InstaForex Wave Analysis - page 91
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
USD/CHF Technical Analysis for November 8th -- 10th, 2011
USD/CHF's subsequent sharp fall suggests that decline from 0.9315 a month ago and had resumed to 0.8567 (Strong support). It should be noted that the price has still been trapped between 0.9000 -- 0.8567 and the price has been set below strong resistance at the levels of 0.9050/0.9075. Aswell it is noting that these levels are coinciding between 61.8% and 78% of Fibonacci retracement levels on H4 chart and the pair has already formed a strong resistance at this level of 0.9050 and it is now approaching from it in order to test it. Therefore the Swissy will be a downside momentum is rather convincing and the structure of the fall looks is not corrective, in order to indicate a bearish opportunity below 0.9050 / 0.9075 for that it will a good sign to sell below 0.9075 with a first target of 0.8850 and it will call for downtrend in order to continue bearish towards 0.8743 (23.6% of Fibonacci retracement levels on H4 chart).
Furthermore, it also have to note that the price at 0.8570 will be possible formed double bottom and call for a strong support. So it will be saturation around 1.8570 to rebound the pair, aswell it will probably that the market is going to start showing the signs of bullish market. In other words, it will be a good sign to buy above 0.8570 with a first target of 0.8700 and continue towards 0.8822.
Intraday Technical Levels for November 8th, 2011:
Performed by Mourad El Keddani, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
EUR/USD Intraday Technical Analysis (Regression Channel Analysis) November 8, 2011
EUR/USD currency pair is now testing a confluence of resistance levels at 1.3790.
This confluence is formed of the upper limit of two intermediate-term channels & the intermediate line of the longer-term channel which acts as a resistance too.
We had a bearish reaction towards this level as a "Falling of the roof" candlestick but wasn't followed by a good bearish move, instead the pair is testing the level again.
Based on the previous analysis, We can have a bearish position if we have a bearish confirmation again of the 1H candlesticks with TP at 1.3730, 1.3700.
However, if we have a 1H closure above this level we can have a bullish position easily as the pair will be targetting then the upper limit of the yellow channel at 1.3860.
Performed by Mohamed Samy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, November, 08/ 2011
A week that began agitated since Sunday, with resignation Greek Prime Minister Papandreou, whom happen a coalition government.
Without enter political considerations things hoped the incoming government implement plan anti crisis imposed by EU one hand gives great relief macroeconomics Greek by cutting sovereign debt has in a 50% and secondly proposes an adjustment hard towards population which surely highe conflicts current.
There is a strange calm today in the currency markets, and really understands what is coming. The G-20 ended up with zero results, the Greek political situation remains in flux, while the returns from Italy dreaded approaching the horizon of 7.00%. It seems as if all efforts to save Europe would have been in bucket or simply never have done nothing.
Confidence at times like east lasts briefly markets returning reality and knowing that background problem not solves changing government but minded and attitudinal thing markets not in situation achieve.
All this is generating strong movements in currency pairs main with Euro and Sterling recovering positions quickly gold prices and oil not outside what happens. Ounce retook marked uptrend in recent days and accentuates same in these hours, while barrel WTI fetches $ 96.40.
Furthermore, markets still digest two key data: Friday, creating jobs October failed resulted festivities and so reflected actions NYSE. But also lowered the unemployment rate to 9%, one tenth that at least did not worsen the labor market situation.
Therefore we pending expansion by the acontecimeintos who will have this week to take posisciones long or short in major pairs currency.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
USD/CHF Bearish Outlook, November 08, 2011
USD/CHF
The pair dollar-Swiss franc weakened opening of the trading week as weak macro data arrived. Consumer Price Index came out 0.1% when the market had expected a positive figure of 0.2%.
Figure technique, we can see that the Swiss franc will have to face the 0.9150 resistance level on several occasions and has served as a barrier in the rise of the pair, we believe that there will be a good point of reversal of the trend, to locate our bearish positions. with an objective to support nearest to 0.8660. dollars for Swiss franc.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels - November 9, 2011
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).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - November 9, 2011
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. On still smaller scale there are three waves within the latter B - colored red in the chart - and potential subwave C is still developing from 1.0275. The immediate resistances are Fibonacci retracements of 1.0752-1.0202, and expansions off 1.0202-1.0445-1.0275, 1.0275-1.0390-1.0281.
Resistances:
- 1.0425 = contracted objective point (COP)
- 1.0467 = expanded objective point (XOP)
- 1.0477 = .50 retracement
- 1.0518 = objective point (OP)
- 1.0542 = .618 ret
- 1.0582 = super expanded objective point (SXOP)
- 1.0668 = 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.
Supports:
- 1.0105 = contracted objective point (COP)
- 1.0070 = .50 retracement
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 (10-15 pips above the current prices) or gets into the overbought area (60-80 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, November, 09/ 2011
European shares fall back into the session on Wednesday, in a move that was expected, given the lack of definition of the political crisis in Greece and Italy.
On Greece, the problem brings a drag of months, and while the former leader Papandreou resigned and assumes no new government, creating a sense of anarchy at a time when continuity is defined or not the country in the Euro.
In the case of Italy, their leader Bernusconi announced his resignation on Tuesday generated a significant increase in the stock of the old continent, but ultimately such waiver was not submitted. A further surprise in the middle of the number of unusual events very special this year for the markets.
