InstaForex Wave Analysis

[insta_poster]

USD/CAD Elliott wave count for March 29, 2012


Market Overview
Yesterday the USD/CAD pair was trading within the upward trend. During the European session the major started to ascend towards 0.9975. Therefore, during the New York session we were able to observe continuation of the bullish mood; the price reached the new daily high at 1.0000 at the end of session. Today during the Asian session we have observed continuation of upward trend and price reached the 0.9973 level. Today the USD/CAD pair is expected to test the 0.9900 level. Also it is necessary to consider the data concerning the USD Unemployment Claims, Final GDP q/q, FOMC Member Lockhart Speaks, Fed Chairman Bernanke Speaks and CAD RMPI m/m, IPPI m/m, Annual Budget Release that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9922 (S2) 0.9943 (S1) 0.9956 (PP) 0.9976 (R1) 0.9997 (R2) 1.0010 (R3) 1.0030

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished A wave (colored blue) of the bigger (C) wave (colored green) in the point 0.9999. Presently we can observe start of B wave (colored blue). In accordance with our wave rules and taking into account that the wave B should retrace from 50 - 61.8% of wave A, we can define the potential targets with the Fibonacci retracement (0.9899-0.9999); the First Take Profit at 0.9949 (50% of wave A) and Second Take Profit at 0.9921 (78.6% of wave A). For Stop Loss we can use the 1.0020 resistance level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. That is why Short position at levels 0.9970 with Stop Loss at 1.0020, Take Profit at 0.9949 and Take Profit 2 at 0.9921 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[insta_poster]

GBP/JPY Elliott wave count and Fibonacci levels for March 29, 2011

GBP/JPY is developing corrective wave B of medium term uptrend from 133.42 (royal blue in the chart). Within this wave we have three subwaves (red in the chart), A, B, and potential impulse subwave C is developing from 133.32.

Now the targets below are Fibonacci retracements of 126.48-133.42, and expansions off 133.42-129.94-133.32, 133.32-130.96-131.78.

Supports:

- 130.32 = contracted objective point (COP)
- 129.95 = .50 ret
- 129.84 = objective point (OP)
- 129.42 = OP
- 129.13 = .618 ret

The targets above are Fibonacci expansions off 126.48-133.42-129.94, 129.94-133.32-130.96.

Resistances:

- 133.05 = COP
- 134.23 = COP
- 134.34 = OP



Overbought/Oversold

The bigger wave is now moving down, so it's preferable to try short positions when the Detrended Oscillator goes above the zero level (current prices) or into the overbought area (30-40 pips above the current prices). Watch for opportunities to go short at or near the indicated resistances.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[insta_poster]

AUD/USD Elliott wave count and Fibonacci levels for March 29, 2011

AUD/USD is developing potential corrective wave B of medium term uptrend (coral in the chart) from 1.0856. Within this wave there are subwaves A, B and C (royal blue in the chart). Impulse subwave C is developing from 1.0636. Within the latter we have subwaves A, B (magenta in the chart), and potential C that is developing from 1.0557. The latter subwave also has its on subwaves (orange red in the chart), they are A, B, and C that is developing from 1.0403.

The targets below are Fibonacci retracements of 0.9861-1.0856, and expansions off 1.0856-1.0423-1.0636, 1.0636-1.0336-1.0557, 1.0557-1.0355-1.0403.

Supports:

- 1.0278 = contracted objective point (COP)
- 1.0257 = objective point (OP)
- 1.0241 = .618 retracement
- 1.0203-01 = confluence area of two OP's

The targets above are Fibonacci retracements of 1.0856-1.0336.

Resistances:

- 1.0596 = .50 retracement
- 1.0657 = .618 ret



Overbought/Oversold

The larger wave is now moving down, so it's prefereable to go short when the Detrended Oscillator goes above the zero level (10-15 pips above the current prices) or into the overbought area (30-45 pips above the current prices), watch for possibilities to go short at or near the indicated resistances.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[badman]

EUR/USD Weekly and Monthly Pivot Points for April 02 - 06, 2012



The pivots points chart for the EUR / USD pair for this week are placed in accordance with highs and lows and the weekly price close of the pair. This chart will enable you to place Take Profits or Stop Losses. These pivot levels can be considered as some sort of trading map allowing you to know beforehand the possible increases and declines of the pair.

