InstaForex Wave Analysis - page 133
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
AUD/USD Wave Analysis for August 17,2012
AUD/USD Elliott Wave
From the beginning of the last week the AUD/USD pair was trading in a downward movement, developing the last (E) wave (coloured orange) after it finished corrective (D) wave (coloured orange). Yesterday during the Asian session we could observe a descending movement towards the 1.0474 level. Therefore, during the European and New York sessions the AUD/USD pair did not manage to hold this level and the price reached a new 2-day high at 1.0525 level. At the moment we can observe developing of the impulse 3 wave (coloured blue) and we are expecting to see the price around 1.0270 soon. In accordance with our wave rules and taking into account that the wave 3 retraces 261.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0612-1.0496-1.0577) with Take Profit at 1.0269 (261.8% of wave 1). To reduce the risk, we can use resistance point at 1.0515 as Stop Loss. Also it is necessary to monitor the U.S. Prelim UoM Consumer Sentiment data that can change the rate of the pair.
Support and Resistance
(S3) 1.0452 (S2) 1.0471 (S1) 1.0484 (PP) 1.0503 (R1) 1.0522 (R2) 1.0535 (R3) 1.0554
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0400 with Stop Loss 1.0515 and Take Profit 1.0269 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
USD/JPY Intraday Technical Levels for August 17, 2012
TODAY'S TECHNICAL LEVELS:
Resistance. 3: 79.75.
Resistance. 2: 79.59.
Resistance. 1: 79.43.
Support. 1: 79.24.
Support. 2: 79.08.
Support. 3: 78.92.
DESCRIPTION:
One should pay attention to the levels of support. 3 (78.92) and resistance. 3 (79.75).
Actually, when a level is hit, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found trends today.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
USD/JPY Intraday Technical Levels for August 20, 2012
USD/JPY Intraday Technical Levels for August 20, 2012
TODAY'S TECHNICAL LEVELS:
Resistance. 3: 80.01.
Resistance. 2: 79.85.
Resistance. 1: 79.70.
Support. 1: 79.50.
Support. 2: 79.35.
Support. 3: 79.19.
DESCRIPTION:
Please, pay attention to the levels of support. 3 (79.19) and resistance. 3 (80.01), in general, when a level is touched, USD/JPY will rebound from the previous minimum by10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found trends today.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
EUR/USD Weekly Wave Analysis 2012-08-20
EUR/USD Elliott Wave
For the last few days the EUR/USD pair was trading in an upward move developing corrective (Y) wave (coloured green) of the bigger (4) wave (coloured orange). During the Friday's European session we could observe an ascending movement from 1.2338 towards the 1.2380 level. Therefore, during the early New York session this major pair did not manage to hold this level and the price fell to the 1.2288 level (new daily low). At the moment the EUR/USD pair is trading around 1.2350 level and we are expecting to see the price around 1.2640 this week. In accordance with our wave rules and taking into account that the wave Y retraces 100% of the wave W, we can define the potential targets with measuring the X wave, with Take Profit at 1.2640 (100% of wave W). To reduce the risk, we can use support point at 1.2290 as Stop Loss.
Alternation: if price does not break 1.2385 resistance level soon, we need to regard (W) wave as the end of the (4) wave (coloured orange) and we can expect to see price around 1.2000 this week.
Support and Resistance
(S3) 1.2239 (S2) 1.2275 (S1) 1.2297 (PP) 1.2333 (R1) 1.2369 (R2) 1.2391 (R3) 1.2427
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.2385 with Stop Loss 1.2290 and Take Profit 1.2640 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
GBP/JPY Wave Analysis for August 20,2012
GBP/JPY Elliott Wave
Last week the GBP/JPY pair was trading in an upward move, developing impulsive 3 wave (coloured blue). During the Friday's European and New York sessions this exotic pair was trading in a sideways move in the range of 124.90 to 124.45 level. At the moment the GBP/JPY pair is testing 124.90 resistance level and we are expecting to see the price around 125.20 level today before 4 wave (coloured blue) starts. In accordance with our wave rules and taking into account that the wave 4 retraces 100% of the wave 2, we can define the potential targets with measuring the 2 wave, with Take Profit at 123.72 (100% of wave 2). To reduce the risk, we can use support point at 125.60 as Stop Loss.