This lack of definition is hitting squarely in the minds of investors, who once sought refuge in the dollar. Therefore, all major currencies are giving strength to the dollar, while the Dow Jones index futures trading at sharply lower at the opening hours of the NYSE.
The Euro is naturally the currency most affected in these hours, but also the Swiss franc and Australian dollar signs of weakness. The British pound, meanwhile, still has the dimension of 1.60, which, however, momentarily lost in the midday in Europe. The yen, which had strengthened over the past two days, fell slightly against the dollar, but without losing its medium-term uptrend.
If the economic, financial, and social policy in the euro continued to decline for the next few weeks we will see a devaluation to u $ s 1.3000 .- could be the first announcement of a major collapse that would threaten the political unity of Europe and the survival of their beloved son, the Euro.
It also falls on oil, which traded at $ 95.55 a barrel at the moment, losing two dollars from the high of the day.
For the U.S. session, hopefully, as a fact of importance, the weekly oil inventories in the U.S., at 10:30 Eastern.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
EUR/JPY Buy Above 103,60 November 09, 2011 (Daily Strategy)
EUR/JPY
The euro – Japanese yen pair has has perforated his line of upward trend that it was bringing from October 04, at the moment is trading at 105.85 has found support in the weekly S1 and also on the 50-day moving average. The MACD indicator shows signal a deeper fall. Therefore, a daily close below this level could weaken the euro- Japanese yen to its nearest support of 103.60. at this point we enter a bullish strategy with a target to 108.60 yen per euro.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels - November 10, 2011
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 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, 125.63-124.75-125.56, 125.56-123.55-124.07.
Supports:
- 123.30-26 = confluence area of .382 retracement and super expanded objective point (SXOP)
- 122.83-73 = confluence area of contracted objective point (COP) and .618 ret
- 122.23 = objective point (OP)
- 122.08-06 = confluence area of .50 ret and OP
- etc.
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 125.56 - this wave is not developed yet so no resistances are available so far.
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).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - November 10, 2011
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).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, November, 10 / 2011
Confusion reigns in Europe, with countries virtually headless, with plans to drive full of euphemisms to other nations in the Eurozone (before those nations should leave by force), and uncertainty, of course, goes to the player of this story, the beleaguered Euro.
The single currency broke the 1.35 dimension in the European session opening on Thursday, but managed to recover the two major actions in France, Germany and Spain, whose main stock exchanges, the rates to become short-term uptrends. At this moment is quoted 1.36.
The other markets around the world attending size in disbelief lack of leadership, technical inability to assume the problems, politics and greed that prevents, in short, that all Europe to have a hope of recovery within a reasonable time.
The Euro project, supported by Germany, flaunting its most negative for countries without fiscal discipline: unable to devalue their own currencies, local deficits must be covered with public debt, which is becoming unaffordable. Such is the case of Italy and Greece.
Leading currencies somehow accompany the fall of the Euro, in part by the circumstances described, and in part by seeking refuge in the dollar by investors. It is known that, in a serious crisis, the dollar serves as an oasis.
In another vein, the United States will be published weekly requests from unemployment and the trade balance in October, both at 8:30 Eastern, with the most important reports of the day.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
USD/CHF Sell Below 0.9150, November/10/ 2011 (Daily Strategy)
USD/CHF
The United States dollar – Swiss Franc pair in the 4 hour chart, recovered from 0.8580 to 0.9155 to trading at the beginning of the session today, a break above this level will signal resumption of the uptrend. On the other hand suggest sell, only if the price is below 0.9150. If the panic continues further decreases may occur , then the pair would drop sharply as it is a defensive refuge in difficult times. A total realization can take place towards the weekly resistance level, 0.8650. The momentum indicator, shows signs of falling deeper.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
GBP/USD Bullish Outlook, November 10, 2011
GBP/USD
The United Kingdom pound – United States dollar pair has found support at 1.5890 level, this level in previous negotiations has served as a strong support, where many times the price has found support and strength. We believe that this psychological level will be perforated bluntly until the next weekly support level, in view of that the pair remains bearish, and at these low levels would be a good opportunity to buy a long-term goal to 1.6340. The momentum indicator and MACD shows bearish signals on sterling.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
USD/JPY wave analysis for November 10, 2011
Wave dimension analysis
After finally passing the correction level 50.0% the USD/JPY made an unconfident attempt to reverse and resume upside movement. At the same time if such attempt can gain the required dynamics the formation of the complicated inner wave structure of the b wave can be considered complete. We should also pay attention to the quite convincing MACD which can be interpreted as the readiness of the market to resume growth within the future c wave.
General conclusion and recommendations:
The upside movement is expected. The inner wave structure of the b wave is quite complete, and the price is ready to start forming the upside wave c. If so, the target of the upside movement will be the 78.58 level which coincides with the Fibo correction 23.6%. Convincing MACD divergence points to the readiness of the pair to increase as well. The only obstacle is the low volatility of this pair and low attractiveness of its trading. In general if the c wave starts being passed long positions will be in advance.
Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - November 11, 2011
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 four waves within the latter C - colored red in the chart - and corrective subwave 4 is still developing from 1.0051. 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, 1.0403-1.0051-1.0208.
Supports:
- 0.9990 = contracted objective point (COP)
- 0.9958 = super expanded objective point (SXOP)
- 0.9908 = .618 ret
- 0.9895 = objective point (OP)
- 0.9856 = OP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0403-1.0051, and expansions off 1.0051-1.0208-1.0090.
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 (10-15 pips above the current prices) or gets into the overbought area (45-65 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com