InstaForex Wave Analysis - page 136
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
EUR/USD Intraday Technical Levels for August 31, 2012
Today's Technical Levels:
Breakout BUY Level: 1.2572.
Strong Resistance: 1.2564.
Original Resistance: 1.2552.
Inner Sell Area: 1.2540.
Target Inner Area: 1.2510.
Inner Buy Area: 1.2480.
Original Support: 1.2468.
Strong Support: 1.2456.
Breakout SELL Level: 1.2449.
Today EUR/USD has support and resistance at 1.2468 and 1.2552 and is accompanied by strong support at 1.2456 and by 1.2564 as strong resistance.
If EUR/USD breaks out and closes below 1.2449 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2572 level, then this will denote a high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.2480- and at 1.2540– a SELL position, in this case both targets should be located at the level of 1.2510.
NZD/USD Wave Analysis for August 31,2012
NZD/USD Elliott Wave
Last week the NZD/USD pair was trading in a downward move, developing impulsive 5 wave (coloured purple) of the bigger C wave (coloured blue). Yesterday during the Asian session we could observe an ascending movement towards the 0.8028 level and we consider this move as the end of the corrective (4) wave (coloured purple). Therefore, during the early European session this major pair did not manage to hold this level and we could observe a strong downward movement that brought this pair to the new low at 0.7967 level (end of the C wave). At the moment the NZD/USD pair is trading around 0.8006 level and we are expecting to see price higher today. We still do not have clear view where the 1 wave (coloured purple) should finish, but we are expecting to see the end of this wave around 0.8050 level. To reduce the risk, we can use support at 0.7985 level as Stop Loss.
Support and Resistance
(S3) 0.7930 (S2) 0.7954 (S1) 0.7969 (PP) 0.7992 (R1) 0.8016 (R2) 0.8031 (R3) 0.8054
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.8015 with Stop Loss 0.7985 and Take Profit 0.8050 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
USD/CHF Wave Analysis for August 31,2012
USD/CHF Elliott Wave
Since our last analysis the USD/CHF pair was trading in an upward move, developing final 5 wave (coloured blue) of the bigger wave (3) (coloured green). Yesterday during the Asian and European sessions we could observe a descending movement towards the 0.9556 level (new daily low). Therefore, during the New York session the USD/CHF pair did not manage to hold this level and the price started pushing higher reaching high at 0.9615 level. At the moment this major pair is developing final 5 wave (coloured blue) and we are expecting to see the price around 0.9450 soon. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (0.9660-0.9538-0.9634), with Take Profit at 0.9457 (161.8% of wave 1). To reduce the risk, we can use resistance point at 0.9560 level as Stop Loss. Also it is necessary to monitor the U.S. Chicago PMI, Revised UoM Consumer Sentiment, Fed Chairman Bernanke Speaks, Factory Orders m/m, Jackson Hole Symposiu data that can change the rate of the pair.
Support and Resistance
(S3) 0.9533 (S2) 0.9556 (S1) 0.9570 (PP) 0.9592 (R1) 0.9615 (R2) 0.9629 (R3) 0.9651
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9550 with Stop Loss 0.9560 and Take Profit 0.9457 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
EUR/USD Wave Analysis for August 31,2012
EUR/USD Elliott Wave
For the last few days the EUR/USD pair was trading in an upward move developing 5 wave (coloured blue) of the bigger corrective (C) wave (coloured green). Yesterday during the early Asian and European sessions we could observe an ascending movement from 1.2523 towards the 1.2564 level. Therefore, during the New York session this major pair did not manage to hold this level and price started pushing lower reaching a new 2 days low at 1.2488 level. At the moment the EUR/USD pair is trading around 1.2565 level and we are expecting to see the price lower today. In accordance with our wave rules and taking into account that the wave 5 retraces 161.8% of the wave 1, we can define the potential targets by measuring wave 1, with Take Profit at 1.1884 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.2690 as Stop Loss. Also it is necessary to monitor the EU German Retail Sales m/m, CPI Flash Estimate y/y, Unemployment Rate and U.S. Chicago PMI, Revised UoM Consumer Sentiment, Fed Chairman Bernanke Speaks, Factory Orders m/m, Jackson Hole Symposium data that can change the rate of the pair.
Alternation: Wave 5 (coloured blue) of the bigger (4) wave (coloured orange) is still in the progress and we can expect to see price around 1.2680 level today.