Therefore it is recommended to open short positions at the R1 level and long positions at S1 level. If the weekly pivot is considered as a target, it may be a feasible strategy for swing trading. The strategy can be used in other way. In particular it is possible to open long positions in S2 positions, and short R2 weekly with S1 or R1 as seen weekly targets or to the pivot point.



____WEEKLY_____
Weekly - R3 = 1.3614
Weekly - R2 = 1.3500
Weekly - R1 = 1.3420
Weekly Pivot = 1.3306
Weekly - S1 = 1.3226
Weekly - S2 = 1.3112
Weekly - S3 = 1.3032




____MONTHLY______
Monthly - R3 = 1.3865
Monthly - R2 = 1.3625
Monthly - R1 = 1.3483
Monthly Pivot = 1.3243
Monthly - S1 = 1.3101
Monthly - S2 = 1.2861
Monthly - S3 = 1.2719





Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012




More analysis - at instaforex.com



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GBP/USD Weekly and Monthly Pivot Points for April 02 - 06, 2012


The pivot points chart for the GBP / USD pair for this week indicates that pivot points are set according to the weekly highs and lows of the pair as well as the close price. This chart will enable you to place Stop Take Profits or Stop Losses. These pivot levels can serve as a trading map allowing you to know beforehand the possible increases and declines of the pair.

Therefore it is recommended to open short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as a target, it may be a good strategy for swing trading. The strategy can be used in other way. Pariculary it is possible to open long positions in S2 positions and short R2 weekly with S1 or R1 seen as weekly targets or to the pivot point.

____WEEKLY_____

Weekly - R3 = 1.6335
Weekly - R2 = 1.6186
Weekly - R1 = 1.6100
Weekly Pivot = 1.5951
Weekly - S1 = 1.5865
Weekly - S2 = 1.5716
Weekly - S3 = 1.5630




_____MONTHLY____
Monthly - R3 = 1.6601
Monthly - R2 = 1.6318
Monthly - R1 = 1.6167
Monthly Pivot = 1.5884
Monthly - S1 = 1.5733
Monthly - S2 = 1.5450
Monthly - S3 = 1.5299






Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012


More analysis - at instaforex.com






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AUD/USD Weekly and Monthly Pivot Points for April 02 - 06, 2012



The pivot points chart for the AUD /USD pair for this week shows that pivot points are placed according to the maximum and minimum quotes and the weekly closure of the pair. This chart will enable you to place Stop Take Profits or Stop Losses. These Pivot Levels are some sort of trading map allowing you to know beforehand the possible increases and declines of the pair.

Therefore it is recommended to open the short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as a target, it may appear to be a reasonable strategy for swing trading. The strategy can be used otherwise: it is possible to open long positions in S2 positions, and short R2 weekly with S1 or R1 seen as weekly targets or to the pivot point.



_____WEEKLY_____
Weekly - R3 = 1.0752
Weekly - R2 = 1.0655
Weekly - R1 = 1.0499
Weekly Pivot = 1.0402
Weekly - S1 = 1.0246
Weekly - S2 = 1.0149
Weekly - S3 = 0.9993




_____MONTHLY____
Monthly - R3 = 1.1186
Monthly - R2 = 1.1001
Monthly - R1 = 1.0673
Monthly Pivot = 1.0488
Monthly - S1 = 1.0160
Monthly - S2 = 0.9975
Monthly - S3 = 0.9647




Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012




More analysis - at instaforex.com





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USD/JPY Weekly and Monthly Pivot Points for April 02 - 06, 2012


The weekly pivots chart for the USD / JPY indicates that pivot points are placed according to the maximum and minimum quotes and the weekly closure of the pair. This chart will enable to place Stop Take Profits or Stop Losses. These Pivot Levels are some sort of a trading map that will allow you to know beforehand the possible increases and declines of the pair.

Therefore, it is recommended to open the short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as target, it may be a feasible strategy for swing trading. The strategy can be used otherwise: it is possible to open long positions in S2 positions, and short R2 weekly with S1 or R1 as seen weekly targets or to the pivot point.



