InstaForex Wave Analysis - page 92
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GBP/JPY Elliott wave count and Fibonacci levels - November 11, 2011
GBP/JPY is developing corrective wave 4 (colored light green in the chart) of medium term uptrend from 127.25. Within this wave there are three subwaves (colored magenta in the chart), and impulse subwave is still developing from 125.63. The targets below are Fibonacci retracements of 119.93-127.25, 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-124.75-125.56, 125.56-123.01-123.81.
Supports:
- 122.73 = .618 retracement
- 122.23 = confluence area of two objective points (OP)
- 122.08 = .50 ret
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 125.56-123.01.
Resistances:
- 123.98 = .382 retracement
- 124.29 = .50 ret
- 124.59 = .618 ret
Overbought/Oversold
Assuming that the major wave is now down 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 (20-30 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, November, 11 / 2011
Italian economic prospects are very negative. The widening of the German bund business confidence has collapsed and with it, investment. Private consumption has slowed rapidly to the expectations of rising unemployment and the provision of an unavoidable austerity program.
The export sector, which had made a modest positive contribution to GDP at the start of the new cycle of recession, has begun to weaken, and so will continue in the coming months due to the weak competitiveness and productivity of the economy, as well as stagnation-recession in the Eurozone, especially France and Germany.
Against this background, the impotence of the ruling coalition is clamorous. Since last summer designed a series of emergency budgets aimed at gaining the confidence of the markets. However, nothing has been announced implemented.
Italy is in danger of entering a vicious circle in which the recession feeds debt and risk aversion of investors strangle access to international credit markets to banking transalpine. This is the prelude to a default.
This day will be very narrow in the volume of operations and movements of major currencies, U.S. to commemorate Veterans Day. Anyway, the news agenda includes the preliminary consumer sentiment from the University of Michigan / Reuters at 9:55 Eastern.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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NZD/USD Bullish Outlook, November 11, 2011 (Daily Strategy)
NZD/USD
The pair New Zealand dollar - U.S. dollar registered sharp losses during the last ten days, having completed a decrease of more than 500 points. and on the road also broke the uptrend line that served as support around 0.7900. It is estimated that the pair will continue the downward movement, at least until the next significant support level around 0.7570. (S2)
Therefore, our objective is to try to take buy position but not at any price. The drop to the 0.7570 level, may represent a good opportunity to do, assuming that the weekly trend line is really going to support the price and will allow you to fall back into the pattern. This represents an excellent opportunity to buy the pair at a particularly low price ahead of the original motion resumed. On the other hand, a close above 0.7800, will give us the opportunity to take some long positions. with a short-term goal, to 0.8150 american dollars per dollar neolzelandés.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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Crude oil technical analysis for November 11, 2011
Analysis: Crude oil technical analysis for November 11 shows a stable upward movement over the moving average which has been providing us with excellent opportunities for bullish trading. The first target of the upside movement is now 98.86, as 95.54 has been overcome. In case this price level is hit, buying will continue with a target to USD 100.58 per barrel. Moreover, the current trend line 4 is serving as strong support for bulls. The price is below this line which is a sign of persistent prospects of upside movement. Bearish trading is not recommended at the moment: the price has not yet consolidated below the current trend line. Awesome Indicator demonstrates the current downward movement, since the last closed bar is red. That is why now it is recommended to open buy positions until an upward movement resumes. It will be seen as Awesome will take a turn upwards. This indicator will paint the closed bar green. A protective stop order can be now placed below trend line 4.
Trading recommendations:
Proceeding from the results of oil price movements analysis, it is recommended to buy with a target to USD 98.86. Bullish trading with a target over 100.58 is suggested unless bulls weaken their ardour and if this level is hit. Now traders can exit by a stop loss below trend line 4, as this line is strong support. Traders should go long with the specified targets after Awesome goes upwards. Opening short positions is not recommended now.
Fundamental data and the time of their release should also be taken into consideration apart from the technical vision.
Image annotations:
Awesome Oscillator – red and green bars in the indicator’s window.
Trend lines – blue lines.
Support and resistance levels – red horizontal lines.
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 14, 2011
GBP/JPY is developing corrective wave 4 (colored light green in the chart) of medium term uptrend from 127.25. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave С is still developing from 125.63. The targets below are Fibonacci retracements of 119.93-127.25, 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-122.90-124.22.
