InstaForex Wave Analysis - page 98
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
GBP/JPY Elliott wave count and Fibonacci levels for December 20, 2011
GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A, B, and C subwaves (colored royal blue in the chart), with subwave С still developing from 120.23. Within the latter there are A, B and C subwaves (colored red in the chart). The targets of the upmove are Fibonacci retracements of 122.64-120.23, 127.25-119.31, and expansions off 119.31-122.64-120.23, 120.23-121.08-120.36, 120.36-120.96-120.45.
Resistances:
- 121.05 = objective point (OP)
- 121.15 = .382 retracement
- 121.21 = OP
- 121.42-44 = confluence area of expanded objective point (XOP) and .50 ret
- 121.72-74 = confluence area of .618 ret and XOP
- 122.02 = super expanded objective point (SXOP)
If the price reverses to the downside the immediate supports will be Fibonacci expansions off 122.64-120.23-121.08.
Supports:
- 119.59 = contracted objective point (COP)
- 118.67 = objective point (OP)
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 (30-40 pips above the current prices), watch for entries short at the specified resistances.
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 December 20, 2011
AUD/USD is developing potential impulse wave C of medium term downtrend (colored light green in the chart) from 1.0379. Within this wave there are two subwaves (colored magenta in the chart) with corrective subwave B still developing from 0.9861. The latter also has its subwaves - A, B, and C (colored red in the chart), with C developing from 0.9883. The targets of the upmove are Fibonacci retracements of 1.0379-0.9861, and expansions off 0.9861-1.0027-0.9883.
Resistances:
- 0.9986 = contracted objective point (COP)
- 1.0049 = objective point (OP)
- 1.0059 = .382 retracement
- 1.0120 = .50 ret
- 1.0152 = expanded objective point (XOP)
- 1.0181 = .618 ret
- 1.0268 = .786 ret
If the price keeps declining the immediate supports will be expansions off 1.0752-0.9663-1.0379, 1.0379-0.9861-1.0027.
Supports:
- 0.9707-06 = confluence area of two contracted objective points (COP)
- 0.9509 = OP
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 (current prices) or gets into the overbought area (20-35 pips above the current prices), watch for entries short at the specified resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, December, 20 / 2011
The announcement of the agreement of the finance ministers of the euro area, which provided a loan to the IMF to 150 billion euros to fight against the current financial crisis, has been well taken by the markets.
This explains the dollar's decline on all fronts, which is also marked by some of the major currencies, benefiting from macro local reports.
Such is the case of the Australian dollar. The Reserve Bank of Australia said he was optimistic of the minutes of the last meeting on December 6, and spoke of strong growth. The Australian has responded accordingly, with the support of the rise of an ounce of gold, which again exceeds $ 1 600.
In addition, an unexpected growth in the German IFO index, which marks the business climate in the country, gave further impetus to the euro, which has been delayed, however, the British pound. The British currency area definitely exceeded 1.56 in the final hours.
It's a minor detail IFO survey. In addition to continuing to be the main reference for the measurement of the economic environment in Germany, which of course will most European countries, the figure shows that the continent's largest economy fails or the difficulties of their Southern partners.
This results, then, the euro exchange rate, which in similar circumstances, with a debt downgrade of countries and banks, may even be less than 1.20.
For now, this state of affairs is headed by a relatively calm year-end foreign exchange market, with indicators that have at least stopped getting worse this month, and the U.S. economy shows signs strong recovery.
Precisely at 8:30 Eastern, permits will be available and starts in November. The figures would be similar to the previous month, so it would not generate significant impacts on the currency.
A few hours after the opening of the NYSE, the Dow Jones index futures recover losses Monday, and short-term chart shows a slight upward trend. European shares, meanwhile, operating income of 1.5% on average, completing two consecutive days of strong earnings, something unusual in recent times.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
PLATINUM (#PLF) Buy Long Above 1430.00, December/20/ 2011 (Weekly Strategy)
PLATINUM
Platinum is a precious metal in the world, even more expensive and precious than gold and silver. Its applications are many and varied, such as is used for weights and measures used in the electronics industry for electrical contacts subjected to high temperatures and in the manufacture of electrodes attached to chemical attack.
The correction of the metals is due to the growing concern of investors in the eurozone problems.
At the technical level, we see that the Platinum is trading at their lows for the year 2010. In August of this year reached 1912.1 and 1375.8 trading on December 15 a few days ago, (the annual minimum). There is now good reason to take bullish positions, with a long-term goal in 1650 . The indicators RSI, Momentum, and show an upward trend and a change in imminent rebound of short-term trend.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for December 21, 2011
GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A, B, and C subwaves (colored royal blue in the chart), with potential subwave С still developing from 120.23. Within the latter there are A, B and C subwaves (colored red in the chart). The targets of the upmove are Fibonacci expansions off 119.31-122.64-120.23, 120.23-121.08-120.36.
