InstaForex Wave Analysis - page 101
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
GBP/JPY Elliott wave count and Fibonacci levels for January 9, 2011
GBP/JPY is still moving within impulse wave C of medium term downtrend (colored light green in the chart) from 122.71, and in this wave there are three subwaves (colored magenta in the chart) with impulse subwave C still developing from 120.14.
The targets of the decline are Fibonacci expansions off 127.25-119.31-122.71, 122.71-118.94-120.14, 120.14-119.12-119.68.
Supports:
- 118.03 = expanded objective point (XOP)
- 117.81-80 = confluence area of two contracted objective points (COP)
- 117.01 = super expanded objective point (SXOP)
- 116.37 = objective point (OP)
If the price keeps advancing the immediate resistances will be Fibonacci retracements of 120.14-118.20.
Resistances:
- 118.94 = .382 retracement
- 119.17 = .50 ret
- 119.40 = .618 ret
Overbought/Oversold
The bigger wave is now moving down, so 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).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for January 9, 2011
AUD/USD is developing impulse wave A of medium term downtrend from 1.0386 (colored light green in the chart). Within this wave we have 5 subwaves (colored orange red in the chart) with subwave 5 developing from 1.0273. Now the targets of the downmove are calculated using Fibonacci expansions off 1.0386-1.0304-1.0372 (subwaves 1 and 2), 1.0372-1.0205-1.0273 (subwaves 3-4), 1.0273-1.0201-1.0242 (subwaves A and B within wave 5).
Supports:
- 1.0157 = super expanded objective point (SXOP)
- 1.0126 = expanded objective point (XOP)
- 1.0106 = objective point (OP)
- 1.0054 = SXOP
- 1.0003 = XOP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 1.0386 - this wave is not developed yet, so no resistances are available so far.
Overbought/Oversold
The larger wave is now moving down, therefore it's preferable to try short positions until the price breaks above 1.0242 and when the Detrended Oscillator goes above the zero level (current prices) or into the overbought area (20-35 pips above the current prices), watch for entries short at or near the indicated resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for January 10, 2011
GBP/JPY is developing impulse wave C of medium term downtrend (colored light green in the chart) from 122.71, and within this wave we have three subwaves (colored magenta in the chart), and potential corrective subwave 4 that is developing against the downtrend from 118.20.
The resistances above are Fibonacci retracements of 120.14-118.20, 119.68-118.20, and expansions off 118.20-118.81-118.47.
Resistances:
- 118.85 = contracted objective point (COP)
- 118.94 = confluence area of .382 and .50 retracements
- 119.08-11 = confluence area of objective point (OP) and .618 retracement
- 119.17 = .50 ret
- 119.36 = .786 ret
If the price keeps declining the immediate supports will be Fibonacci expansions off 127.25-119.31-122.71, 122.71-118.94-120.14, 120.14-119.12-119.68.
Supports:
- 118.03 = expanded objective point (XOP)
- 117.81-80 = confluence area of two contracted objective points (COP)
- 117.01 = super expanded objective point (SXOP)
- 116.37 = objective point (OP)
Overbought/Oversold
The bigger wave is now moving down, so 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).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for January 10, 2011
AUD/USD is now moving within wave A of medium term downtrend from 1.0386 (colored light green in the chart). On smaller scale this wave consists of subwaves A and B (colored magenta in the chart), with subwave B still developing from 1.0145.
Now the targets of the upmove are calculated using Fibonacci retracements of 1.0386-1.0145, and expansions off 1.0145-1.0244-1.0193 (subwaves A and B - colored yellow in the chart).
Resistances:
- 1.0334 = .786 retracement
- 1.0353 = expanded objective point (XOP)
- 1.0452 = super expanded objective point (SXOP)
If the price resumes the downtrend the immediate supports will be Fibonacci retracements of the wave up from 1.0145 - this wave is not developed yet, so no supports are available.
Overbought/Oversold
The larger wave is now moving down, therefore it's preferable to try short positions when the Detrended Oscillator goes above the zero level (current prices) or into the overbought area (current prices as well), watch for entries short at or near the indicated resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for January 11, 2011
GBP/JPY is trading within impulse wave C of medium term downtrend (colored light green in the chart) from 122.71, and inside this wave there are three subwaves (colored magenta in the chart), and potential corrective subwave A that is developing against the downtrend from 118.20.
The resistances above are Fibonacci retracements of 120.14-118.20.
Resistances:
- 119.17 = .50 retracement
- 119.40 = .618 ret
- 119.72 = .786 ret
If the price resumes the downtrend the immediate supports will be Fibonacci expansions off 127.25-119.31-122.71, 122.71-118.94-120.14, 120.14-118.20-119.01.
Supports:
- 117.81-80 = confluence area of three contracted objective points (COP)
- 117.07 = objective point (OP)
Overbought/Oversold
The bigger wave is now moving down, so 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 (25-35 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for January 11, 2011
AUD/USD is developing wave A of medium term downtrend from 1.0386 (colored light green in the chart). Inside this wave there are A and B subwaves (colored magenta in the chart), with subwave B still developing from 1.0145. Subwave B of still smaller degree (colored red in the chart) is developing from 1.0351.
The targets below are Fibonacci retracements of 1.0145-1.0351, and expansions off 1.0386-1.0145-1.0351.
Supports:
- 1.0272 = .382 retracement
- 1.0248 = .50 ret
- 1.0224 = .618 ret
- 1.0202 = contracted objective point (COP)
- 1.0189 = .786 ret
- 1.0110 = objective point (OP)
If the reverses to the upside and starts advancing the immediate resistances will be Fibonacci expansions off 1.0044-1.0386-1.0145.
