InstaForex Wave Analysis - page 109
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GBP/JPY Elliott wave count and Fibonacci levels for March 1, 2011
GBP/JPY has developed five waves of medium term uptrend (colored magenta in the chart) from 119.53 to 129.71. Now potential corrective wave A is developing from 129.71. The targets of the downmove are Fibonacci retracements of 119.53-129.71, 126.63-129.56, and expansions off 129.71-126.63-129.56.
Supports:
- 128.44 = .382 retracement
- 128.10 = .50 ret
- 127.75 = .618 ret
- 127.66 = contracted objective point (COP)
- 126.48 = objective point (OP)
- 125.82 = .382 retracement
If the uptrend continues the immediate resistances will be Fibonacci expansions off 119.53-123.11-121.62, 121.62-126.77-125.41, 125.41-129.71-126.63.
Resistances:
- 130.56 = OP
- 130.93-99 = confluence area of OP and super expanded objective point (SXOP)
Overbought/Oversold
The bigger wave is now moving up, so it's preferable to try long positions when the Detrended Oscillator goes below the zero level (current prices) or into the oversold area (25-40 pips below the current prices). Watch for opportunities to go long at or near the indicated supports.
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 March 1, 2011
AUD/USD finished the downwave from 1.08944 to 1.0597 - this is corrective wave B of medium term uptrend (colored light green in the chart). Now impulse wave C is developing from 1.0597. Within this wave we have A, and B subwaves (colored royal blue in the chart), and subwave B is still developing from 1.0856. The latter, by the way, also has two subwaves (colored yellow in the chart), with corrective subwave B still developing from 1.0715.
Now the targets above the current price level are Fibonacci expansions off 1.0145-1.0844-1.0597, 1.0597-1.0856-1.0715.
Resistances:
- 1.0875 = contracted objective point (COP)
- 1.0974 = objective point (OP)
- 1.1029 = COP
However if the price reverses to the downside and breaks below 1.0715, the immediate supports will be Fibonacci retracements of 1.0597-1.0856.
Support:
- 1.0696 = .618 ret
Overbought/Oversold
The larger wave is now moving up, so it's prefereable to go long when the Detrended Oscillator goes below the zero level (current prices) or into the oversold area (20-30 pips below the current prices), watch for possibilities to go long at or near the indicated supports.
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 March 2, 2011
GBP/JPY is now moving within wave 5 of medium term uptrend (colored royal blue in the chart) from 125.41. Within this wave we have subwaves A, B, and C (colored magenta in the chart) with subwave C still developing from 126.63. The latter, however, also has its subwaves (they're colored red in the chart), and subwave C is developing from 128.69.
Now the targets above the current price level are Fibonacci expansions off 119.53-126.77-125.41, 125.41-129.71-126.63, 126.63-129.56-128.69.
Resistances:
- 129.88 = contracted objective point (COP)
- 130.50 = COP
- 130.93 = objective point (OP)
- 131.62 = OP
However if the price reverses to the downside the immediate supports will be Fibonacci retracements of the wave up from 126.63 - this wave is not developed, so no supports are available so far.
Overbought/Oversold
The bigger wave is now moving up, so it's preferable to try long positions when the Detrended Oscillator goes below the zero level (10-15 pips below the current prices) or into the oversold area (40-55 pips below the current prices). Watch for opportunities to go long at or near the indicated supports.
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 March 2, 2011
AUD/USD finished the downwave from 1.08944 to 1.0597 - this is corrective wave B of medium term uptrend (colored light green in the chart). Now impulse wave C is developing from 1.0597. Within this wave we have A, and B subwaves (colored royal blue in the chart), and subwave B is still developing from 1.0856. The latter, by the way, also has two subwaves (colored red in the chart), with corrective subwave B still developing from 1.0715.
Now the targets above the current price level are Fibonacci expansions off 1.0145-1.0844-1.0597, 1.0597-1.0856-1.0715.
