InstaForex Wave Analysis - page 97
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GBP/JPY Elliott wave count and Fibonacci levels for December 14, 2011
GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A and B subwaves (colored royal blue in the chart), with subwave B still developing from 122.64. The immediate supports are Fibonacci retracements of 119.31-122.64, and expansions off 122.64-120.86-122.17, 122.17-120.65-121.73.
Supports:
- 120.39 = objective point (OP)
- 120.21 = OP
- 119.29-27 = confluence area of two expanded objective points (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 121.73-120.45.
Resistances:
- 120.94 = .382 retracement
- 121.09 = .50 ret
- 121.24 = .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 (5-10 pips above the current prices) or into the overbought area (45-60 pips above the current prices), watch for entries short at the specified resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
EUR/JPY Intraday Technical analysis
The spot rate is currently testing the lower limit of its medium term bearish channel in 100.70 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 100.70 with a 1st objective of 101.40, then 101.60. A break in 100.50 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
EUR/USD Intraday Technical analysis
The spot rate is currently testing the lower limit of its medium term bearish channel in 1.2920 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1.2920 with a 1st objective of 1.2980, then 1.3010. A break in 1.2900 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, December, 15 / 2011
The upward thrust of the dollar seems to have found at least temporary shelter in the last hours, and
European currencies catching up slowly.
While the monetary policy announcement by the Swiss National Bank gave strength to the franc, which rose
nearly 100 points not only against the dollar but also against the euro, raw materials changed its course
downward in recent days, and gave impetus to their currencies pegged.
Thus, the Australian dollar, which offered almost no movement and was anchored at 0.9890 throughout the
Asian session, recovered quickly positions this time, the Canadian dollar and slowing its fall had led
him to 1.0420 during the Wednesday.
However, these corrections seem, for now, be accepted as circumstantial as a profit-taking after the
strong movements of the early days of the week.
The main reference currency market, the euro, the final hours played at its lowest for more than 11
months against the dollar, in a bearish rally, as stated above, it loses strength at the moment, but
everything suggests that it is a "rest" and then continue his journey in the same direction.
A large number of reports give rhythm to the U.S. session, the usual weekly jobless requests on
Thursdays, at 8:30 Eastern, today joined the wholesale inflation rate, at the same time, the account
balance current, and the New York manufacturing index. At 9:15 will be the turn of the industrial
production index and capacity utilization, and 10:00, the index of the Philadelphia Fed.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for December 16, 2011
GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A and B subwaves (colored royal blue in the chart), with subwave B still developing from 122.64. Within the latter there are A, B and C subwaves (colored magenta in the chart). The immediate supports are Fibonacci expansions off 122.64-120.86-122.17.
Supports:
- 119.29 = expanded objective point (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 122.17-120.23, and expansions off 120.23-120.87-120.47.
Resistances:
- 121.11 = objective point (OP)
- 121.20 = .50 ret
- 121.43 = .618 ret
- 121.51 = XOP
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 (5-10 pips above the current prices) or into the overbought area (35-50 pips above the current prices), watch for entries short at the specified resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for December 16, 2011
AUD/USD is developing potential impulse wave C of medium term downtrend (colored light green in the chart) from 1.0379. Within this wave there are three subwaves (colored magenta in the chart) with impulse subwave C still developing from 1.0224. The latter also has its subwaves - A, B and C (colored red in the chart), and potential subwave 4 is developing against the downtrend from 0.9861. The targets of the upmove are Fibonacci retracements of 1.0379-0.9861, 1.0161-0.9861, and expansions off 0.9861-0.9988-0.9911.
Resistances:
- 0.9989 = contracted objective point (COP)
- 1.0011 = .50 retracement
- 1.0038-46 = confluence area of objective point (OP) and .618 ret
- 1.0059 = .382 ret
- 1.0097 = .786 ret
- 1.0116-20 = confluence area of expanded objective point (XOP) and .50 ret
If the price keeps declining the immediate supports will be expansions off 1.0379-1.0048-1.0224, 1.0224-1.0029-1.0161, 1.0161-0.9861-0.9988.
Supports:
- 0.9845 = XOP
- 0.9803 = COP
- 0.9706 = COP
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 (20-40 pips above the current prices), watch for entries short at the specified resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, December, 16 / 2011
While Europe is discussed in a crisis that has its precedent in the 1940's, U.S. macro indicators that will start generating knowing optimism in the markets.
Little by little away from the possibility that the world's largest economy into recession in 2012, had even expressed fear that some Fed governors in various declarations.
Weekly unemployment requests, known on Thursday, resulted in the lowest number in more than 3 years. At the same time, increased New York manufacturing index and industrial production fell less than expected.
This data type may be endorsed with the consumer price index, to be known at 8:30 Eastern. Is expected inflation 0.1% in November, similar to the previous two periods. This level of inflation, which did not exceed 0.3% throughout the year, it raised concerns at the Fed, on the other hand has already announced he will not touch interest rates until mid-2013.
Good U.S. data have given strength to the shares in New York, and the Dow Jones index closed Thursday with a modest rise of 0.38%. But it also served to European currencies resume some upward force, after several days negative.
In turn, recovered with similar rate Australian dollar and Canadian dollar. The crossings that tie to the dollar have left a gap that now extends to almost 3 weeks and are about to be covered, before a new downward movement of these currencies.
There are, however, large movements in the major pairs, no significant changes are expected in the U.S. session on Friday. Just above the inflation data, the opening of the NYSE, and a statement from Europe, which never fails, could generate moderately important rallies in the coming hours.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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GOLD Bullish Outlook, December 16, 2011
http://forex-images.instaforex.com/userfiles/20111216/golddicember16.gif
GOLD
The price of gold, this week came to trade at 1, 567.00 dollars per troy ounce, the lowest since September 26. this drop due to the sovereign debt crisis in the eurozone was getting worse and asked investors to sell gold earning assets to raise cash.
