InstaForex Wave Analysis - page 89
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AUD/USD Elliott wave count and Fibonacci levels - October 27, 2011
AUD/USD is developing wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C subwaves (colored royal blue in the chart), and subwave C is developing from 1.0117. Within the latter wave C there are also three subwaves of still smaller degree (colored magenta in the chart), with subwave C still developing from 1.0321. The targets above the current price are Fibonacci expansions off 0.9387-1.0371-1.0117, 1.0117-1.0500-1.0321.
Resistances:
- 1.0558 = contracted objective point (COP)
- 1.0704 = objective point (OP)
- 1.0725 = COP
If the price reverses to the downside the immediate supports will be Fibonacci retracements of the wave up from 1.0321 - this wave is not developed yet, so no supports are available so far.
Overbought/Oversold
Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (60-70 pips below the current prices) or gets into the oversold area (90-110 pips below the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
Fundamental Analysis, 28 October 2011
European leaders reached an agreement to reduce the debt of Greece after holding
talks until the early hours of Thursday to develop a comprehensive plan to control
the debt crisis of the continent.
The French leader Sarkozy made �‹�‹it clear that an error was incorporated into
Greece in Euro, as was done based on false figures and statistics. The president
added that he agreed to expand the fund's value of the euro zone rescue in four or
five times, suggesting that this might provide guarantees for between 800,000
million and 1.3 billion euros in bonds issued by countries such as Spain and Italy .
Also, do not forget that, although the solution is reached to remove the tension
seems to markets, many banks have faced a great loss and that the EU does not come
out for free this agreement: should immobilize more than one billion Euros just to
meet the needs of those who have taken half a continent to this situation, through
gifts, grants and bonds festivals.
In short, there was a clear winner, which was Greece. Into debt to European rates,
the money wasted without creating jobs, and lived as in the first world it inhabits.
When he could not meet its commitments, there was no choice but to forgive their
debts. Not a good business?
But none of this seems now to worry investors who are turning en masse to buy assets
of all kinds, and arise from the same dollars that once again find, when you see the
Euros today do not have much value buy and that the crisis is solved with money, but
also consistent policies.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
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EUR/USD Sell Below 1.4250, October 28, 2011 (Weekly Strategy)
EUR/USD
The Euro is trading at 1.4168 versus the dollar, with upward trend on the weekly
chart. Since its minimum at 1.3143 to maximum 1.4243 yesterday, there are four green
candles that have closed bullish, now faces a strong barrier at 1.4250, strong
resistance if Euro breaks through so sharp, the next month have the pair trading in
ranges, 143 to 1.47.
But if the euro back, find support near 1.3800. we will be watchful to see what
happens with the closing of quotations of this week and the end of October, for
entry with our bearish strategy.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at
instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels - October 28, 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 three subwaves (colored royal blue in the chart), and potential subwave C is still developing from 119.93. Within the latter wave there also three waves (colored magenta in the chart) with subwave C developing from 120.62. The targets of the upmove are Fibonacci retracements of 130.81-116.78, and expansions off 116.78-120.78-116.91, 116.91-122.58-119.93, 119.93-122.04-120.62, 120.62-122.01-121.06.
Resistances:
- 122.45 = objective point (OP)
- 122.73 = OP
- 123.31-38-43 = confluence area of expanded objective points (XOP) and contracted objective point (COP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 120.62-122.45, 121.06-122.45.
Supports:
- 121.76-75 = .50 and .382 retracements
- 121.59-54 = .618 and .50 retracements
- 121.39 = .618 ret
Overbought/Oversold
Assuming that the major wave is now up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (30-45 pips below the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - October 28, 2011
AUD/USD is developing wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C subwaves (colored royal blue in the chart), and subwave C is developing from 1.0117. Within the latter wave C there are also three subwaves of still smaller degree (colored magenta in the chart), with subwave C still developing from 1.0321. The targets above the current price are Fibonacci expansions off 0.9387-1.0371-1.0117, 1.0117-1.0500-1.0321.
Resistances:
- 1.0941 = expanded objective point (XOP)
- 1.1101 = contracted objective point (COP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 1.0321-1.0752.
Supports:
- 1.0587 = .382 retracement
- 1.0537 = .50 ret
- 1.0486 = .618 ret
Overbought/Oversold
Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (current prices) or gets into the oversold area (20-35 pips below the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels - October 31, 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 three subwaves (colored royal blue in the chart), and potential subwave C is still developing from 119.93. Within the latter wave there also three waves (colored magenta in the chart) with subwave C developing from 120.62. The targets of the upmove are Fibonacci retracements of 130.81-116.78, and expansions off 116.78-120.78-116.91, 116.91-122.58-119.93.
Resistances:
- 127.38 = super expanded objective point (SXOP)
- 127.81 = .786 retracement
- 129.10 = expanded objective point (XOP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 121.77-127.25.
Supports:
- 125.16 = .382 retracement
- 124.51 = .50 ret
- 123.86 = .618 ret
Overbought/Oversold
Assuming that the major wave is now up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (140-160 pips below the current prices) or into the oversold area (190-210 pips below the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - October 31, 2011
AUD/USD is developing wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C subwaves (colored royal blue in the chart), and subwave C is developing from 1.0117. Within the latter wave C there are also three subwaves of still smaller degree (colored magenta in the chart), with subwave C still developing from 1.0321. The targets above the current price are Fibonacci expansions off 0.9387-1.0371-1.0117, 1.0117-1.0500-1.0321.