Resistances:
- 1.0875 = contracted objective point (COP)
- 1.0974 = objective point (OP)
- 1.1029 = COP
However if the price reverses to the downside, the immediate supports will be Fibonacci retracements of 1.0597-1.0856, and expansions off 1.0856-1.0715-1.0817.
Support:
- 1.0730 = COP
- 1.0696 = .618 ret
- 1.0676 = OP
- 1.0598 = XOP
Overbought/Oversold
The larger wave is now moving up, so it's prefereable to go long when the Detrended Oscillator goes below the zero level (current prices) or into the oversold area (15-25 pips below the current prices), watch for possibilities to go long at or near the indicated supports.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
USD/CAD Elliott wave count for March 2, 2012
Market Overview
Yesterday the USD/CAD pair was trading in downward movement. During the European session this major pair started pushing in bearish mood to the 0.9870 level, therefore during the New York session the USD/CAD pair continued to following the trend and price reached a new low at 0.9840 level.Today we can observe bullish mood in the Asian session.
Today the USD/CAD pair is expected to test 50 EMA resistance before we can see price reaching a new low.
Also it is necessary to consider the data concerning the Canadian GDP that could affect the rate of the pair.
Support and Resistance levels
(S3) 0.9808 (S2) 0.9830 (S1) 0.9844 (PP) 0.9866 (R1) 0.9888 (R2) 0.9902 (R3) 0.9924
USD/CAD Elliott Wave Analysis
The USD/CAD pair finished the 5th impulse wave of the bigger ((3)) wave at 0.9840.
Presently we can observe the end of ((4)) wave. In accordance with our wave rules and taking into account that the wave ((4)) will finish in 3 corrective waves under 0.9906 level we can enter short in Final ((5)) wave. Assuming that wave ((5)) will be equal as ((1)) wave we can project our targets to First Take Profit at 0.9800(61.8% of ((1)) wave) and Second Take Profit at 0.9745(100% of ((1)) wave).For Stop Loss we can use invalidation point at level 0.9906.
Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. Therefore, short position at levels 0.9865 with Stop Loss in the point 0.9906 Take Profit 1 at 0.9800 and Take Profit 2 at level 0.9745 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
USD/CAD Elliott wave count for March 6, 2012
Market Overview
On Friday during the European session the AUD/USD pair was trading in a upward trend and reached the resistance level 0.9880 (50 EMA). During the New York session the AUD/USD pair continued the movement within the bearish mood. The AUD/USD pair finished Friday's New York session at daily high at 1.9900 level(100 EMA). Today in the European session we could observe the bullish mood .Today the USD/CAD pair is expected to test the 0.9945 level before we can see price reaching a new low. Also it is necessary to consider the data concerning the USD ISM Non-Manufacturing PMI and Factory Orders m/m that could affect the rate of the pair.
Support and Resistance levels
(S3) 0.9829 (S2) 0.9848 (S1) 0.9859 (PP) 0.9877 (R1) 0.9896 (R2) 0.9907 (R3) 0.9925
USD/CAD Elliott Wave Analysis
The USD/CAD pair finished the wave 3 of the bigger (V) wave at level 0.9842. Presently we can observe the end of the wave 4.In accordance with our wave rules and taking into account that the wave 5 will is equal to the wave 3, we can define the potential targets with help of Fibonacci extension (0.9993-0.9842-0.9945) with first Take Profit at level 0.9849(61.8% of wave iii) and second Take Profit at 0.9823 (78.6% of wave iii). For Stop Loss we can use invalidation point at level 0.9975.
Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. Therefore, the short position at levels 0.9920 with Stop Loss in the point 0.9975 Take Profit 1 at 0.9849 and Take Profit 2 at level 0.9823 are recommended.
Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for March 6, 2011
The GBP/JPY pair is presently moving within wave C of the medium term uptrend (royal blue in the chart) from the point 126.63. Within this wave we have subwaves A, and B (magenta in the chart) with developingsubwave B coming from 130.04. The latter, however, has three subwaves (yellow in the chart), and subwave C is developing from 129.60.
