InstaForex Wave Analysis - page 140
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GBP/USD Intraday Technical Analysis
The spot rate is currently testing the intermediate resistance of its medium term bullish channel at 1.6250 and seems to initiate a decline. However, a break of these levels will free a large potential and reach the upper limit of its channel at 1.6330.
USD/CHF Wave Analysis for September 25,2012
USD/CHF Elliott Wave
For the last few days the USD/CHF pair was trading in a upward move, developing corrective (4) wave (coloured green) of the bigger wave (A) (coloured orange). Yesterday during the European session, we could observe an ascending movement towards the 0.9390 level. Therefore, during the early New York session this major pair did not manage to hold this level and price retraced back to 0.9354 level. At the moment, the USD/CHF pair is trading around 0.9370 level and we are expecting to see the price lower in the next few days, when development of the 5 impulsive wave starts. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring 1 wave, with Take Profit 1 at 0.9176(100% of wave 1). To reduce the risk, we can use resistance at 0.9450 level as Stop Loss. Also it is necessary to monitor the CHF SNB Chairman Jordan Speaks and U.S. S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Treasury Sec Geithner Speaks data that can change the rate of the pair.
Support and Resistance
(S3) 0.9283 (S2) 0.9311 (S1) 0.9328 (PP) 0.9355 (R1) 0.9383 (R2) 0.9400 (R3) 0.9427
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9330 with Stop Loss 0.9450 and Take Profit at 0.9176 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
AUD/USD Wave Analysis for September 25,2012
AUD/USD Elliott Wave
Since our last analysis, the AUD/USD pair was trading in a downward move, like we expected developing impulsive 1 wave (coloured blue) of the bigger wave (3) (coloured green). Yesterday, during the Asian and European sessions, we could observe a strong descending movement from 1.0450 towards the 1.0386 level and we can consider this move as the end of the wave 1 (coloured blue). Therefore, during the New York session, the AUD/USD pair started pushing higher when developing of the corrective wave 2 (coloured blue) starts. Today during the Asian session, the AUD/USD finished developing of the 2 wave at 1.0444 level and we are expecting to see price around 1.0230 soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0518-1.0386-1.044), with Take Profit 1 at 1.0229 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.0445 level as Stop Loss. Also it is necessary to monitor AUD RBA Assist Gov Debelle Speaks and U.S. S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Treasury Sec Geithner Speaks data that can change the rate of the pair.
Support and Resistance
(S3) 1.0352 (S2) 1.0378 (S1) 1.0395 (PP) 1.0422 (R1) 1.0448 (R2) 1.0465 (R3) 1.0492
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0395 with Stop Loss 1.0445 and Take Profit at 1.0229 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
Gold Seems To Have Carved Out A Lower High at 1775.00 Levels..
Technical Outlook and Trade Recommendations:
Trading Recommendations:
Stay short for now, stop at 1790 level, target at 1720/00.hen at 1.6330. A breakthrough of 1.6230 will invalidate this scenario.EUR/JPY Intraday Technical Analysis
The spot rate approaches the upper limit of its medium-term bearish channel at 100.40 suggesting a decline. However, a break of these levels will free a large potential and initiate a violent bullish channel.
Technical indicators do not provide clear signals but until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. Furthermore, the superior band strengthens the intermediate resistance of the channel supporting the hypothesis of a decline.
The spot rate is currently testing the upper limit of its channel, we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell at the level of 100.40 with the 1st objective at 99.80 and then at 99.60. A breakthrough of 100.60 will invalidate this scenario. The second scenario is a break of its resistance then we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 100.40 with the 1st objective at 101.00 and then at 101.20. A breakthrough of 100.20 will invalidate this scenario.More analysis - at instaforex.com
USD/JPY Intraday Technical Levels for September 28, 2012
Resistance 3: 77.98.
Resistance 2: 77.82.
Resistance 1: 77.67.
Support 1: 77.48.
Support 2: 77.33.
Support 3: 77.17.
Please, pay attention to the levels of support 3 (77.17) and resistance 3 (77.98). 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.
Resistance 2: 78.18.
Resistance 1: 78.03.
Support 1: 77.81.
Support 2: 77.68.
Support 3: 77.52.
Description:
Please, pay attention to the levels of support 3 (77.52) and resistance 3 (78.35). 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 todayGOLD Intraday Technical Analysis
Gold approaches the upper limit of its medium-term bullish channel at 1.792 suggesting a decline. However, a break of these levels initiates a more violent bullish channel.
Gold approaches the upper limit of its channel, we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell on the level of 1.792 with the 1st objective at 1.782 and then at 1.780. A breakthrough of 1.795 will invalidate this scenario. The second scenario is a break of its resistance where we recommend a “buy stop” which means to buy the gold as soon as it is broken through its resistance of 1.792 with the 1st objective at 1.802 and then at 1.805. A breakthrough of 1.789 will invalidate this scenario.
More analysis - at instaforex.comEUR/USD Intraday Technical Analysis
The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.2950 suggesting a decline. However, a break of these levels initiate a bullish channel.
Technical indicators do not provide clear signals but until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility. Furthermore, the superior band strengthens the upper limit of its channel supporting the hypothesis of a decline.
The spot rate is currently testing the upper limit of its channel and we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell at the level of 1.2950 with the 1st objective at 1.2890 and then at 1.2870. A breakthrough 1.2970 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means buying the spot rate as soon as it is broken through its resistance of 1.2950 with the 1st objective at 1.3010 and then at 1.3030. A breakthrough of 1.2930 will invalidate this scenario.
EUR/JPY Intraday Technical Analysis
The spot rate is currently testing the upper limit of its medium-term bullish channel at 101.80 suggesting a decline. However, a break of these levels will free a large potential and initiate a more violent bullish channel.
Technical indicators provide sell signals supporting the assumption of a decline in a short term. Bollinger bands have stabilized showing a more regular volatility. Furthermore, the superior band evolves on the level of the spot rate supporting the hypothesis of a violent movement in case of failure.
The spot rate is currently testing the upper limit of its channel we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell on the level of 101.80 with the 1st objective at 101.20 and then at 101.00. A breakthrough of 102.00 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 101.80 with the 1st objective at 102.40 and then at 102.60. A breakthrough of 101.60 will invalidate this scenario.
More analysis - at instaforex.com