fall from 1.0325 has extended further to as low as 0.9861 last week, and it closed at 0.9899 yesterday, the price has still placed below 38.2% of Fibonacci retracement levels a week ago. Aswell it should be noted that the price had formed a strong resistance at 1.0080. Futhermore, this strong level has still been trapped between 50% of Fibonacci retracement levels and 38.2% on H4 chart. hence it is probably that the market will start showing the signs of bearish market again in order to indicate a bearish opportunity from the level of 1.0080 with targets towards the strong support around 0.9860. Meanwhile; the bears were forced to pullback at the level of this area, therefore this level will be formed a strong support at 0.9785 in order to indicate a bullish opportunity above the support , so it will a good sign to buy above 0.9785 with a target at 0.9900 and it might resume to 1.0080.

Trading Recommendations:

According to previous events, the price has still been trapped between 1.0078 of Fibonacci retracement levels and 0.9785.

• Buy above 0.9785 with targets towards 1.008.
• Sell below 1.0080 (H4 chart), it will call for downtrend in order to continue bearish towards 0.9919 then 0.9860.

• Observation (s):

  • Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
  • Strong Support: 0.9781.
  • Strong Resistance: 1.0100.

http://instaforex.com/forex_analysis/46389/?x=OUE

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EUR/USD: Weekly Technical Levels for December 19th -- 23rd, 2011.

Weekly Technical Levels:

Tip (s):

R3 and S3 are good indication for the maximum range for extremely volatile days but can be exceeded occasionally.

Pivot lines work well in sideways markets as prices will most likely range between the R1 and S1 line.

In a strong trend, price will be low through a pivot point line and keep going.

If there is significant news to influence the market price may go straight through R1 or S1 and reach even R2 & R3 or S2 & S3.

Time Frame: H1.

Drag your Fibonacci retracement levels from the lower to the higher of the last week from  12^nd of December to 16^th of December, 2011 in order to determine low and high price.

Average = (Higher - Lower) / 2
Average = 1.3166

• Range was: 442 pips.
• The value of 50% Fibonacci retracement levels is: 1.3166.
• 1.25 will be formed a strong support.
• 1.37 will be formed a strong resistance.
• Volatility is 581.00 so the market has called for a high volatile.
• It should be noted that the price has still been trapped between 1.295 and 1.310.
• Pivot point will be formed a strong level, it's meaning that the market will call for bullish if the price is above it.

• Observation (s):

  • If the strength of the trend for pair is an uptrend, then the strength of the currency: EUR is an uptrend and USD is a downtrend.
  • Most of traders use the Fibonacci retracement to determine accurate psychology level of support and resistance.
  • Volatility Formulas: Variation = Average * (Higher - Lower).
    
    http://instaforex.com/forex_analysis/46195/?x=OUE

GBP/JPY Elliott wave count and Fibonacci levels for December 16, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A and B subwaves (colored royal blue in the chart), with subwave B still developing from 122.64. Within the latter there are A, B and C subwaves (colored magenta in the chart). The immediate supports are Fibonacci expansions off 122.64-120.86-122.17.

Supports:

- 119.29 = expanded objective point (XOP)

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 122.17-120.23, and expansions off 120.23-120.87-120.47.

Resistances:

- 121.11 = objective point (OP)
- 121.20 = .50 ret
- 121.43 = .618 ret
- 121.51 = 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 (5-10 pips above the current prices) or into the overbought area (35-50 pips above the current prices), watch for entries short at the specified resistances.

http://instaforex.com/forex_analysis/46139/?x=OUE

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Fundamental Analysis, December, 15 / 2011

Fundamental analysis

Gerardo Porras

The upward thrust of the dollar seems to have found at least temporary shelter in the last hours, and European currencies catching up slowly.

While the monetary policy announcement by the Swiss National Bank gave strength to the franc, which rose nearly 100 points not only against the dollar but also against the euro, raw materials changed its course downward in recent days, and gave impetus to their currencies pegged.