____WEEKLY_____
Weekly - R3 = 85.10
Weekly - R2 = 84.24
Weekly - R1 = 83.55
Weekly Pivot = 82.69
Weekly - S1 = 82.00
Weekly - S2 = 81.14
Weekly - S3 = 80.45





____MONTHLY______
Monthly - R3 = 88.08
Monthly - R2 = 85.13
Monthly - R1 = 84.49
Monthly Pivot = 82.54
Monthly - S1 = 80.90
Monthly - S2 = 78.95
Monthly - S3 = 77.31






Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012


More analysis - at instaforex.com









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EUR/USD Technical Analysis and Trading Recommendations for April 2, 2012






General situation:
Analyzing the Forex market on April 2 we can see that in course of yesterday’s trades the rate remained in sideways channel restricted by Bollinger Bands. Therefore, it is recommended to refrain from trading. The current signal for Buy-deals is confirmed and strong, as Chinkou Span is above the price chart and the price is higher than Ichimoku Cloud. At the moment the target for ascending movement is the first resistance level 1.3420 though it is recommended to begin bullish trading only when Bollinger Bands begin their extension to upwards. In case the first target level has been overcome, the next target will be seen at the second resistance level 1.3500. the uprising movement remains relevant as long as the price is higher than Kijun-Sen (1,3320). If the price is fixed below this line, this will indicate the weakening of the sellers signals and the further development of the ascending movement will be questioned. Chinkou Span is located above the price chart confirming the current signal for Buy-deals and indicating the bullish mood of traders. Bollinger Bands indicates the continuation of the sideways movement, lines are not expanding and directed sideways. Thus, in general it is recommended to stay away from the market until the flat movement is over. MACD is declining showing the current descending price movement. Therefore, you cannot open long positions at the moment as Bollinger Bands confirms it.



Trading recommendations:
On the EUR/USD market it is recommended to consider bullish trades with 1.3420 seen as target but only when Bollinger Bands goes upwards. If bullish mood continues and this level is passed through, it will be possible to continue Buy-deals with target seen at level 1.3500. stop Loss is to be placed below 1.332 and as this line goes higher, Stop Loss level can be placed upwards as well. With 50-60 pips of profit Stop Loss san be placed into non-loss area. While opening long positions MACD is to be directed upwards. Take Profits are to be placed a bit lower than target levels.

Apart from the technical picture it is necessary to consider the fundamental data and the time of its release.

Explanations to the picture:
Ichimoku Indicator:
Tenkan-Sen – red line
Kijun-Sen – blue line
Senkou Span A – light brown dotted line
Senkou Span B – light blue dotted line
Chinkou Span – green line
Senkou Span B – violet dotted line
Bollinger Bands:
3 yellow lines
MACD Indicator:
Red line and the histogram with white bars in the indicators window.

If my articles are interesting and useful to you, you can vote for me in Analyst of the Year contest




Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2012


More analysis - at instaforex.com

[insta_poster]

USD/CAD Elliott wave count for April 3, 2012


USD/CAD Elliott Wave Analysis
The USD/CAD pair was trading within the downward move yesterday.With a gap we saw at Monday opening we finish 1 wave (coloured pink). During the Asian session this major started to ascend toward to the 0.9990 level filling the gap. We can consider this weak bullish move as 2 wave (coloured pink), Therefore during the European and New York session we can observe strong bearish mood in the USD/CAD pair and price has reached 0.9887, this was end of 3 wave (coloured pink). At the end of New York session this major pair tried to push the price higher and we saw closing of Monday session at the 0.9904 level. Today during the Asian session we could observe price retest of the yesterday low and within this move we finish B wave (coloured green). Presently we can observe a start of the corrective C wave (coloured green). In accordance with our wave rules and taking into account that the wave C should be equal as wave A, we can define the potential targets with the Fibonacci extensions (0.9840-1.0035-0.9887); the First Take Profit at 0.9983 (50% of wave A) and Second Take Profit at 1.0006 (61.8% of wave A). For Stop Loss we can use the 0.9860 resistance level. Also it is necessary to consider the data concerning the USD Factory Orders m/m, FOMC Meeting Minutes and FOMC Member Williams Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9826 (S2) 0.9865 (S1) 0.9889 (PP) 0.9928 (R1) 0.9967 (R2) 0.9991 (R3) 1.0030

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the Upward movement. That is why Long position at levels 0.9930 with Stop Loss at 0.9860,Take Profit 1 at 0.9983 and Take Profit 2 at 1.0005 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[insta_poster]

GBP/JPY Elliott wave count and Fibonacci levels for April 3, 2012

GBP/JPY is developing corrective wave B of medium term uptrend from 133.42 (royal blue in the chart). Within this wave we have three subwaves (magenta in the chart), A, B, and potential impulse subwave C that is developing from 133.32. Within this wave there are three subwaves (red in the chart), and potential impulse subwave C is developing from 133.19.

