AUD/USD Elliott wave count and Fibonacci levels for September 30, 2011

Wave analysis

Roman Molodiashin

AUD/USD is developing impulse wave C of medium term downtrend (colored royal blue in the chart) from 1.0401. Within this wave there are also two subwaves (colored magenta in the chart) with subwave B still developing from 0.9621. However this subwave may be potentially over at 0.9985.
The targets of the upmove are Fibonacci retracements 1.0401-0.9621, and expansions off 0.9621-0.9985-0.9701.
Resistances:
- 0.9926 = contracted objective point (COP)
- 1.0011 = .50 retracement
- 1.0065 = objective point (OP)
- 1.0103 = .618 ret
If the price keeps moving down the immediate supports will be Fibonacci expansions off 1.0768-1.0181-1.0401, 1.0401-0.9621-0.9985, 0.9985-0.9701-0.9878.
Supports:
- 0.9702 = COP
- 0.9594 = OP
- 0.9503 = COP
- 0.9418 = expanded objective point (XOP)


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 (current prices) or gets into the overbought area (30-50 pips above the current prices).
http://instaforex.com/forex_analysis/40110/?x=OUE

AUD/USD Elliott wave count and Fibonacci levels for September 29, 2011

Wave analysis

Roman Molodiashin

AUD/USD is developing impulse wave C of medium term downtrend (colored royal blue in the chart) from 1.0401. Within this wave there are also two subwaves (colored magenta in the chart) with subwave B still developing from 0.9621. However this subwave may be potentially over at 0.9985.
The targets of the upmove are Fibonacci retracements 1.0401-0.9621.
Resistances:
- 1.0011 = .50 retracement
- 1.0103 = .618 ret
If the price keeps moving down the immediate supports will be Fibonacci expansions off 1.0768-1.0181-1.0401, 1.0401-0.9621-0.9985, 0.9985-0.9843-0.9954.
Supports:
- 0.9582 = super expanded objective point (SXOP)
- 0.9503 = contracted objective point (COP)
- 0.9451 = expanded objective point (XOP)
- 0.9205 = objective point (OP)


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 (current prices) or gets into the overbought area (current prices).
http://instaforex.com/forex_analysis/39978/?x=OUE

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

Wave analysis

Roman Molodiashin

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), and subwave A is now developing against the downtrend from 116.78. Within this wave there are four waves of still smaller degree (colored orange red) with subwave 4 still developing. the targets of the upmove are Fibonacci retracements of 127.31-116.78, and expansions off 116.82-118.84-117.70.
Resistances:
- 120.80 = .382 retracement
- 120.97 = expanded objective point (XOP)
- 122.05 = .50 ret
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 116.78-120.39.
Supports:
- 119.01 = .382 ret
- 118.59 = .50 ret
- 118.16 = .618 ret

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 (5-10 pips below the current prices) or into the oversold area (30-40 pips below the current prices).
http://instaforex.com/forex_analysis/39846/?x=OUE

EUR/JPY Intraday Technical analysis 2011-09-27

Technical analysis

Albert Fitoussi

The spot rates approach to the upper limit of its medium term bearish channel in 103.60 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 103.60 with a 1st objective of 104.20, then 104.60. A break in 103.40 would invalidate this scenario.
http://instaforex.com/forex_analysis/39706/?x=OUE

GBP/USD Intraday Technical Analysis September 26, 2011

Technical analysis

Mohamed Samy

The reaction of the pair to the support level 1.5340 is very bullish.
We have Friday's daily candlestick closure as a bullish engulfing coming after hiting the support level indicating that breakout of the Fibonacci level 50% (1.5485) may be a false one.
The upcoming level that may act as resistance is 1.5588 which is the upper limit of the support zone which is broken to the downside till now & representing the upper limit of the narrow bearish channel marked on the chart.
For the long-term scale, We have 1.5760 & 1.5890 as strong resistance levels for the pair which may act as valid SHORT entry levels when visited.

We have a suggested LONG position around the level 1.5345 giving profits till now.
Now the pair is trying to re-stabilize above the 50% Fibonacci level  & escape the bearish channel.
For the intraday traders, break of 1.5485 will give a valid LONG signal at the retest with  TP at 1.5580 then 1.5650.
SL should be 4H closure below 1.5430.
http://instaforex.com/forex_analysis/39652?x=OUE  

AUD/USD Elliott wave count and Fibonacci levels for September 23, 2011

Wave analysis

Roman Molodiashin

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).
http://instaforex.com/forex_analysis/39424/?x=OUE

AUD/USD Elliott wave count and Fibonacci levels for September 22, 2011

Roman Molodiashin

Wave analysis


AUD/USD is moving within impulse wave A of medium term downtrend (colored royal blue in the chart) from 1.0748. Within this wave there are also five subwaves (colored magenta in the chart) with subwave 5 still developing from 1.0401.
The targets of the downmove are Fibonacci expansions off 1.0768-1.0486-1.0665, 1.0665-1.0181-1.0401, 1.0401-1.0152-1.0312, 1.0312-1.0185-1.0263.
Supports:
- 0.9931-27 = confluence area of two super expanded objective points (SXOP)
- 0.9917-09 = confluence area of objective point (OP) and expanded objective point (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 1.0312 - this wave is not developed yet, 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 (20-25 pips above the current prices) or gets into the overbought area (45-60 pips above the current prices).
http://instaforex.com/forex_analysis/39304/?x=OUE

