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
www.tradebankerstyle.com  

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

Roman Molodiashin

Wave analysis

AUD/USD is moving within impulse wave C of medium term downtrend (colored magenta in the chart) from 1.0668. Within this wave there are also A and B subwaves (colored red in the chart) with subwave B still developing from 1.0259.
The targets of the downmove are Fibonacci retracements of 0.9927-1.0768 and expansions off 1.0768-1.0486-1.0665.
Supports:
- 1.0248 = .618 retracement
- 1.0209 = expanded objective point (XOP)
- 0.9927 = super expanded objective point (SXOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0665-1.0259.
Resistances:
- 1.0414 = .382 ret
- 1.0462 = .50 ret
- 1.0510 = .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 (current prices) or gets into the overbought area (20-30 pips above the current prices).
http://instaforex.com/forex_analysis/38442/?x=OUE

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

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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, 124.36-123.51-124.22.
Supports:
- 122.19 = contracted objective point (COP)
- 121.99-95 = confluence area of super expanded objective point (SXOP) and 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 (10-15 pips above the current prices) or into the overbought area (35-50 pips above the current prices).
http://instaforex.com/forex_analysis/38262/?x=OUE

USD/CAD Technical Analysis for 9 September 2011

Vladimir Donin

Technical analysis


Support levels: 0.9742, 0.9635, 0.9568
Resistance levels: 1.0000, 1.0050, 1.0209

In a 4-hour chart USD/CAD pulls back after a sharp increase. Previously, USD/CAD tested a support level at 0.9742 without success which probably forwarded the currency pair to a parity level. In case it breaks the parity level, the trend turns bullish.
As written before, a fresh upward movement is confirmed by a breakthrough of the downward channel’s upper level and a previously developed MACD /RSI divergence. Moreover, a breakthrough of resistance level at 0.9780-0.9800 signified a new mid-term bottom at 0.9406 and opened the way to 1.0000. In case the price breaks a 1.0000 level, the next upward target will be at 1.0209.
However, short-term signals indicate a downward. In particular, MACD reveals a downfall to its key level, while RSI falls from an overbought level at 70.0. In case the downward movement continues, a breakthrough of a major support level at 0.9400 will forward the price to fresh multi-year minimums. A downward movement to 0.9172, which is a 61.8 Fibonacci Projection level from 1.0670 to 0.9445, can also be expected.
In mid-term trend, a breakthrough of a support level at 0.9930 indicated further mid-term movement from 1.3063 (maximum of 2009) to a 0.9400 target level. However, the downward movement is likely to be a correction and has a strong support level at 0.9056–0.9700.
In case of a pullback, a breakthrough of a 1.0851 level will confirm a breakthrough of the downward trend from 1.3063. In this case USD/CAD is expected to move upward to a resistance level at 1.1126 with a further target at 1.1866.

http://instaforex.com/forex_analysis/38176/?x=OUE 

EUR/JPY Intraday Technical analysis 2011-09-08

Albert Fitoussi

Technical analysis


The spot rate is currently testing the intermediate support of its medium term bearish channel in 107.80 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 106.40.
According to previous events, the market indicates a bullish opportunity on the levels of 107.80 with a 1st objective of 109.00, then 109.20. A break in 107.60 would invalidate this scenario.

http://instaforex.com/forex_analysis/38078/?x=OUE

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

Roman Molodiashin

Wave analysis

AUD/USD is moving within impulse wave C (colored red in the chart) from 1.0624 that is part of wave A of larger degree (colored royal blue in the chart) from 1.0771. Now the targets of the downmove are Fibonacci retracements of 0.9928-1.0771, 1.0315-1.0771, and expansions off 1.0771-1.0502-1.0624.
Supports:
- 1.0489 = .618 retracement, reached already (!)
- 1.0458-49 = confluence area of contracted objective point (COP) and .382 ret
- 1.0355-50 = confluence area of objective point (OP) and .50 ret
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0771-1.0486.
Resistances:
- 1.0629 = .50 ret
- 1.0662 = .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 (current prices) or gets into the overbought area (current prices).
http://instaforex.com/forex_analysis/37958?x=OUE
 

