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).
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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).
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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).
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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.

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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.

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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).
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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).
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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

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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.

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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.

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Fundamental market review for August 31, 2011

Natalia Grigorieva

Fundamental analysis

The US dollar dropped versus the Yen and euro during the Asian trading session on Wednesday as investors have been discussing the likeliness that growing pessimism over the US economic prospects will contribute to stable low Treasury Bonds yield in the long run. The US dollar is very likely to weaken further as the yield of the Treasury Bonds is declining which is a signal of worse consumer sentiment and business climate in relation to the world’s largest economy, Nomura Trust and Banking senior dealer Hideki Amikura says. Such expectations gained support of Federal Reserve Bank of Chicago president Charles L. Evans: he made comments suggestive of inclination to a milder policy. He insists on a necessity to continue implementing the programme of quantitative easing. In early August the US central bank discussed a series of unconventional tools to sustain the economy. Yet some regulators called for new dramatic measured to take in order to stimulate fading recovery. Before promising to keep the interest rate near zero level at least up to 2013, the Federal Reserve System checked its current funds, including relation of the interest rate to the unemployment level or inflation rate.
The FRS actions may be assessed at its next meeting slated for September 20. Investors will be relieved at the US unemployment rate on which the data is due for release this week.
Automatic Data Processing is to publish the data on working places in the US private sector in August. According to the median forecast of economists the number of working places is to grow by 100 000 as compared to the previous month. Chief currency strategist at Barclays Capital Masafumi Yamamoto says that the data may well fall short of the expectations. It will urge market participants to sell the US dollar and prefer the Yen shelter-currency to it.

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EUR/USD wave analysis for August 31, 2011

Alexander Dneprovskiy

Yesterday’s decline of the EUR/USD currency pair to the 1.4380 level has probably enabled it to form the 4th wave in the estimated 5th (in the 3rd). If so, the upside movement indicated later yesterday might appear the beginning of the 5th wave in this 5th (in the 3rd). At the same time the level of the 46 figure is still the target level for this whole 5th wave.

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EUR/JPY Intraday Technical analysis 2011-08-30

The spot rate approaches the intermediate resistance of its medium-term bullish channel in 112.10 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 112.90.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 112.10 with a 1st objective of 112.70, then 112.90. A break in 111.90 would invalidate this scenario.

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

AUD/USD is moving within impulse wave C (from 1.0315) of medium term uptrend - colored royal blue in the chart. Within wave C there are A, B and C subwaves (colored magenta in the chart) with subwave C still developing from 1.0418. The targets of the upmove are Fibonacci expansions off 0.9928-1.0600-1.0315, 1.0315-1.0533-1.0418, 1.0418-1.0517-1.0463, 1.0463-1.0590-1.0548, 1.0548-1.0633-1.0605
Resistances:
- 1.0690 = objective point (OP)
- 1.0722 = super expanded objective point (SXOP)
- 1.0743 = expanded objective point (XOP)
- 1.0753 = XOP
- 1.0771 = XOP
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 1.0418-1.0685.
Supports:
- 1.0583 = .382 retracement
- 1.0552 = .50 ret
- 1.0520 = .618 ret

Overbought/Oversold
Assuming that the medium term trend is up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (current prices) or gets into the oversold area (5-15 pips below the current prices).

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

GBP/JPY is developing potential impulse wave С (colored royal blue in the chart) of medium term downtrend from 127.31. Within this wave there are A and B subwaves (colored red in the chart) with subwave B still developing from 126.51.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 127.31-125.61-126.51.
Supports:
- 123.76 = expanded objective point (OP)
- 122.65 = contracted objective point (COP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 127.31-124.47.
Resistances:
- 125.55 = .382 retracement
- 125.89 = .50 ret
- 126.31 = .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 (current prices) or into the overbought area (15-30 pips above the current prices).

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GBP/JPY Elliott wave count and Fibonacci levels for August 26, 2011

GBP/JPY is developing impulse wave С (colored royal blue in the chart) of medium term downtrend from 127.31. Within this wave there are A and B subwaves (colored red in the chart) with subwave B still developing from 125.61.
The targets of the downmove are Fibonacci retracements of 123.27-127.31, and expansions off 130.81-123.27-127.31, 127.31-125.61-126.51, 126.51-125.82-126.48.
Supports:
- 125.79 = objective point (OP)
- 125.46 = contracted objective point (COP)
- 125.36-29 = confluence area of expanded objective point (XOP) and .50 retracement
- 124.81 = confluence area of OP and .618 ret
- 124.67 = super expanded objective point (SXOP)
- etc.
If the price reverses to the upnside the immediate resistances will be Fibonacci retracements of 130.81-123.27, and expansions off 123.27-127.31-125.61.
Resistances:
- 127.31 = 0% ret
- 127.93 = .618 ret
- 128.11 = COP
- 129.65 = OP

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 (5-10 pips above the current prices) or into the overbought area (30-40 pips above the current prices).

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EUR/JPY Intraday Technical analysis 2011-08-25

The spot rates approach the upper limit of its medium-term bullish channel in 111.40 suggesting a decline. However a break of these levels would initiate a bullish trend more violent.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 111.40 with a 1st objective of 112.10, then 112.30. A break in 111.20 would invalidate this scenario.

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The Forecast for GBP/USD by the Market Profile for Wednesday, August 24, 2011

On Tuesday, August 23, 2011 the market profile of the British pound can be related to as the normal day.
Having strengthened considerably in the first half of the day the pound did not manage to stay near 1.6566 and started to decline gradually.
The day resulted in the Wednesday zones of the fair price to locate in the area of VAL - 1.6475 and VAH -1.6536. The point of control POC was formed near 1.6504.
Forecast for today:
During the session in Asia the British pound was trading within a narrow sideways channel.
In case the upmove continues the first resistance level will be POC of August 18 at 1.6511, from which the growth can continue to POC of April 27 - 1.6556, and then to 1.6591 - VAH from April 21.
The most conservative LONGs will be traded up to 1.6628 - VAH from April 29.
In the falling occurs again the first support level will be the area of POC from August 22 - 1.6482 which VAH of August 8 is 1.6472, then to POC of August 1 - 1.6446.
The most conservative SHORTs will be traded to POC of August 17 - 1.6425.

 

Abbreviations:
POC (Point of Control) – orange horizontal line on the chart.
The lower limit of the fair price zone - VAL – violet horizontal line on the chart which is always under POC.
The upper limit of the fair price zone - VAH – violet horizontal line on the chart which is always above POC.

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

AUD/USD is moving within potential wave C (from 1.0600) of medium term downtrend - colored royal blue in the chart. Within wave C there are A and B subwaves (colored red in the chart) with subwave B still developing from 1.0315. The targets of the downmove are Fibonacci retracements of 0.9928-1.0600, 1.0111-1.0600, and expansions off 1.1079-0.9928-1.0600, and 1.0600-1.0315-1.0479.
Supports:
- 1.0303-1.0298 = confluence area of contracted objective point (COP) and .618 retracement
- 1.0264 = .50 ret
- 1.0194-85 = confluence area of objective point (OP) and .618 ret
- 1.0018 = expanded objective point (XOP)
- 0.9889 = COP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.1079-0.9928, and expansions off 0.9928-1.0600-1.0315, 1.0315-1.049-1.0363.
Resistances:
- 1.0464 = COP
- 1.0527 = OP
- 1.0628 = XOP
- 1.0639 = .618 ret
- 1.0730 = COP

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/36602/?x=OUE  

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