Support and Resistance
(S3) 1.2442 (S2) 1.2471 (S1) 1.2489 (PP) 1.2518 (R1) 1.2547 (R2) 1.2565 (R3) 1.2594
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2520 with Stop Loss 1.2690 and Take Profit 1.1884 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
EUR/USD Intraday Technical Levels for September 3, 2012
Today EUR/USD has support and resistance at 1.2531 and 1.2616 and is accompanied by strong support at 1.2519 and by 1.2628 as strong resistance.
If EUR/USD breaks out and closes below 1.2511 level today, this will indicate a considerable bearish strength, while if EUR/USD manages to break out and close above 1.2636 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 1.2543 and SELL position at 1.2604. In this case both targets should be located at the level of 1.2573.
GOLD Wave Analysis for September 4 - 2012
GOLD Elliott Wave
For the last few weeks gold was trading in a strong upward move, developing impulsive (3) wave (coloured green) of the bigger (3) wave (coloured orange). Yesterday during the Asian and European session we could observe the price trading in a sideways move developing final 5 wave (coloured blue) of the bigger (3) wave (coloured green). Therefore, during the New York session this commodity started pushing higher and the price reached 1694.35 level. At the moment gold is trading around 1689.40 level and we are expecting to see the price lower today. 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 wave 2, with Take Profit at 1663.00 (100% of wave 2). To reduce the risk, we can use resistance at 1696.45 level as Stop Loss.
Support and Resistance
(S3) 1678.1 (S2) 1682.8 (S1) 1688.9 (PP) 1693.6 (R1) 1699.7 (R2) 1704.4 (R3) 1710.5
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1688.60 with Stop Loss 1696.45 and Take Profit at 1663.00 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
AUD/USD Wave Analysis for September 4 - 2012
AUD/USD Elliott Wave
Since our last analysis, the AUD/USD pair was trading in a downward move, like we expected, developing corrective wave (A) (coloured green) of the bigger wave (E) (coloured orange). Yesterday during the early Asian session we could observe a descending movement towards the 1.0240 level. Therefore, during the European and New York sessions the AUD/USD pair continued trading in a bearish mood and the price reached 1.0230 level. At the moment this currency pair is trading around 1.0245 level and we are expecting to see it around 0.9800 level soon. In accordance with our wave rules and taking into account that the wave E retraces 61.8% of the wave C, we can define the potential targets measuring wave C, with Take Profit 1 at 0.9974 (50% of wave C) and Take Profit 2 at 0.9824 (61.8% of wave C). To reduce the risk, we can use resistance at 1.0375 level as Stop Loss. Also it is necessary to monitor the AUD Current Account, Cash Rate, RBA Rate Statement and U.S. Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Total Vehicle Sales data that can change the rate of the pair.
Support and Resistance
(S3) 1.0192 (S2) 1.0218 (S1) 1.0233 (PP) 1.0259 (R1) 1.0285 (R2) 1.0300 (R3) 1.0326
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0230 with Stop Loss 1.0375 ,Take Profit at 0.9974 and Take Profit 2 at 0.9824 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
GBP/USD Sell Bellow 1.5905 for September 04, 2012 (Daily Strategy)
The pound sterling failed to exceed 1.59 area and had today a negative impact of the construction PMI index which was below 49 points. This pair will continue demonstrating a strong upward trend, given that it is above the 200 day moving average. It is likely that many currencies are now closing their positions waiting for the meeting of the ECB. The daily close above 1.5900 will initiate an upward sequence until 1.61. Furthermore, the pair is possible to demonstrate a pullback to 1.59 and then will fail to exceed it. In this case we recommend selling to strong support level 1.5780.
AUD/CAD Wave Analysis for September 6, 2012
AUD/CAD Elliott Wave
Yesterday the AUD/CAD pair was trading in a upward move developing wave (1) wave (coloured purple) the bigger 1 wave (coloured blue). During the early Asian session we could observe a descending movement towards the 1.0051 level and we can consider this move as the end of the (C) wave (coloured green) of the bigger wave (2) (coloured orange). Therefore, during the European and New York session this currency started pushing higher developing 1 impulsive wave (coloured blue). 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 extension (1.0051-1.0103-1.0076), with Take Profit at 1.0162 (161.8% of wave 1) and Take Profit 2 at 1.0215 (261.8% of wave 1) . To reduce the risk, we can use support at 1.0080 level as Stop Loss. Also it is necessary to monitor the AUD Employment Change and Unemployment Rate data that can change the rate of the pair.
Support and Resistance
(S3) 1.0029 (S2) 1.0050 (S1) 1.0063 (PP) 1.0084 (R1) 1.0105 (R2) 1.0118 (R3) 1.0139
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.0130 with Stop Loss 1.0080, Take Profit at 1.0162, and Take Profit 2 at 1.0215 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com