GBP/JPY Elliott wave count and Fibonacci levels for September 22, 2011

Roman Molodiashin

Wave analysis



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:
- 118.29 = objective point (OP)
- 117.70 = OP
- 117.38 = expanded objective point (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 120.51-118.32.
Resistances:
- 119.16 = .382 retracement
- 119.41 = .50 ret
- 119.67 = .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 (10-15 pips above the current prices) or into the overbought area (30-40 pips above the current prices).
http://instaforex.com/forex_analysis/39306/?x=OUE 

Today's Video: A lot of the conversation surrounds $EURUSD

John Kicklighter

Senior Currency Strategist

 Today's Video: A lot of the conversation surrounds $EURUSD given the Fed decision and Euro Crisis. We branch out though http://t.co/vTgZfh0b

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

Roman Molodiashin

Wave analysis



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.
Supports:
- 119.11 = super expanded objective point (SXOP)
- 118.77 = contracted objective point (COP)
- 118.68 = expanded objective point (XOP)
- 118.47 = objective point (OP)
- 117.20 = OP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 124.36-119.41, and 122.22-119.41.
Resistances:
- 120.48 = .382 retracement
- 120.82 = .50 ret
- 121.15 = .618 ret
- 121.30 = .382 ret
- 121.88 = .50 ret
- 122.47 = .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 (10-15 pips above the current prices) or into the overbought area (30-40 pips above the current prices).
http://instaforex.com/forex_analysis/39178/?x=OUE

Fundamental market review for September 20, 2011

Natalia Grigorieva

Fundamental analysis



The euro started falling down on Monday, as political accidents of the last weekend caused escaping from risks. Confidence in the ability of Europe to cope with the debt crisis brought about Angela Merkel’s party defeat in regional elections and the decision of Greek prime minister to cancel his visit to the USA due to urgent meeting of the cabinet.
"What happens this week? The euro is going to come under pressure — as it already has this morning," said Rob Ryan, FX strategist at BNP Paribas in Singapore.
Despite an unexpected decision of five largest central banks to provide European banks with considerable dollar liquidity made on Thursday, market participants are still uncertain that the financial troubles will be mitigated in the nearest time. Moreover, Parliaments of all eurozone countries are to ratify the decision on boosting the European Financial Stability Facility, which is hardly guaranteed though.
On Sunday Greece pledged to make firm decisions to avoid a default; however it did not announce a fresh round of austerity measures. "Greece has a substantial problem, perhaps an insoluble one," said David Feldman, President of investment firm Palladiem Partners, L.P. "I don't see an easy exit for them."
The lack of a permanent solution means that the probability of a disorderly default is "uncomfortably close to 50/50". That would put further pressure on the euro. Greek Prime Minister George Papandreou cancelled a visit to the United States to chair a cabinet meeting as on the following day EU and IMF inspectors were to come and ask his Finance Minister Evangelous Venizelos about Athens’s plans to patch Greek budget holes.


http://instaforex.com/forex_analysis/39020/?x=OUE 

GBP/JPY Elliott wave count and Fibonacci levels for September 19, 2011

Roman Molodiashin

Wave analysis


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 anc 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, 122.22-120.73-121.70.
Supports:
- 120.21 = objective point (OP)
- 119.90 = contracted objective point (COP)
- 119.29 = expanded objective point (XOP)
- 119.11 = super expanded objective point (SXOP)
- 118.68 = XOP
- 118.47 = OP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 124.36 - this wave is not developed, so no resistances are available so far.



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 (10-15 pips above the current prices) or into the overbought area (30-40 pips above the current prices).
http://instaforex.com/forex_analysis/38914/?x=OUE 

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

Roman Molodiashin

Wave analysis


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.
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, 124.36-121.27-120.61-122.22.
Supports:
- 119.90 = contracted objective point (COP)
- 119.77 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 124.63-120.61, and expansions off 120.61-122.22-120.97.
Resistances:
- 121.96 = COP
- 122.15 = .382 retracement
- 122.58-62 = confluence area of OP and .50 ret
- 123.09 = .618 ret
- 123.57 = expanded objective point (XOP)



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 (15-30 pips above the current prices).
http://instaforex.com/forex_analysis/38814/?x=OUE

USD/CAD Intraday Technical Analysis September 15, 2011

Fundamental analysis

Gerardo Porras

 

The importance of resistance level 0.9970 is previously mentioned in former articles.
We suggested having a short position around it  (0.9969) with TP at 0.9910, 0.9830 then 0.9770.
The price went in our favor achieving the 1st TP at 0.9910.
We notice that the current daily candlestick tested the high of Yesterday's candle 0.9940 and failed to stabilize there.



On 4H chart, We have obvious sideway movement that started in August 4.
Now the pair is testing the short term low at 0.9890 then 0.9830.
We need to see strong break of these lows in order to open the way for further TP.
The remaining TP levels are 0.9830 then 0.9770.
SL should be daily closure above 1.0000.

http://instaforex.com/forex_analysis/38756/?x=OUE

GBP/JPY Elliott wave count and Fibonacci levels for September 14, 2011

Roman Molodiashin

Fundamental analysis


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.
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, 124.36-121.27-122.55, 122.55-121.29-121.99.
Supports:
- 120.85 = objective point (OP)
- 120.73-64 = confluence area of objective point (OP) and contracted objective point (COP)
- 119.95 = expanded objective point (XOP)
- 119.77 = OP
- 119.46 = OP
- etc.
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 122.55 - this wave is not developed yet, so no resistances are available so far.

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 (20-25 pips above the current prices) or into the overbought area (50-60 pips above the current prices).
http://instaforex.com/forex_analysis/38570/?x=OUE
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