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

Wave analysis

Roman Molodiashin

AUD/USD is developing wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C subwaves (colored magenta in the chart), with subwave C still developing from 0.9865. The targets of the upmove are Fibonacci retracements of 0.987-1.0014, and expansions off 0.9387-1.0014-0.9865, 0.9865-1.0231-1.0101.
Resistances:
- 1.0240-52 = confluence area of .618 retracement and contracted objective point (COP)
- 1.0327 = COP
- 1.0467 = objective point (OP)
- 1.0492 = OP
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 0.9865-1.0231, 0.9387-1.0231.
Supports:
- 1.0091 = .382 ret
- 1.0048 = .50 ret
- 1.0005 = .618 ret
- 0.9909 = .382 ret
- 0.9809 = .50 ret
- 0.9709 = .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 (10-15 pips below the current prices) or gets into the oversold area (40-55 pips below the current prices).
http://instaforex.com/forex_analysis/41453/?x=OUE

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GOLD Intraday Technical analysis 2011-10-13

Technical analysis

Albert Fitoussi

Gold is currently testing the intermediate resistance of its medium-term bullish channel in 1695 suggesting a decline . However a break of these levels would allow it to reach the upper limit of its channel to 1716.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1695 with a 1st objective of 1710, then 1715. A break in 1692 would invalidate this scenario.

http://instaforex.com/forex_analysis/41311/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for October 12, 2011

Roman Molodiashin

Wave analysis


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).
http://instaforex.com/forex_analysis/41221/?x=OUE

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EUR/JPY Intraday Technical analysis 2011-10-11

Technical analysis

Albert Fitoussi

The spot rates approach to the upper limit of its medium term bearish channel in 105.30 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 105.30 with a 1st objective of 105.80, then 106.20. A break in 105.10 would invalidate this scenario.

http://instaforex.com/forex_analysis/41101/?x=OUE

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EUR/USD Intraday Technical Level For October 7th / 2011

Technical analysis

Arief Makmur

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3491.
Strong Resistance : 1.3483.
Original Resistance : 1.3470.
Inner Sell Area : 1.3457.
Target Inner Area : 1.3425.
Inner Buy Area : 1.3392.
Original Support : 1.3380.
Strong Support : 1.3366.
Breakout SELL Level : 1.3358.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3380 and 1.3470 is accompanied by a strong support at 1.3366 and 1.3483 for the strong resistance; If today EUR/USD can break out and close below the 1.3358 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3491 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3392 and 1.3457 for SELL position in which case both targets are located at the 1.3425 level.
http://instaforex.com/forex_analysis/40811/?x=OUE

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Fundamental Analysis, October 06, 2011

Fundamental analysis

Gerardo Porras

Yesterday, world stock markets showed a growth of contributions to the growing optimism of investors, supported by rumors that the EC is preparing a plan to recapitalize European banks to large scale and in the expectation that the IMF could be studying a fund to buy debt Italian and Spanish. The mood of investors has improved thanks to discussions taking new measures to support the European banking system and after the macroeconomic statistics output stronger than expected in the United States. The dollar weakened yesterday against most major currencies in cash, except the British pound and Swiss franc while the dollar index, which reflects the dynamics against a basket six currencies, fell yesterday to 79.00 from 79.83 the Tuesday.
This morning the British currency fell almost 200 points against the dollar in a few minutes, and now recovers mildly positions after reaching the minimum 1.5275.
Within few minutes, the monetary policy announcement of the European Central Bank. In this regard, many analysts believe a rate cut timely interest. However, the publication of retail inflation in the Eurozone, met last week, would not lead to a measure of this type. In situations like the current one is clearly showing the difference between countries that have a certain economic boom and those who do not. An interest rate cut might somehow encourage Greece and other countries in crisis. Instead, it would be very damaging for Europe's largest economy, Germany.
The press conference of ECB President Trichet, from 8:30 am Eastern will shed light on the fundamentals of the ad. Trichet leaves office in the coming weeks, after which management will be able to criticize many things except one: not being faithful to the statutes of the ECB. In the worst moments, the officer did not stop talking about inflation, when the main problem was not that, but a recession which is costing too much to leave to Europe.
Also at 8:30 will be known in U.S. weekly jobless requests.
http://instaforex.com/forex_analysis/40781/?x=OUE


 

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AUD/USD Elliott wave count and Fibonacci levels for October 5, 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 three subwaves (colored magenta in the chart) with subwave C still developing from 0.9985. On still smaller scale we have subwave 4 (colored red in the chart) that is developing from 0.9387.
If the price keeps moving up the immediate resistances will be Fibonacci retracements of 0.9985-0.9387, and 0.9878-0.9387.
Resistances:
- 0.9615 = .382 retracement
- 0.9632 = .50 ret
- 0.9686-90 = confluence area of .50 and .618 retracements
- 0.9757 = .618 ret
If the price reverses to the downside to continue the downtrend 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, 0.9878-0.9387-0.9596.
Supports:
- 0.9293 = contracted objective point (COP)
- 0.9205 = objective point (OP)
- 0.9134 = super expanded objective point (SXOP)
- 0.9105 = 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 (10-20 pips above the current prices).
http://instaforex.com/forex_analysis/40560/?x=OUE

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GOLD Intraday Technical analysis 2011-10-04

Technical analysis

Albert Fitoussi

Gold approaching to the upper limit of its medium term bullish channel  in 1778 suggesting a decline. However a break of these levels would allow it to initiate a bullish trend more violent.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1778 with a 1st objective of 1790, then 1795. A break in 1776 would invalidate this scenario.

http://instaforex.com/forex_analysis/40450/?x=OUE

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Euro - Fundamental Analysis for October 3 2011-10-03

Fundamental analysis

Georgi Navrusbeckov

The decline of the European currency seems more and more terrible. Technically, a series of important levels are being punctured. Fundamentally, it appears even worse.
The parliament of Germany confirmed the next trench of aid to Greece. Though, the issue is postponed now. Still looking at the budget of Greece for 2012, it will not be able to meet the requirements of the EU and the IMF.
The main reason for that is the recession of the country’s economy the indicators of which appeared above the forecasts.
This situation is decelerating and making more complicated the process of the funds’ allocation to save the Greek economy. However, today there appeared the information about that the Greek Ministry of Finance agreed upon the issues with the ECB, the EU and the IMF. Thus, Greece is likely to get the following trench in the amount of 8 trillion euro, which will give the default a respite. I underline this word, it will be a respite. Now there are too many viewpoints of experts stating that Greece default is inevitable.
Numerous economists consider it an impending act of clearing, which is to restore the economy. However, the situation should be considered in a different way. If the default (crisis) is an act of healing the economy, in other words, a vaccine, one cannot but agree that a vaccine for a healthy organism can really be recovering. But a weak organism can die of it.
On October 3 there will be a webinar about indicator analysis, register following the link.


http://instaforex.com/forex_analysis/40358/?x=OUE

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