Resistances:
- 1.0941 = expanded objective point (XOP)
- 1.1101 = contracted objective point (COP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 1.0321-1.0752, 1.0117-1.0752, and expansions off 1.0752-1.0655-1.0731.
Supports:
- 1.0509 = .382 retracement
- 1.0486 = .618 ret
- 1.0477 = super expanded objective point (SXOP)
- 1.0435 = .50 ret
- 1.0360 = .618 ret
Overbought/Oversold
Assuming that the larger wave is now moving up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (current prices) or gets into the oversold area (current prices as well).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
The USD/JPY technical analysis and trading recommendations for October 31, 2011
4-hour timeframe
Overview:
According to the analysis of the yen on Forex market, the yen is hitting records of unstable movement. The price either stays in a narrow sideways channel for several weeks or passes 400 points for 4 hours. All indicator lines are now directed confusingly. Therefore it is recommended to wait for the movement to stabilize before opening any positions. The Bollinger Bands are showing upside movement, the bands are diverging and directed up. After quite a strong upside movement now a correction can begin.
Trading recommendations:
Currently it is recommended to refrain from yen trading due to high-risk unstable movement.
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 © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels - November 1, 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 three subwaves (colored royal blue in the chart), and potential subwave C is still developing from 119.93. Within the latter wave there also three waves (colored magenta in the chart) with subwave C developing from 120.62. The targets of the upmove are Fibonacci retracements of 130.81-116.78, and expansions off 116.78-120.78-116.91, 116.91-122.58-119.93, 121.77-127.25-124.52.
Resistances:
- 127.38 = super expanded objective point (SXOP)
- 127.81 = .786 retracement
- 127.91 = contracted objective point (COP)
- 129.10 = expanded objective point (XOP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 121.77-127.25, 120.62-127.25.
Supports:
- 124.51 = .50 ret
- 124.02 = objecitve point (OP)
- 123.94-86 = confluence area of .50 and .618 ret
- 123.15 = .618 ret
Overbought/Oversold
Assuming that the major wave is now up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (20-40 pips below the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - November 1, 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 orange red in the chart), and subwave C is developing from 1.0611. The targets of the downomve are Fibonacci retracements of 1.0117-1.0752, 0.9387-1.0752, and expansions off 1.0752-1.0506-1.0611.
Supports:
- 1.0435 = .50 retracement
- 1.0365-60 = confluence area of objective point (OP) and .618 ret
- 1.0231 = .382 ret
- 1.0213 = expanded objective point (XOP)
- etc.
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 1.0752 - this wave is not developed yet, so no resistances are available so far.
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 (60-70 pips above the current prices) or gets into the overbought area (90-100 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010
More analysis - at instaforex.com
Fundamental Analysis, November, 02/ 2011
Greece's unilateral decision to call a referendum to accept or reject the help of the
European Union agreed last week captures the attention of the markets, which are again
in maximum tension.
If Greece goes into default, which in fact has already happened, and removes 50% of the
debt, is a check that technically already in default, they are almost automatically
"infected" economies of Italy, whose internal problems are severe, and Spain, despite
an electoral process in place that should give the new government a boost of
confidence, does not resolve the real estate bubble burst three years ago, which led to
her , according to official reports, over 22% unemployment in October.
This almost explosive combination of negative data can, this time, a decisive impact in
the currency that brings out all these nations, the euro.
The G20 summit which begins on Thursday in Paris can lead to an ad that takes comfort
to the markets, anyway, every day will create a leadership less worn and no room to
maneuver.
On the other hand, in the U.S. began two-day meeting of the Federal Open Market
Committee, will announce today the decision on the level of interest rates. After the
Fed chairman, Ben Bernanke, will hold a news conference. The target range for the
federal funds rate will likely remain unchanged, with the upper limit on the level of
0.25%. The more interesting question is whether the Committee is discussing some
additional stimulus measures, including some form of quantitative easing, despite the
acceleration of economic growth in the third quarter.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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EUR/JPY Buy Above 106,70 November 02, 2011 (Daily Strategy)
EEUR/JPY
The pair euro-Japanese yen ascended in an incisive way up to 111.50, about the third
weekly resistance, today it quotes over the weekly pivot point. In the daily graph we
can observe that the pair still maintains its upward trend.
Therefore, due to the current price are so near the point of support in the trend line,
It is suitable to consider the adoption of long positions and to buy in the short term
up to the last point of resistance about 111.50. The blue line of the moving average of
200 meetings also shows that in this level there is a strong resistance.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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AUD/USD Buy Above 1.0430, November 02, 2011 (Daily Strategy)
The pair Australian dollar - U.S. dollar it is known that the pair has a high
volatility in relation to markets and their correlation is very high. Technically, it
is estimated that the pair will continue their current upward movement but has to
overcome the important resistance level of 1.0430, At this point there is the blue line
of the 200-day moving average serves as a resistance, only if the price trades above
this point. we can take a bullish position, with a target to 1.0740.
On the other hand, the downward continuation of the sequence, will find its support
around 1.0150, this level can buy long with a short-term goal to weekly resistance
level 1.0860
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com