Thus, the Australian dollar, which offered almost no movement and was anchored at 0.9890 throughout the Asian session, recovered quickly positions this time, the Canadian dollar and slowing its fall had led him to 1.0420 during the Wednesday.

However, these corrections seem, for now, be accepted as circumstantial as a profit-taking after the strong movements of the early days of the week.
The main reference currency market, the euro, the final hours played at its lowest for more than 11 months against the dollar, in a bearish rally, as stated above, it loses strength at the moment, but everything suggests that it is a "rest" and then continue his journey in the same direction.

A large number of reports give rhythm to the U.S. session, the usual weekly jobless requests on Thursdays, at 8:30 Eastern, today joined the wholesale inflation rate, at the same time, the account balance current, and the New York manufacturing index. At 9:15 will be the turn of the industrial production index and capacity utilization, and 10:00, the index of the Philadelphia Fed.

http://instaforex.com/forex_analysis/46095/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for December 14, 2011

Wave analysis

Roman Molodiashin

AUD/USD is developing potential impulse wave C of medium term downtrend (colored light green in the chart) from 1.0379. Within this wave there are three subwaves (colored magenta in the chart) with impulse subwave C still developing from 1.0224. The targets of the downmove are Fibonacci retracements of 0.9663-1.0379, and expansions off 1.0379-1.0048-1.0224, 1.0224-1.0029-1.0161.

Supports:

- 0.9966 = objective point (OP)
- 0.9937 = .618 retracement
- 0.9893 = objective point (OP)
- 0.9845 = expanded objective point (XOP)

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0379-0.9979.

Resistances:

- 1.0132 = .382 ret
- 1.0179 = .50 ret
- 1.0226 = .618 ret

Overbought/Oversold

Assuming that the larger wave is now moving down it's preferable to try short positions when the Detrended Oscillator goes above the zero level (current prices) or gets into the overbought area (20-35 pips above the current prices), watch for entries short at the specified resistances.

http://instaforex.com/forex_analysis/45860/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for December 13, 2011

Wave analysis

Roman Molodiashin

AUD/USD is developing potential impulse wave C of medium term downtrend (colored light green in the chart) from 1.0379. Within this wave there are three subwaves (colored red in the chart) with impulse subwave C still developing from 1.0224. The targets of the downmove are Fibonacci retracements of 0.9663-1.0379, and expansions off 1.0379-1.0048-1.0224.

Supports:

- 1.0021-19 = confluence area of .50 ret and COP
- 0.9937 = .618 ret
- 0.9893 = objective point (OP)

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 1.0379 - this wave is not developed so no resistances are available so far.

Overbought/Oversold

Assuming that the larger wave is now moving down it's preferable to try short positions when the Detrended Oscillator goes above the zero level (current prices) or gets into the overbought area (10-30 pips above the current prices), watch for short entries at the specified resistances.

http://instaforex.com/forex_analysis/45760/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for December 12, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A, B and C subwaves (colored royal blue in the chart), with subwave C still developing from 120.86. The targets of the upmove are Fibonacci expansions off 119.31-122.64-120.86, 120.86-122.17-121.11.

Resistances:

- 121.92 = contracted objective point (COP)
- 122.42 = objective point (OP)
- 122.92 = COP
- 123.23 = expanded objective point (XOP)

If the price keeps declining the immediate supports will be Fibonacci retracements of 119.31-122.64, and expansions off 122.64-120.86-122.17.

Supports:

- 121.07 = COP
- 120.58 = .618 retracement
- 120.39 = OP

Overbought/Oversold

Assuming that the major wave is now up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (15-30 pips below the current prices), watch for long trades at the specified supports.

http://instaforex.com/forex_analysis/45658/?x=OUE 

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GOLD Intraday Technical analysis 2011-12-09

Technical analysis

Albert Fitoussi

The gold is currently testing the intermediate support of its medium term bullish channel in 1701 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1635.

According to previous events, the market indicates a bullish opportunity on the levels of 1701 with a 1st objective of 1715, then 1720. A break in 1698 would invalidate this scenario.
 

http://instaforex.com/forex_analysis/45574/?x=OUE

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