Now in the morning session we see that gold has recovered lost ground, and is coming to 1600 dollars per troy ounce, we expect to consolidate the gold price over 1570.00 dollars. Our entry point for the upward exercise, we will place in 1580, with an ultimate goal in 1707 dollars per troy ounce, this level is consistent with the 61.8% Fibonacci retracement.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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CRUDE OIL (#CL) Buy Long Above 95.00, December/16/ 2011 (Weekly Strategy)
CRUDE OIL (CL)
The Oil, collapsed this week about 8 dollars its share price reaches the minimum of 93.20 a barrel, we expect a technical rebound to 100. 00 which agrees with the 61.8% retracement of Fibnacci. A weekly close above 95.00 will show that the upward trend will continue, recommend buying above this level. If the price of oil has not yet found stability, could lead to the next support 92.23 weekly. this is a strong support level. Our ultimate goal in the realization of Exercise bullish, we will place on 107 dollars a barrel of oil.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for December 19, 2011
GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A and B subwaves (colored royal blue in the chart), with subwave B still developing from 122.64. Within the latter there are A, B and C subwaves (colored magenta in the chart). The immediate supports are Fibonacci expansions off 122.64-120.86-122.17, 122.17-120.12-121.08.
Supports:
- 119.88 = contracted objective point (COP)
- 119.29 = expanded objective point (XOP)
- 119.14 = objective point (OP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 122.64-120.23, 122.17-120.23, and expansions off 120.23-121.08-120.36.
Resistances:
- 121.15-20-21 = confluence area of .382 retracement, .50 ret and OP
- 121.43-44 = confluence area of .618 and .50 retracements
- 121.72-74 = confluence area of .618 ret and XOP
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 (25-35 pips above the current prices), watch for entries short at the specified resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for December 19, 2011
AUD/USD is developing potential impulse wave C of medium term downtrend (colored light green in the chart) from 1.0379. Within this wave there are two subwaves (colored magenta in the chart) with corrective subwave B still developing from 0.9861. The latter also has its subwaves - A and B (colored red in the chart), with B developing from 1.0027. The targets of the upmove are Fibonacci retracements of 1.0379-0.9861.
Resistances:
- 1.0059 = .382 retracement
- 1.0120 = .50 ret
- 1.0181 = .618 ret
- 1.0268 = .786 ret
If the price keeps declining the immediate supports will be expansions off 1.0752-0.9663-1.0379, 1.0379-0.9861-1.0027, 1.0027-0.9935-0.9988.
Supports:
- 0.9896 = objective point (OP)
- 0.9839 = expanded objective point (XOP)
- 0.9747 = super expanded objective point (SXOP)
- 0.9707-06 = confluence area of two contracted objective points (COP)
- 0.9509 = 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 (40-50 pips above the current prices) or gets into the overbought area (70-90 pips above the current prices), watch for entries short at the specified resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
USD/CAD Weekly and Monthly Pivot Points, For 19 - 23 December, 2011
The "pivot points" is a technique long applied by floor traders. The pivot points allow us to see objectively where the price in relation to how the price behaved in the past. In a nutshell is like a map that allows us to see the "feeling" of investors in the short and medium term.
The psychology behind this approach is simple. We know that for some reason, the market in previous sessions did not follow up or down at these levels. Do not know why we do not need to know. We only know the fact: the market shift in these levels.
Most importantly, this approach is that support and resistance levels are measured objectively, the price reversal above, then the odds indicate that at least those providing support or resistance levels.
The two tables provide the levels of weekly and monthly pivot. You can apply your strategy in the support or resistance levels.
____WEEKLY_____
Weekly - R3 = 1.0718
Weekly - R2 = 1.0571
Weekly - R1 = 1.0478
Weekly Pivot = 1.0331
Weekly - S1 = 1.0238
Weekly - S2 = 1.0091
Weekly - S3 = 0.9998
____MONTHLY______
Monthly - R3 = 1.1026
Monthly - R2 = 1.0775
Monthly - R1 = 1.0476
Monthly Pivot = 1.0225
Monthly - S1 = 0.9926
Monthly - S2 = 0.9675
Monthly - S3 = 0.9376
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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AUD/USD Weekly and Monthly Pivot Points, For 19 - 23, December, 2011
The "pivot points" is a technique long applied by floor traders. The pivot points allow us to see objectively where the price in relation to how the price behaved in the past. In a nutshell is like a map that allows us to see the "feeling" of investors in the short and medium term.
The psychology behind this approach is simple. We know that for some reason, the market in previous sessions did not follow up or down at these levels. Do not know why we do not need to know. We only know the fact: the market shift in these levels.
Most importantly, this approach is that support and resistance levels are measured objectively, the price reversal above, then the odds indicate that at least those providing support or resistance levels.
The two tables provide the levels of weekly and monthly pivot. You can apply your strategy in the support or resistance levels.
_____WEEKLY_____
Weekly - R3 = 1.0521
Weekly - R2 = 1.0368
Weekly - R1 = 1.0167
Weekly Pivot = 1.0014
Weekly - S1 = 0.9813
Weekly - S2 = 0.9660
Weekly - S3 = 0.9459
_____MONTHLY____
Monthly - R3 = 1.1581
Monthly - R2 = 1.1073
Monthly - R1 = 1.0678
Monthly Pivot = 1.0170
Monthly - S1 = 0.9775
Monthly - S2 = 0.9267
Monthly - S3 = 0.8872
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com