Supports:
- 122.73 = .618 retracement
- 122.53 = contracted objective point (COP)
- 122.23 = objective point (OP)
- 122.08 = .50 ret
- 121.50-49 = confluence area of .618 ret and OP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 125.63-122.90, 127.25-122.90.
Resistances:
- 124.27 = .50 ret
- 124.56-59 = confluence area of .382 and .618 retracements
- 125.05-08 = confluence area of .786 and .50 ret
- 125.59 = .618 ret
Overbought/Oversold
Assuming that the major wave is now down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (15-20 pips above the current prices) or into the overbought area (35-55 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - November 14, 2011
AUD/USD is developing wave A of medium term downtrend (colored light green in the chart). Within this wave there are A and B subwaves (colored royal blue in the chart) with subwave B still developing from 1.0051. The tragets of the upmove are Fibonacci retracements of 1.0752-1.0051, 1.0445-1.0051, and expansions off 1.0051-1.0208-1.0090.
Resistances:
- 1.0344 = expanded objective point (XOP)
- 1.0361 = .786 retracement
- 1.0402 = .50 ret
- 1.0484 = .618 ret
- 1.0501 = super expanded objective point (SXOP)
- 1.0602 = .786 ret
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 0.9387-1.0752, 1.0104-1.0343, and expansions off 1.0752-1.0051-1.0343.
Supports:
- 1.0252 = .382 ret
- 1.0223 = .50 ret
- 1.0195 = .618 ret
- 1.0155 = .786 ret
- 0.9910-08 = confluence area of contracted objective point (COP) and .618 ret
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 (20-25 pips above the current prices) or gets into the overbought area (65-90 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels - November 15, 2011
AUD/USD is developing wave A of medium term downtrend (colored light green in the chart). Within this wave there are A and B subwaves (colored royal blue in the chart) with subwave B still developing from 1.0051. Within the latter wave B there are also waves A and B (colored red in the chart) with subwave B still developing from 1.0343. The tragets of the upmove are Fibonacci retracements of 1.0752-1.0051, 1.0445-1.0051, and expansions off 1.0051-1.0343-1.0160.
Resistances:
- 1.0340 = contracted objective point (COP)
- 1.0361 = .786 retracement
- 1.0402 = .50 ret
- 1.0452 = objective point (OP)
- 1.0484 = .618 ret
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 0.9387-1.0752, 1.0051-1.0343, and expansions off 1.0752-1.0051-1.0343.
Supports:
- 1.0163 = .618 ret
- 1.0113 = .786 ret
- 0.9910-08 = confluence area of contracted objective point (COP) and .618 ret
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 (15-25 pips above the current prices) or gets into the overbought area (65-90 pips above the current prices).
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels - November 15, 2011
GBP/JPY is developing corrective wave 4 (colored light green in the chart) of medium term uptrend from 127.25. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave С is still developing from 125.63. Within the latter there are also three subwaves (colored magenta in the chart) with impulse subwave C developing from 124.22. The targets below are Fibonacci retracements of 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-122.90-124.22, 124.22-122.26-123.09.
Supports:
- 122.23 = objective point (OP)
- 122.08 = .50 retracement
- 121.88 = contracted objective point (COP)
- 121.49 = OP
- 121.13 = OP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 125.63-122.26.
Resistances:
- 123.55 = .382 ret
- 123.94 = .50 ret
- 124.34 = .618 ret
Overbought/Oversold
Assuming that the major wave is now down 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 © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, November, 15 / 2011
On Monday, the gloomy weather which could be seen last week has not changed, despite the resignation of Papandreou in Greece and Berlusconi in Italy which resulted in still-forming new governments. The markets seem to understand that while his successor, Mario Monti, is a highly respected technocrat in the peninsula, their presence hardly by itself can change the course of an economy that is headed for bankruptcy if it does not apply a fierce fiscal discipline, and does not control public spending is tight.
Moreover, the impression given is that this situation is not only a change of government is necessary to change the current scenario, but a change of mentality, which does not seem to be these and other countries too willing.
Reflected in numbers, European stock markets suffered losses again, followed by the New York Stock Exchange, which also had a decline in major indexes.
This state of things does not change, and yes is reaffirmed, during the European session on Tuesday. The DAX 30, FTSE 100, CAC 40 and IBEX 35 fell 1.5% on average, while the new Prime Minister of Italy, Mario Monti, begins to face his first political pressures to seek the formation of a coalition government.
The placement of the Italian Treasury bond returns to be very expensive, about 7%, which in turn had to accept Ireland, Portugal and Greece in its most critical moments.
