EUR/JPY Buy Long 104,47 November 18, 2011 (Daily Strategy)

Technical analysis

Gerardo Porras

EUR/JPY
The Euro - Japanese yen pair has formed a bottom around 103.40. this level is strong support because in 4 hours charts, thirteen times and tried to drill this level has been unsuccessful. Given that the euro is now showing signs of recovery, we can enter a buy order in the future, only if the pair manages to break his line so sharp downtrend and closed above 1.0445. With a medium-term goal to the last resistance of 1.0789, the range indicator shows oversold upward bounce is imminent. On the other hand, we will place stop loss just below the 103.40 level test. yen per euro.

http://instaforex.com/forex_analysis/44186/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for November 17, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing wave A (colored light green in the chart) of medium term downtrend from 127.25. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave С is still developing from 125.63. Within the latter there are also three subwaves (colored magenta in the chart) with impulse subwave C developing from 124.22. The targets below are Fibonacci retracements of 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-122.90-124.22, 124.22-122.26-123.09.
Supports:
- 120.78 = .618 retracement
- 120.13 = expanded objective point (XOP)
- 119.92-80 = confluence area of two XOP's
- 119.02 = .786 ret
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 124.22-120.82.
Resistances:
- 122.12 = .382 ret
- 122.52 = .50 ret
- 122.92 = .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 (10-20 pips above the current prices).
http://instaforex.com/forex_analysis/44028/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for November 16, 2011

Wave analysis

Roman Molodiashin

AUD/USD is developing wave A of medium term downtrend (colored light green in the chart). Within this wave there are three subwaves (colored royal blue in the chart) with potential subwave C still developing from 1.0343. Within the latter wave C there are also waves A, B and C (colored red in the chart) with subwave C still developing from 1.0199. The tragets of the downmove are Fibonacci retracements of 0.9387-1.0752, and expansions off 1.0752-1.0051-1.0343, 1.0343-1.0112-1.0199.
Supports:
- 1.0056 = contracted objective point (COP)
- 0.9968 = objective point (OP)
- 0.9910-08 = confluence area of contracted objective point (COP) and .618 ret
- 0.9825 = expanded objective point (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0752-1.0051.
Resistances:
- 1.0402 = .50 ret
- 1.0484 = .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 (25-35 pips above the current prices) or gets into the overbought area (70-90 pips above the current prices).
http://instaforex.com/forex_analysis/43896/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for November 15, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing corrective wave 4 (colored light green in the chart) of medium term uptrend from 127.25. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave С is still developing from 125.63. Within the latter there are also three subwaves (colored magenta in the chart) with impulse subwave C developing from 124.22. The targets below are Fibonacci retracements of 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-122.90-124.22, 124.22-122.26-123.09.
Supports:
- 122.23 = objective point (OP)
- 122.08 = .50 retracement
- 121.88 = contracted objective point (COP)
- 121.49 = OP
- 121.13 = OP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 125.63-122.26.
Resistances:
- 123.55 = .382 ret
- 123.94 = .50 ret
- 124.34 = .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 (20-30 pips above the current prices).
http://instaforex.com/forex_analysis/43788/?x=OUE

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

Wave analysis

Roman Molodiashin

GBP/JPY is developing corrective wave 4 (colored light green in the chart) of medium term uptrend from 127.25. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave С is still developing from 125.63. The targets below are Fibonacci retracements of 119.93-127.25, 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-122.90-124.22.
Supports:
- 122.73 = .618 retracement
- 122.53 = contracted objective point (COP)
- 122.23 = objective point (OP)
- 122.08 = .50 ret
- 121.50-49 = confluence area of .618 ret and OP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 125.63-122.90, 127.25-122.90.
Resistances:
- 124.27 = .50 ret
- 124.56-59 = confluence area of .382 and .618 retracements
- 125.05-08 = confluence area of .786 and .50 ret
- 125.59 = .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 (15-20 pips above the current prices) or into the overbought area (35-55 pips above the current prices).
http://instaforex.com/forex_analysis/43714/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for November 11, 2011

Wave analysis

Roman Molodiashin

   GBP/JPY is developing corrective wave 4 (colored light green in the chart) of medium term uptrend from 127.25. Within this wave there are three subwaves (colored magenta in the chart), and impulse subwave is still developing from 125.63. The targets below are Fibonacci retracements of 119.93-127.25, 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-124.75-125.56, 125.56-123.01-123.81.
Supports:
- 122.73 = .618 retracement
- 122.23 = confluence area of two objective points (OP)
- 122.08 = .50 ret
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 125.56-123.01.
Resistances:
- 123.98 = .382 retracement
- 124.29 = .50 ret
- 124.59 = .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 (10-15 pips above the current prices) or into the overbought area (20-30 pips above the current prices).
http://instaforex.com/forex_analysis/43598/?x=OUE

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

Wave analysis

Roman Molodiashin

AUD/USD is developing wave A of medium term downtrend (colored royal blue in the chart). Within this wave there are A, B and C subwaves (colored magenta in the chart), and subwave C is still developing from 1.0445. On still smaller scale there are three waves within the latter C - colored red in the chart - and impulse subwave C is still developing from 1.0403. The targets below the current price are Fibonacci retracements of 0.9387-1.0752, and expansions off 1.0752-1.0202-1.0445, 1.0445-1.0275-1.0403.
Supports:
- 1.0105 = contracted objective point (COP)
- 1.0070 = .50 retracement
- 0.9958 = super expanded objective point (SXOP)
- 0.9908 = .618 ret
- 0.9895 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0403-1.0106.
Resistances:
- 1.0219 = .382 ret
- 1.0255 = .50 ret
- 1.0290 = .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 (50-70 pips above the current prices).
http://instaforex.com/forex_analysis/43491/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for November 9, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term uptrend from 116.91. Within this wave there are four subwaves (colored royal blue in the chart), and corrective subwave 4 is still developing from 127.25. Within the latter wave there are three waves (colored magenta in the chart) with potential subwave C still developing from 125.63. The targets below are Fibonacci retracements of 119.93-127.25, and expansions off 127.25-123.85-125.63, 125.63-124.75-125.56.
Supports:
- 124.68 = objective point (OP)
- 124.14 = expanded objective point (XOP)
- 123.59-53 = confluence area of .50 retracement and contracted objective point (COP)
- 123.26 = expanded objective point (XOP)
- 122.73 = .618 ret
- 122.23 = objective point (OP)
The targets of the upmove are Fibonacci retracements of 127.25-123.85.
Resistances:
- 125.95 = .618 retracement
- 126.52 = .786