Resistances:
- 122.29 = contracted objective point (COP)
- 122.59 = super expanded objective point (SXOP)
- 123.56 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 120.36-122.10.
Supports:
- 121.44 = .382 retracement
- 121.23 = .50 ret
- 121.02 = .618 ret
Overbought/Oversold
Assuming that the major wave is now moving up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (20-30 pips below the current prices), watch for entries long at the specified supports.
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 December 21, 2011
AUD/USD is developing potential impulse wave C of medium term downtrend (colored light green in the chart) from 1.0379. Within this wave there are two subwaves (colored magenta in the chart) with corrective subwave B still developing from 0.9861. The latter also has its subwaves - A, B, and C (colored red in the chart), with C developing from 0.9883. The targets of the upmove are Fibonacci retracements of 1.0379-0.9861, and expansions off 0.9861-1.0027-0.9883, 0.9883-1.0094-1.0053.
Resistances:
- 1.0152 = expanded objective point (XOP)
- 1.0181-83 = confluence area of .618 retracement and contracted objective point (COP)
- 1.0264-68 = confluence area of objective point (OP) and .786 ret
If the price reverses to the downside the immediate supports will be Fibonacci retracements of the wave up from 0.9883 - this wave is not developed yet, so no supports are available so far.
verbought/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 (20-30 pips below the current prices) or gets into the oversold area (60-80 pips below the current prices), watch for entries long at the specified supports.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, December, 21 / 2011
The likely bid which will later in the day the European Central Bank to banks, asking about 380 billion dollars (290 billion euros) in loans to 3 years, and the reference rate of the ECB itself, upward thrust being given to the euro.
The single currency against the dollar is growing rapidly, in a much more optimistic than last week in financial markets. European shares also reflect the high spirits of investors, operating its major indexes average gain of 1.3%.
The measure would take the ECB appears to be the most sensible of the worsening financial crisis in Europe in November, and will undoubtedly bring some relief to the banks, leading providers of states now in trouble, which has brought enormous problems to meet their own commitments.
It, too, a reflection of this: in U.S. banks fell for the housing bubble that they created, providing mortgages to individuals who clearly were not able to meet its payments, and the world fell on banks, guilty certainly, but operating under rules imposed by the Fed
In Europe, the culprits are governments themselves. His populist policies, patronage, without any vision for the future and unable to move their aging structures, have led their countries to take bank loans at very reasonable rates even, aided by Germany.
So why not exhaustively noted those governments? Perhaps it is that little by little are withdrawn, and one of the latest examples is Spain. The new government took office promising a hard Rajoy adjustment to the economy, no doubt unpleasant, but essential if you intend that his country begins to show signs of recovery in the near future.
The same path should follow the rest of Europe to consolidate or minimal growth in 2012, seeking a sustainable recovery in 2013. Anyway, as we have reiterated many times in this column: "money problems are solved with money." If the ECB, IMF, or whoever, euros injected into the economies in trouble, even at the risk of renewed inflation, the output will be faster. With speeches, as was seen during 2010 and 2011, nothing comes.
Turning to the day's news agenda, have been known as the Minutes of the Bank of England. It was learned that the decision to leave unchanged the interest rate remains nearly 3 years at 0.5% was unanimous by the Monetary Policy Committee.
In addition, important data are expected in Canada, where at 8:30 Eastern will be published consumer price index. The loonie has regained strength in these days, in favor of a downward movement of the dollar in general, and the growth of oil in particular.
In the U.S., at 10:00, will be the turn of the sales of existing homes, and 10:30, the weekly oil inventories.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
NATURAL GAS (#NG) Buy Long Above 3.040 December/21/ 2011 (Weekly Strategy)
NATURAL GAS
Natural gas futures is trading at $ 3,107 per million British thermal units during the American session, trading at a very small range, we have a very strong support. 3.040( weekly support), we believe the pair may reach this level and then take upward force.
If you notice on the chart, natural gas has left a gap in its opening last week of December 12. is likely to have to close that gap before continuing its downward trend. Our goal for this exercise we will place short-term resistance in the second round of 3,383 weekly.
On the other hand, the Momentum indicator and range are showing oversold, signaling a possible rebound.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
AUD/USD Elliott wave count and Fibonacci levels for December 22, 2011
AUD/USD is developing potential impulse wave C of medium term downtrend (colored light green in the chart) from 1.0379. Within this wave there are two subwaves (colored magenta in the chart) with corrective subwave B still developing from 0.9861. The latter also has its subwaves - A, B, and C (colored red in the chart), and potential corrective subwave 4 is developing from 1.0218. The targets of the upmove are Fibonacci retracements of 1.0379-0.9861, and expansions off 0.9861-1.0027-0.9883, 0.9883-1.0218-1.0051.
Resistances:
- 1.0258-68 = confluence area of contracted objective point (COP) and .786 retracement
- 1.0318 = super expanded objective point (SXOP)
- 1.0386 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 0.9883-1.0218, and expansions off 1.0379-0.9861-1.0218.