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AUD/USD Elliott wave count and Fibonacci levels for September 6, 2011

Roman Molodiashin

Wave analysis

AUD/USD is moving within impulse wave 5 (colored orange red in the chart) from 1.0590 that is part of wave A of larger degree (colored royal blue in the chart) from 1.0771. Now the targets of the downmove are Fibonacci retracements of 0.9928-1.0771, 1.0315-1.0771, and expansions off 1.0735-1.0518-1.0590.
Supports:
- 1.0489 = .618 retracement
- 1.0456-49 = confluence area of contracted objective point (COP) and .382 ret
- 1.0373 = objective point (OP)
- 1.0350 = .50 ret
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0771-1.0504.
Resistances:
- 1.0606 = .382 ret
- 1.0638 = .50 ret
- 1.0669 = .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 (10-15 pips above the current prices) or gets into the overbought area (25-35 pips above the current prices).
http://instaforex.com/forex_analysis/37812/?x=OUE
 www.TradeBankerStyle.com 

EUR/USD. Weekly and Monthly Pivot Points, For 05 - 09/ September, 2011

Gerardo Porras Palomino

Forecast

____WEEKLY_____
Weekly - R3 = 1.4806
Weekly - R2 = 1.4677
Weekly - R1 = 1.4441
Weekly Pivot = 1.4312
Weekly - S1 = 1.4076
Weekly - S2 = 1.3947
Weekly - S3 = 1.3711

____MONTHLY______
Monthly - R3 = 1.5091
Monthly - R2 = 1.4820
Monthly - R1 = 1.4597
Monthly Pivot = 1.4323
Monthly - S1 = 1.4103
Monthly - S2 = 1.3832
Monthly - S3 = 1.3609

http://instaforex.com/forex_analysis/37796/?x=OUE

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EUR/USD Intraday Important Level For September 02nd / 2011

Arief Makmur

Technical analysis

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4337.
Strong Resistance : 1.4329.
Original Resistance : 1.4315.
Inner Sell Area : 1.4301.
Target Inner Area : 1.4267.
Inner Buy Area : 1.4233.
Original Support : 1.4219.
Strong Support : 1.4205.
Breakout SELL Level : 1.4196.

SHORT  DESCRIPTION :

Today EUR/USD will find its Support and Resistance between 1.4219 and 1.4315; and this pair today has a strong Support at 1.4205 and a strong Resistance at 1.4329; if today EUR/USD breaks out and closes below 1.4196 it will be sign for a SHORT trading for today; on the other hand, if this currency breaks out and closes above 1.4337, it will be sign for a LONG trading for today. Another option for the advanced trader can be trading between Inner Buy Level at 1.4233 for LONG trading and Inner Sell Level at 1.4301 for SHORT trading, and both of them (Inner BUY & Inner SELL Level) with the target at 1.4267.

http://instaforex.com/forex_analysis/37568/?x=OUE

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EURUSD Marks a Tentative Breakout but What About Follow Through?

 John Kicklighter

Senior Currency Strategist

EURUSD Marks a Tentative Breakout but What About Follow Through?

Watch todays video: DailyFXVideo

GBP/USD Bullish Above 1.6190 , September 01, 2011 (Daily Strategy)

Technical analysis

GBP/USD
During yesterday the pound lost ground, because the Net Lending to Individuals turned out to be negative. Anyway the fact of keeping intact the U.S. interest rate for two years and comments about a third incentive plan impede the dollar will rise.

In my view, the pound-dollar pair is also convenient to purchase their current price levels, but should pay attention to the level of proof of $ 1.6020. This level has to be overcome to allow the pair to continue to rise. Our price target over the medium term is located around the significant resistance level of 1.6560, dollars per pound.

http://instaforex.com/forex_analysis/37530/?x=OUE 

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