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 (15-20 pips above the current prices) or into the overbought area (40-50 pips above the current prices).
http://instaforex.com/forex_analysis/43389/?x=OUE

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GOLD Intraday Technical analysis 2011-11-08

Technical analysis

Albert Fitoussi

Gold is currently testing the intermediate support of its medium-term bullish channel in 1790 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1772.
According to previous events, the market indicates a bullish opportunity on the levels of 1790 with a 1st objective of 1800, then 1805. A break in 1788 would invalidate this scenario.

http://instaforex.com/forex_analysis/43285/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for November 7, 2011 2

Wave analysis

Roman Molodiashin

AUD/USD is developing wave A of medium term downtrend (colored royal blue in the chart). Within this wave there are A and B subwaves (colored magenta in the chart), and subwave B is still developing from 1.0202. The immediate resistances are Fibonacci retracements of 1.0752-1.0202, and expansions off 1.0202-1.0445-1.0291.
Resistances:
- 1.0441 = contracted objective point (COP)
- 1.0477 = .50 retracement
- 1.0534-42 = confluence area of objective point (OP) and .618 ret
- 1.0684 = expanded objective point (XOP)
If the price keeps declining the immediate supports will be Fibonacci retracements of 0.9387-1.0752, and expansions off 1.0752-1.0202-1.0445, 1.0438-1.0314-1.0426.
Supports:
- 1.0302 = objective point (OP)
- 1.0225 = expanded objective point (XOP)
- 1.0105-01 = confluence area of contracted objective point (COP) and super expanded objective point (SXOP)
- 1.0070 = .50 retracement
- 0.9908 = .618 ret
- 0.9895 = objective point (OP)

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 (5-15 pips above the current prices) or gets into the overbought area (50-70 pips above the current prices).
http://instaforex.com/forex_analysis/43191/?x=OUE 

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GBP/JPY Elliott wave count and Fibonacci levels for November 4, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term uptrend from 116.91. Within this wave there are four subwaves (colored royal blue in the chart), and corrective subwave 4 is still developing from 127.25. Within the latter wave there are two waves (colored red in the chart) with subwave B developing from 123.85. The targets of the upmove are Fibonacci retracements of 127.25-123.85. Resistances: - 125.55 = .50 retracement - 125.95 = .618 ret - 126.52 = .786 ret If th price keeps declining the immediate supports will be Fibonacci retracements of 119.93-127.25, and expansions off 127.25-123.85-125.25. Supports: - 123.59 = .50 retracement - 123.15 = contracted objective point (COP) - 122.73 = .618 ret - 121.85 = objective point (OP)



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 (20-40 pips above the current prices).
http://instaforex.com/forex_analysis/43085/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for November 3, 2011

Wave analysis

Roman Molodiashin

AUD/USD is developing wave A of medium term downtrend (colored royal blue in the chart). Within this wave there are A, B and C subwaves (colored red in the chart), and subwave C is still developing from 1.0427. The targets below the current price are Fibonacci retracements of 0.9387-1.0752, and expansions off 1.0752-1.0207-1.0427.
Supports:
- 1.0090 = contracted objective point (COP)
- 1.0070 = .50 retracement
- 0.9908 = .618 ret
- 0.9882 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0427-1.0207, 1.0752-1.0207.
Resistances:
- 1.0291 = .382 ret
- 1.0317 = .50 ret
- 1.0343 = .618 ret
- 1.0415 = .382 ret
- 1.0479 = .50 ret
- 1.0544 = .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 (25-40 pips above the current prices).
http://instaforex.com/forex_analysis/42977/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for November 2, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term uptrend from 116.91. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave C is still developing from 119.93. Within the latter wave there also four waves (colored magenta in the chart) with subwave 4 developing from 127.25 against the uptrend. The targets of the upmove are Fibonacci retracements of 130.81-116.78, and expansions off 116.78-120.78-116.91, 116.91-122.58-119.93, 120.62-127.25-124.20.
Resistances:
- 127.38 = super expanded objective point (SXOP)
- 127.81 = .786 retracement
- 128.30 = contracted objective point (COP)
- 129.10 = expanded objective point (XOP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 121.77-127.25, 120.62-127.25, and expansions off 127.25-124.20-125.21.
Supports:
- 123.94-86 = confluence area of .50 and .618 ret
- 123.33 = contracted objective point (COP)
- 123.15 = .618 ret
- 122.94 = .786 ret
- 122.16 = objective point (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 (50-70 pips below the current prices).
http://instaforex.com/forex_analysis/42873/?x=OUE

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GBP/USD Intraday Technical analysis 2011-11-02

Technical analysis

Albert Fitoussi

The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.6020 suggesting a decline. However a break of these levels allow it to reach the upper limit of its channel to 1.6210.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6020 with a 1st objective of 1.6110, then 1.6140. A break in 1.5990 would invalidate this scenario.

http://instaforex.com/forex_analysis/42877/?x=OUE

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