Now the targets below are Fibonacci retracements of 126.48-133.42, and expansions off 133.42-129.94-133.32, 133.32-130.08-133.19.

Supports:

- 129.95-84 = confluence area of two objective points (OP) and .50 retracement
- 129.13 = .618 ret
- 127.95 = expanded objective point (XOP)
- 127.69 = XOP

If the price reverses to the upside the immediate resistances will be Fibonacci expansions off 126.48-133.42-129.94, 129.94-133.32-130.08, 130.08-133.19-130.71.

Resistances:

- 132.63 = contracted objective point (COP)
- 133.82 = OP
- 134.23 = COP



Overbought/Oversold

The bigger wave is now moving down, so it's preferable to try short positions when the Detrended Oscillator goes above the zero level (current prices) or into the overbought area (30-50 pips above the current prices). Watch for opportunities to go short at or near the indicated resistances.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[insta_poster]

AUD/USD Elliott wave count and Fibonacci levels for April 3, 2012

AUD/USD is developing potential corrective wave B of medium term uptrend (coral in the chart) from 1.0856. Within this wave there are three subwaves (royal blue in the chart), that may form A-B-C cycle, and corrective wave A (of new cycle) is developing against the downtrend from 1.0304. Within this wave we have subwaves A, B, and C (red in the chart) that is developing from 1.0366. Now the targets of the upmove are Fibonacci retracements of 1.0856-1.0304, 1.0636-1.0304, and expansions off 1.0304-1.0453-1.0366.

Resistances:

- 1.0470 = .50 retracement
- 1.0509-15 = confluence area of .618 ret, .382 ret and objective point (OP)
- 1.0580 = .50 ret
- 1.0607 = expanded objective point (XOP)

If the downtrend resumes the immediate supports will be Fibonacci retracements of 0.9861-1.0856, and expansions off 1.0856-1.0423-1.0636.

Supports:

- 1.0241 = .618 retracement
- 1.0203 = OP



Overbought/Oversold

The larger wave is now moving down, so it's prefereable to go short when the Detrended Oscillator goes above the zero level (25-30 pips above the current prices) or into the overbought area (55-70 pips above the current prices), watch for possibilities to go short at or near the indicated resistances.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[badman]

EUR/USD: Sell Bellow 1.3405 - Fractal Analysis for April 03, 2012 2012-04-03





EUR / USD has entered a zone which seems not to be exceeded - 1.34, but without yielding firm of 1.32, only data for the next few days concerning the ECB's monetary policy and employment in the United States appear to be able to give a faster rate.
From a technical point of view we can notice the formation of a fractal 1.3324, if the sequence continues downward, we recommend buying at 1.3245 level which is the lowest fractal zone, and near 1.3220 – a weekly support, or if the euro increases your quote, then we can sell during the next fractal pullback from 1.3405 with targets at 1.3230.
The range indicator shows that the euro is overbought.




Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

More analysis - at instaforex.com






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AUD/USD Under Pressure - April 03, 2012 (Daily Strategy)








The AUD / USD trend remains bearish if viewed on the monthly charts, which can lead to the BRA cutting the interest rate.
If we consider technical levels, here the Aussie remains above 1.0246, which is difficult to be overcome, a break below this level could widen the fall to 1.00
We therefore recommend selling below the downtrend line to 1.0246 weekly support and ultimate goal to 1.0149 (W_S2)
The MACD is in negative zone, and maintaining a sell signal.




Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012




More analysis - at instaforex.com

[badman]

Fundamental Analysis, for April 05, 2012



The dollar remains in its upward path on all fronts, while European stocks turn down operations in the session Thursday.

The euro broke the 1.31 area, amid a new climate of uncertainty about the debt crisis of Europe, whose main focus to Spain. But the rest of the coins of the old continent operate with short-term downtrends.

The Swiss franc came at this time to its lowest since March 16, at 0.9205, while the British pound falls as softer against the dollar. In the case of GBP / USD is still in effect an uptrend on the daily chart, which would only be impaired by break of 1.5765.