Resistances:
- 1.0356 = COP
- 1.0487 = OP
Overbought/Oversold
The larger wave is going down, therefore it's preferable to try short positions before 1.0351 is broken to the upside and when the Detrended Oscillator goes above the zero level (10-15 pips above the current prices) or into the overbought area (35-50 pips above the current), watch for entries short at or near the indicated resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
The USD/JPY technical analysis and trading recommendations for January 11, 2012
Overview:
According to the analysis of the yen on Forex market, the upside correction might become a trend movement; the sell signal is being observed, however in the nearest time the price might enter the Ichimoku Cloud. The signal is strong and not confirmed, since the Chinkou Span fixated above the price graph and the price is below the Ichimoku cloud. At the moment the first target of the downside movement is 76.59 – the first support level. If this level is passed the second target will be the second support level at 76.23. Downside movement remains while the price is below the Kijun-sen (77.00). The Chinkou Span is above the price graph, which does not confirm the buy signal and indicates bearish sentiment. The Bollinger bands show the continuing upside movement, the lines diverging and directed up, which denotes possible upside trend movement, contradicting with Ichimoku. The MACD is ascending, which indicates current correction against the sell signal, therefore it is recommended to enter the market below the 76.59 level.
Trading recommendations:
Currently it is recommended to wait until the price passes 76.59 and consider buying with target at 76.23. Stop Loss should be placed above 77.00. When opening short positions the MACD must show downside movement. Take profit should be placed at 76.25 and moved to non-loss zone after the price moves 30-40 pips.
In addition to technical image, one should take into account the fundamental data and the time of their release.
Chart annotation:
Ichimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with white bars in the indicators window.
Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for January 12, 2011
GBP/JPY is still developing impulse wave C of medium term downtrend (colored light green in the chart) that started from 122.71, and inside this wave on smaller scale there are three subwaves (colored royal blue in the chart), and impulse subwave C is developing from 119.05. This wave has been confirmed as it broke below the top of wave A - 118.20.
The immediate supports are Fibonacci expansions off 122.71-118.20-119.05, 119.05-117.66-117.83.
Supports:
- 116.95 = contracted objective point (COP)
- 116.44 = objective point (OP)
- 116.26 = COP
- 115.58 = expanded objective point (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 119.05 - this wave is not developed yet, so no resistances are available so far.
Overbought/Oversold
The bigger wave is now moving down, so it's preferable to try short positions when the Detrended Oscillator gets above the zero level (current prices) or into the overbought area (15-25 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for January 12, 2011
AUD/USD is now moving within wave A of medium term downtrend that started from 1.0386 (colored light green in the chart). On smaller scale inside this wave there are A and B subwaves (colored magenta in the chart), with subwave B still developing from 1.0145. Subwave C of still smaller degree (colored red in the chart) is developing from 1.0262.
The targets below are Fibonacci retracements of 1.0145-1.0351, and expansions off 1.0386-1.0145-1.0351, 1.0351-1.0262-1.0316.
Supports:
- 1.0261 = contracted objective point (COP)
- 1.0248 = .50 ret
- 1.0227-24 = confluence area of objective point (OP) and .618 ret
- 1.0202 = contracted objective point (COP)
- 1.0189 = .786 ret
- 1.0172 = expanded objective point (XOP)
- 1.0110 = objective point (OP)
If the pair reverses to the upside and breaks above 1.0351 the immediate resistances will be Fibonacci expansions off 1.0044-1.0386-1.0145, 1.0145-1.0351-1.0262.
Resistances:
- 1.0356 = COP
- 1.0389 = COP
- 1.0468 = OP
- 1.0487 = OP
Overbought/Oversold
The larger wave is moving down, therefore it's preferable to try short positions before 1.0351 is broken to the upside and when the Detrended Oscillator goes above the zero level (5-10 pips above the current prices) or into the overbought area (30-40 pips above the current), watch for entries short at or near the indicated resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
Fundamental Analysis, January, 13 / 2012
After the presentation on Thursday the European Central Bank president, Mario Draghi, the markets were filled with, for us, unfounded optimism that led the New York Stock Exchange to raise positions at the end of your session, and the European currencies to gain ground against the dollar.
This "wave" has been distorted in the last hours, and the euro fell back below 1.28, with the pound sterling, which has been shown after weaker than the euro in recent days, falling well high speed.
Unlike the case of the Australian dollar, which yields 1.03, favored by the rise of an ounce of gold, but has resumed an upward trend does not seem to sustain over time. We believe that gold could fall to the area of �‹�‹$ 1530 per ounce before making a long-term bullish direction.
Meanwhile, oil is recomposed after a negative day, which was not poured by the tension which exists in several of the major producers.
Request data weekly U.S. unemployment, which rose far above expectations this week, along with a disappointing 0.1% increase in retail sales, gave impetus to the bottom of the barrel, which is listed at the time to less than $ 100.
This explains, in part, lower than yesterday also observed in the Canadian dollar, which is recomposed slowly right now.
Today the U.S. economy will again test: will be announced in December's trade balance, no major changes planned, at 8:30 Eastern, and the preliminary index of consumer sentiment from the University of Michigan / Reuters, at 9: 55, which are the most important economic data of the day.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
USD/CHF Bearish Outlook, For January 13, 2012 (weekly Strategy)
The United States dollar – Swiss Franc pair, in the 4 hours chart, We notice a formation technique, double top, with a potential drop to the nearest 0.9377 fractal, this level coincides with the 200-day moving average, which maintains the upward trend of the pair at this level also abut the first support weekly. However, a strengthening of the franc could reach the level of 0.9200 dollars per Swiss franc
Momentum indicator, RSI shows a level of neutrality is expected back up and then a fall.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com