In this context, the strong European currencies fell, led by the Euro, which is close to its minimum of 1.3483 last week, and the British Pound, which however presents a more lateralized trend in the medium term. The British currency was hit today by a report in the UK retail inflation lower than expected.
It also gives the Swiss franc, reaching its lowest since October 10, over statements by the Vice President of Swiss National Bank, Thomas Jordan, who said that the currency still remains Helvetica high.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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AUD/USD Buy Above 1.0080, November 15, 2011 (Daily Strategy)
AUD/USD
Australian Dollar versus the U.S. dollar is trading at 1.0129, with a tendency somewhat bearish in daily chart, the 50-day moving average, is above the current quote, indicating that the pair could continue their downward sequence at least to 1.0080, just at this level is the first weekly support, on the other hand, the indicator showing bullish momentum. therefore. We can enter buying small positions, as the pair changes course and shows us more clearly bullish or enter a buy order in the future, right in her weekly support level.
In view of the pair trade is very volatile and sensitive to any news or reporting on the market. Has to be handled with prudence and caution, so our stop loss level, we will place just below the S1 support, weekly.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
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Crude oil technical analysis for November 15, 2011
Analysis:
Crude oil analysis for November 15 shows a stable upside movement over the moving average which provides us with great opportunities of bullish trading. The first target of uptrend is now 100.58 as 98.86 was overcome. In case this price level is hit, buying will continue with a target to USD 102.08 per barrel. The current trend line 4 is now strong support for bulls and the price is over it which is a signal of the prospects of persistent uptrend. Bearish trading is not recommended so far: the price is to consolidate below the current trend line first. Awesome Indicator displays the current downside movement, as the last closed bar is red. So at the moment, it is not recommended to open buy positions until the uptrend resumes. It will be seen by Awesome’s upturn, this indicator will paint the closed bar green. A protective stop order can be now placed below the trend line 4.
Trading recommendations:
The analysis of the oil price movement suggests buying with a target to USD 100.58. If bulls do not ease their ardour and this level is hit, it is recommended to carry out bullish trading with a target to 102.08. Now exit by stop loss placed below the trend line 4 is grounded, as the line acts as strong support. Opening long positions is recommended after Awesome’s upturn. Short positions are not recommended to open.
Fundamental data and the time of their release should also be taken into consideration apart from the technical vision.
Image annotations:
Awesome Oscillator - red and green bars in the indicator’s window.
Trend lines – blue lines.
Support and resistance levels – red horizontal lines.
Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Analysis
Most helpful......!!!
Thank you so much.
GBP/JPY Elliott wave count and Fibonacci levels for November 16, 2011
GBP/JPY is developing wave A (colored light green in the chart) of medium term downtrend from 127.25. Within this wave there are three subwaves (colored royal blue in the chart), and impulse subwave С is still developing from 125.63. Within the latter there are also three subwaves (colored magenta in the chart) with impulse subwave C developing from 124.22. The targets below are Fibonacci retracements of 116.91-127.25, and expansions off 127.25-123.85-125.63, 125.63-122.90-124.22, 124.22-122.26-123.09, 123.09-121.61-122.02.
Supports:
- 121.13-11 = confluence area of objective point (OP) and contracted objective point (COP)
- 120.78 = .618 retracement
- 120.54 = OP
- 120.13 = expanded objective point (XOP)
- etc.
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 124.22 - this wave is not developed yet - so no resistances are available so far.
Overbought/Oversold
Assuming that the major wave is now down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (30-40 pips above the current prices) or into the overbought area (50-60 pips above the current prices).
Performed by Roman Molodiashin,
Analytical expert InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for November 16, 2011
AUD/USD is developing wave A of medium term downtrend (colored light green in the chart). Within this wave there are three subwaves (colored royal blue in the chart) with potential subwave C still developing from 1.0343. Within the latter wave C there are also waves A, B and C (colored red in the chart) with subwave C still developing from 1.0199. The tragets of the downmove are Fibonacci retracements of 0.9387-1.0752, and expansions off 1.0752-1.0051-1.0343, 1.0343-1.0112-1.0199.
Supports:
- 1.0056 = contracted objective point (COP)
- 0.9968 = objective point (OP)
- 0.9910-08 = confluence area of contracted objective point (COP) and .618 ret
- 0.9825 = expanded objective point (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 1.0752-1.0051.
Resistances:
- 1.0402 = .50 ret
- 1.0484 = .618 ret
Performed by Roman Molodiashin,
Analytical expert InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com