The situation is different from the crossing EUR / USD, in which the price broke a trendline on the weekly chart, which can trigger a downward movement much more pronounced in the near future. The aim of the low maximum is located in the area of �‹�‹1.2580.

In another vein, the Canadian dollar approaching parity again against the dollar, following the footsteps of oil, which fell again on Wednesday, although the weekly crude oil inventories showed less existence thereof in the previous period.

Australian dollar also fell to a low of 10 January, following the sharp downward correction experienced an ounce of gold. This is listed at $ 1622 at the time, bearish in the short term.

Already known monetary policy announcement by the Bank of England, who left unchanged, as expected, the reference interest rate, the agenda of the day report includes a set of data in Canada, within which stand building permits, unemployment rate and job creation in March.



Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012



More analysis - at instaforex.com



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AUD/USD Buy above Fractal 1.0220 for April 05, 2012 (Daily Strategy)





The AUD / USD pair is likely to consolidate above the weekly support 1.0243 and above the fractal 1.0223 in two days. The aussie is still under the negative pressure due to the results of the meeting of the Reserve Bank of Australia, that caused worries of many investors.

On a technical level we noticed a fractal formed in daily charts. This level is very strong because it is the last support of the uptrend. Its breakdown will drastically change the outlook of the pair.

Thus, we recommend Buy-deals at current levels,though it is necessary to operate with low leverage, as the downward pressure is still relevant.

The MACD indicator is in oversold area and it is possible to bounce the upward trend.


Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

More analysis - at instaforex.com






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EUR/USD Buy Above 1.30 - April 05, 2012








The EUR / USD pair has broken througn the 1.3112 weekly support due to uncertainty about the debt crisis of Europe with Spain in focus. As a result, the euro slided towards the level of the third week support 1.3032 (W_S3)

On technical level we can see that the euro is in a very strong support level, the 1.3032 and 1.3000 and as tomorrow is a holiday, we believe that will be consolidated at current levels.

We therefore recommend buying with a possible rebound towards 1.3226.

Else we can say that the formation of a reversal pattern, which has bearish implications with medium-term objective at level 1.2500, is likley to take place.

The range indicator and Momentum are in overbought area and a rebound is imminent.






Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012




More analysis - at instaforex.com





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EUR/USD Wave Analysis for April 5, 2012






Wave marking analysis:
Resulting from yesterday’s trades the EUR/USD pair continued its development of the descending movement that has begun recently. By the end of the American session it has lost more than 120 pips. Proceeding from the inner dimension of the supposed 3rd wave of the current downside movement and elaboration of the target corresponding to the 1.3110 level, we can suggest that the reversal of quotes to upwards confirmed the fact that 3rd wave was completed. If that proves to be so, then, when the uprising correction within the prospect wave 4 is completed, the pair is expected to resume its decline towards the 1.3025 level or March low (1.3005).



Targets for the wave 3 in 1 or A:
1.3094 – 76.4% according to Fibonacci
1.3048 – 88.6% according to Fibonacci

Targets for the wave 4 in 1 or A:
1.3148 – 61.8% according to Fibonacci
1.3192 – 50.0% according to Fibonacci

General conclusions and trading recommendations:
The ascending part of the trend within wave 3 in 1 or A has targets 1.3094 and 1.3048 corresponding to 76.4% and 88.6% of Fibonacci. The breakout of the ascending channel also indicates the formation of the new part of the trend. The inner wave structure of the wave 1 or A implies the further descent, as presently the wave 3 in 1 or A is apparently being formed. Thus, the whole wave may be completed near the point 1.3100. As to the wave 4 in 1 or A, it can raise the pair towards 1.3148 and 1.3192 which is equal to 61.8% and 50.0% of Fibonacci




Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2012


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USD/CHF Technical Analysis and Trading Recommendations for April 5, 2012