Supports:
- 1.0051 = .50 ret
- 1.0011 = .618 ret
- 0.9955 = .786 ret
- 0.9898 = COP
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 (35-45 pips below the current prices), watch for entries long at the specified supports.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
EUR/USD Intraday Technical Level For December 22nd / 2011
http://forex-images.instaforex.com/userfiles/20111221/Analisa_Forex_EU_22-12-2011.JPG[/img[
TODAY TECHNICAL LEVEL :
Breakout BUY Level : 1.3102.
Strong Resistance : 1.3094.
Original Resistance : 1.3082.
Inner Sell Area : 1.3070.
Target Inner Area : 1.3039.
Inner Buy Area : 1.3008.
Original Support : 1.2996
Strong Support : 1.2983.
Breakout SELL Level : 1.2976.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.2996 and 1.3082 is accompanied by a strong support at 1.2983 and 1.3094 for the strong resistance; If today the EUR/USD can break out and close below the 1.2976 level then this indicates considerable Bearish strength, while if the EUR/USD today can break out and close above the 1.3102 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3008 and 1.3070 for SELL position in which case both targets are located at the 1.3039 level.
Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
GBP/JPY Elliott wave count and Fibonacci levels for December 22, 2011
GBP/JPY is developing corrective wave B (colored light green in the chart) of medium term downtrend from 119.31. Within this wave there are A, B, and C subwaves (colored royal blue in the chart), with potential subwave С still developing from 120.23. Within the latter there are A, B and C subwaves (colored red in the chart). The targets of the upmove are Fibonacci retracements of 127.25-119.31, and expansions off 119.31-122.64-120.23, 120.23-121.08-120.36, 120.36-122.52-121.92.
Resistances:
- 122.59 = super expanded objective point (SXOP)
- 123.25-28 = confluence area of contracted objective point (COP) and .50 retracement
- 123.56 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 120.36-122.52.
Supports:
- 121.69 = .382 retracement
- 121.44 = .50 ret
- 121.19 = .618 ret
Overbought/Oversold
Assuming that the major wave is now moving up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (10-20 pips below the current prices), watch for entries long at the specified supports.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
Fundamental Analysis, December, 22 / 2011
The dollar resumed its strength throughout the currency market, before seeking refuge from big investors.
Both France and Italy will issue debt next week, and this is a sign of concern in the markets, since it is not known for sure who will echo these emissions.
In principle, there should be an increase in the risk premium paid by both countries but are constant warnings from rating agencies about the possibility of reduction of the debt note not only of these two nations, but the rest of Europe.
In this context, the European currencies vary in wide ranges of prices, not strange to see the euro falling from its peak on Wednesday, when it touched 1.32, the current 1.3060, which puts you at a level very close to changing short-term trend if 1.3025 support break.
The pound sterling, which has remained stable in recent weeks, has a similar behavior to the euro at the time. Course was affected by two macro data, a negative (whose current account balance deficit rose in November), and a positive (small increase in the revised third quarter GDP). The 0.6% increase in GDP completes three consecutive quarters of growth, albeit very modest to the British economy away from the ghost of the recession.
Therefore, although the loser gave it to David Cameron at the summit of European leaders two weeks ago will have been so? Or was it the one that won? AND CONSCIOUS: anyone remember that at that summit nearly refound the European continent?
In the U.S. session will be announced Thursday at 8:30 Eastern, weekly unemployment requests, and the second revision of GDP in the third quarter. In this regard, no significant changes are expected and much less impact on the markets, except that the published figure is different from the 2.5% growth posted 30 days ago.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com
============================================================================
=========
============================================================================
=========
EUR/AUD Bullish Outlook, December 22, 2011 (Monthly and Yearly Strategy)
The pair euro-Australian dollar falls so unusually sharp, from 01 dicembre 2008 recording its maximum at 2.1027 and two years after reaching its minimum of 1.2930, after there be in the range of 1000 pips to 1.4000 by time of year,
The 1.2930 level was a key that prevented the fall of par, yesterday registered a minimum at 1.2857, showing that the pair has a good long way to fall to the level of 1.2082. This is one of the most aggressive major trends in the markets, certainly in the context of serial weakening outside the eurozone following the debt crisis on the continent, and the good standing of the Australian economy as well as the large gap in interest rates, which was expanded in recent years in favor of Australia.
What is very interesting to discover that the pair has not registered even a small technical correction throughout the large drop. We have good reason to believe that there is a possibility that such a correction would get started already in the short term, following the temporary solution and the relative calm in the European debt problem, forecasts predict that it will reduce the gap interest rates between the two countries. It is assumed that even the smallest correction should push the pair to the resistance of $ 1.5350 per euro Australians. It is possible to condition the purchase stance in breaking the support line that accompanies the pair, around 1.3050 and can serve as a trigger for purchase. If the pair does not check that level continues to fall rapidly and can take position of a buy order at 1.2250 long term.
Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011
More analysis - at instaforex.com