Support and Resistance
(S3) 124.31 (S2) 124.48 (S1) 124.58 (PP) 124.76 (R1) 124.93 (R2) 125.03 (R3) 125.21
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 125.20 with Stop Loss 125.60 and Take Profit 123.70 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
EUR/JPY Intraday Technical Analysis
As we expected yesterday, the spot rate broke the upper limit of its short term bearish channel at 98.40 and reached the upper limit of its medium term bullish channel at 99.20 suggesting a decline. However, a break of these levels will release good potential and will initiate a more violent bullish channel.
Technical indicators provide sell signal and approach overbuy zone supporting a decline. Until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands are much discarded as a result of a strong increase these days. Stabilization is expected in a short term. Furthermore, the upper band strengthens the upper limit of its channel supporting the hypothesis of a violent movement in case of failure.
As the spot rate tests its resistance, we recommend 2 scenarios: the first one is the hypothesis of a decline where we suggest a sell on the level of 99.20 with the 1st objective at 98.60 and then at 98.40. A breakthrough 99.40 will invalidate this scenario. The second scenario is the hypothesis of a break of its resistance where we advise a “buy stop”. We recommend to buy the spot rate as soon as it is broken through its resistance of 99.20 with the 1st objective at 99.80 and then at 100.00. A breakthrough 98.90 will invalidate this scenario.USD/JPY Intraday Technical Levels for August 22, 2012
Today’s Technical Levels:
Resistance 3: 79.63.
Resistance 2: 79.47.
Resistance 1: 79.31.
Support 1: 79.12.
Support 2: 78.96.
Support 3: 78.80.
Description:
Please, pay attention to the levels of support 3 (78.80) and resistance 3 (79.63). In general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
EUR/USD Intraday Technical Levels for August 22, 2012
Today’s Technical Level:
Breakout BUY Level: 1.2534.
Strong Resistance: 1.2528.
Original Resistance: 1.2516.
Inner Sell Area: 1.2504.
Target Inner Area: 1.2474.
Inner Buy Area: 1.2444.
Original Support: 1.2432.
Strong Support: 1.2420.
Breakout SELL Level: 1.2412.
Description:
Today EUR/USD has support and resistance at 1.2432 and 1.2516 and is accompanied by strong support at 1.2420 and by 1.2528 as strong resistance.
If EUR/USD breaks out and closes below 1.2412 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2534 level, this will denote a high bullish strength. Alternatively, for advance traders, you can trade in a way to open BUY position at the level of 1.2444 and SELL position at 1.2504; in this case both targets should be located at the level of 1.2474.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
EUR/JPY Elliott Wave Analysis for August 22 - 2012
Today's Support and Resistance Levels:
S1: 98.70 R1: 99.07
S2: 98.56 R2: 99.43
S3: 98.43 R3: 99.76
Technical Overview:
We saw, indeed, the low of blue wave iv at 97.73 and now close to the end of blue wave v and red wave 3 which is higher (a high which ideally will be found near 99.42). Looking at blue wave v itself, we can see three finished waves, currently working at wave iv, which we expect to end in the 98.56 - 98.70 area for the last rally towards the ideal target at 99.42. Once blue wave v and red wave 3 are finished, we should see a shallow red wave 4 towards 98.37 or even lower towards 97.86 before red wave 5 takes higher over for a rally towards the 100.15 - 100.58 area.
Trading Recommendation:
You should be long EUR against JPY from 95.85. Lift the stop from 97.45 to 97.75 leaving you with a nice profit of at least 190 pips no matter what happens. If you are not long EUR already, you should wait to buy EUR near 98.56 with the same stop.
Performed by Torben Melsted, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com