General situation:
On April 5 the USD/CHF pair continued its ascending movement. Having reached the resistance level, the pair reversed to the benefit of Swiss currency, so this is the reason why we can see the correction. The current signal for Buy-deals is confirmed and strong, as Chinkou Span is fixed above the price chart and the price has overcome the Ichimoku Cloud. So presently the targets for uprising movement are seen at the resistance level 0.9184 that was previously reached by the price though has not been overcome by the bulls. In case this level has been overcome, the new target for bullish trade – the third resistance level 0.9231 – will be available. The uprising movement remains the same as long as price is higher the Kijun-Sen (0.9090). While bullish trading below this line it is recommended to place Stop Loss. If the price goes lower than this line, the signal for Buy-deals will weaken and the further elaboration of the ascending movement will be questioned. Chinkou Span is located above the price chart confirming the current signal for Buy-deals and indicating the bullish mood on the USD/CHF market.
Bollinger Bands indicates the current uprising movement, lines are expended and directed upwards, that is why it is recommended to consider long positions. MACD has reversed to downside showing the current beginning of the correction that is the reason why this indicator does not allow to open orders for Buy-deals at the moment. But in case the MACD reverses to upwards, long positions will be relevant again.



Trading recommendations:
On USD/CHF market it is recommended to consider long positions with first targets seen at the 0.9184 level. When this level is passed through, the target for Buy-deals will be seen at the 0.9231 level. Stop Loss is to be placed below 0.9090 and if this line goes higher, Stop Loss can be placed after it. New long positions are recommended to be opened only when the MACD reverses to upwards. With 50-60 pips of profit it will be possible to place Stop Loss to the zero area. Take profits are to be placed a bit below the target levels (10-15 pips approximately).

Apart from the technical picture it is necessary to consider the fundamental data and the time of its release.

Explanations to the picture:
Ichimoku Indicator:
Tenkan-Sen – red line
Kijun-Sen – blue line
Senkou Span A – light brown dotted line
Senkou Span B – light blue dotted line
Chinkou Span – green line
Senkou Span B – violet dotted line
Bollinger Bands:
3 yellow lines
MACD Indicator:
Red line and the histogram with white bars in the indicators window.

If my articles are interesting and useful to you, you can vote for me in Analyst of the Year contest





Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2012




More analysis - at instaforex.com

[insta_poster]

USD/CAD Elliott wave count for April 9, 2012


USD/CAD Elliott Wave
The USD/CAD pair was developing the corrective wave C (coloured green) for the last few days. The wave B (coloured blue) was finished on Tuesday at the 0.9886 level. During the Friday's session the pair was trading in a upward movement. Therefore, we can observe the price pushing to the 0.9985 level in early New York session.Today during the Asian session we could observe the strong bullish mood and price reaching above 0.9960 level. Presently we can observe the end of the C wave of the bigger (C) wave. In accordance with our wave rules and taking into account that the wave C is equal to the wave A, we can define the potential targets with Fibonacci extensions (0.9987-0.9998-0.9906); the First Take Profit at 1.0015 (100% of wave A). For Stop Loss we can use the support level 0.9945. Also it is necessary to consider the data concerning the CAD BOC Business Outlook Survey that can affect the rate of the pair

Support and Resistance levels
(S3) 0.9888 (S2) 0.9914 (S1) 0.9930 (PP) 0.9956 (R1) 0.9982 (R2) 0.9998 (R3) 1.0024

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 0.9980 with Stop Loss at 0.945 and Take Profit at 1.0015 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[insta_poster]

GBP/JPY Elliott wave count and Fibonacci levels for April 9, 2012

The GBP/JPY pair is developing an impulse wave C of the medium term downtrend from 133.32 (light green in the chart). Within this wave we have three subwaves (royal blue in the chart), A, B, and an impulse subwave C developing from 133.19 including three subwaves (magenta in the chart) and impulse subwave C developing from 130.81. At smaller level there are A, B, and C waves (orange red in the chart); the subwave C is developing from 129.58.

Now the downside targets are Fibonacci expansions 133.42-129.94-133.32, 133.32-130.08-133.19, 133.19-129.45-130.81, 130.81-129.09-129.58.

Supports:

- 128.52-50 = confluence area of two contracted objective points (COP)
- 127.95-86 = confluence area of expanded objective point (XOP) and objective point (OP)
- 127.69 = XOP
- 127.07 = OP

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 133.19 - this wave is not developed yet, so resistances are not available.