The downmove targets are equal to the Fibonacci retracements of 126.63-130.04, 125.41-130.04.
Supports:
- 128.74 = .382 retracement
- 128.33-27 = confluence area of .50 and .382 retracements
- 127.93 = .618 ret
- 127.72 = .50 ret
If the price resumes the uptrend, the immediate resistances will correspond to Fibonacci expansions 125.41-129.71-126.63.
Resistances:
- 130.93 = objective point (OP)
Overbought/Oversold
The bigger wave is now moving upwards, so long positions are recommended when the Detrended Oscillator move below the zero level (current prices) or into the oversold area (20-35 pips below the current prices). It is necessary to pay attention to the opportunities to go long at or near the indicated supports.
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 March 6, 2011
The AUD/USD pair is now trading within the impulse wave C of medium term uptrend from 1.0597 (light green in the chart). Within this wave we have the subwaves A and B (royal blue in the chart). The subwave B is still developing from 1.0856. The latter, by the way, comprises three subwaves (colored red in the chart), with impulse subwave C still developing from 1.0817.
Presently the downside targets correspond to the Fibonacci retracements 1.0597-1.0856, and expansions 1.0856-1.0715-1.0817.
Support:
- 1.0696 = .618 retracement
- 1.0676 = OP
- 1.0589 = XOP
If the price reverses to the upside, the immediate resistances will be euqal to the Fibonacci retracements of the wave down from 1.0817. As this wave is not completed yet, resistances are not available.
Overbought/Oversold
The larger wave is now moving up, so long positions are recommended, when the Detrended Oscillator goes below the zero level (current prices) or into the oversold area (10-20 pips below the current prices). It is necessary to consider the possibilitiesof long positions at or near the indicated supports.
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 March 6, 2011
The GBP/JPY pair is now moving within the wave C of the medium term uptrend (royal blue in the chart) from 126.63. Within this wave we have subwaves A, and B (magenta in the chart) including the still developing subwave B coming from 130.04. The latter, however, comprises two subwaves (yellow in the chart); the subwave B is developing from 128.16.
The downside targets are Fibonacci retracements of 126.63-130.04, 125.41-130.04, and expansions off 130.04-128.16-129.43.
Supports:
- 128.27 = contracted objective point (COP)
- 127.93 = .618 ret
- 127.72 = .50 ret
- 127.55 = objective point (OP)
- 128.17 = .618 ret
If the price resumes the uptrend, the immediate resistances will be Fibonacci expansions off 125.41-129.71-126.63, 126.63-130.04-128.16.
Resistances:
- 130.27 = COP
- 130.93 = OP
Overbought/Oversold
The bigger wave is now moving upwards, so it is better to try long positions when the Detrended Oscillator goes below the zero level (current prices) or into the oversold area (20-35 pips below the current prices). Consider the opportunities for the long positions at or near the indicated supports.
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 March 6, 2011
The AUD/USD pair has finished wave 0.9861-1.0856 (coral in the chart) that consists of 5 smaller waves (light green in the chart). Presently the corrective wave B is developing from 1.0856. Within this wave we have subwaves A, B, and C (red in the chart). The subwave C is still developing from 1.0817 comprising the subwaves A, B, and C (orange red in the chart); the wave C is still developing from 1.0690.
The downside targets are Fibonacci retracements of 0.9861-1.0856, and expansions off 1.0856-1.0715-1.0817, 1.0817-1.0655-1.0690.
Supports:
- 1.0590-89 = confluence area of contracted objective point (COP) and expanded objective point (XOP)
- 1.0528 = objective point (OP)
- 1.0476 = .382 retracement
However, if the price reverses to the upside, the immediate resistances will be Fibonacci retracements of the wave down from 1.0856. As this wave is not developed yet ,so no resistance levels are not available.
Overbought/Oversold
The larger wave is now moving down, so it i recommended to open the short positions when the Detrended Oscillator goes above the zero level (50-60 pips above the current prices) or into the overbought area (80-90 pips above the current prices). Mind the possibilities of short positions at or near the indicated supports.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com