Overbought/Oversold

The bigger wave is now moving downside, so it is recommended to try short positions when the Detrended Oscillator goes above the zero level (current prices) or into the overbought area (35-50 pips above the current prices). Watch for opportunities to go short at or near the indicated resistances.
Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[insta_poster]

AUD/USD Elliott wave count and Fibonacci levels for April 9, 2012

The AUD/USD pair is developing the potential corrective wave B of the medium term uptrend (coral in the chart) from 1.0856. Within this wave there are three subwaves (light green in the chart); the subwave C is developing from 1.0636 comprising A-B-C cycle that is developing at the moment (royal blue in the chart), subwave C started at 1.0465. Within the latter we also have three subwaves (red in the chart), and potential impulse subwave C is developing from 1.0336. It also contains subwaves A-B-C (yellow in the chart, and C is developing from 1.0315.

Now the immediate supports are Fibonacci retracements 0.9861-1.0856 and expansions 1.0856-1.0423-1.0636, 1.0636-1.0304-1.0465, 1.0465-1.0243-1.0336, 1.0336-1.0272-1.0315.

Supports:

- 1.0251 = objective point (OP)
- 1.0241 = .618 retracement
- 1.0211 = expanded objective point (XOP)
- 1.0203-1.0199 = confluence area of OP and contracted objective point (COP)

The upside targets og the current price are Fibonacci retracements 1.0465-1.0243.

Resistances:

- 1.0354 = .50 ret
- 1.0380 = .618 ret



Overbought/Oversold

The larger wave is now moving downside, so it is prefereable to go short when the Detrended Oscillator goes above the zero level (current prices) or into the overbought area (30-45 pips above the current prices), watch for possibilities to go short at or near the indicated resistances.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[badman]

GBP/USD Weekly and Monthly Pivot Points for April 09 - 13, 2012



The pivot points chart for the GBP / USD pair for this week indicates that pivot points are set according to the weekly highs and lows of the pair as well as the close price. This chart will enable you to place Stop Take Profits or Stop Losses. These pivot levels can serve as a trading map allowing you to know beforehand the possible increases and declines of the pair.

Therefore it is recommended to open short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as a target, it can be a good strategy for swing trading. The strategy can be used in other way. Pariculary it is possible to open long positions in S2 positions and short R2 weekly with S1 or R1 seen as weekly targets or to the pivot point.

____WEEKLY_____

Weekly - R3 = 1.6281
Weekly - R2 = 1.6171
Weekly - R1 = 1.6023
Weekly Pivot = 1.5913
Weekly - S1 = 1.5765
Weekly - S2 = 1.5655
Weekly - S3 = 1.5507


_____MONTHLY____
Monthly - R3 = 1.6601
Monthly - R2 = 1.6318
Monthly - R1 = 1.6167
Monthly Pivot = 1.5884
Monthly - S1 = 1.5733
Monthly - S2 = 1.5450
Monthly - S3 = 1.5299


Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012


More analysis - at instaforex.com



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AUD/USD Weekly and Monthly Pivot Points for April 09 - 13, 2012


The pivot points chart for the AUD /USD pair for this week shows that pivot points are placed according to the highs and lows of the pair and the weekly closure rice. This chart will enable you to place Stop Take Profits or Stop Losses. These Pivot Levels are considered as some sort of trading map allowing you to know beforehand the possible increases and declines of the pair.

Therefore it is recommended to open the short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as a target, it may be a reasonable strategy for swing trading. The strategy can be used otherwise by opening long positions in S2 positions, and short R2 weekly with S1 or R1 seen as weekly targets or to the pivot point.

_____WEEKLY_____
Weekly - R3 = 1.0658
Weekly - R2 = 1.0561
Weekly - R1 = 1.0436
Weekly Pivot = 1.0339
Weekly - S1 = 1.0214
Weekly - S2 = 1.0117
Weekly - S3 = 0.9992




_____MONTHLY____
Monthly - R3 = 1.1186
Monthly - R2 = 1.1001
Monthly - R1 = 1.0673
Monthly Pivot = 1.0488
Monthly - S1 = 1.0160
Monthly - S2 = 0.9975
Monthly - S3 = 0.9647


Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

More analysis - at instaforex.com






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USD/JPY Weekly and Monthly Pivot Points for April 09 - 13, 2012



The weekly pivots chart for the USD / JPY indicate that pivot points are placed according to the maximum and minimum quotes and the weekly closure of the pair. This chart will enable to place Stop Take Profits or Stop Losses. These Pivot Levels are some sort of a trading map that will allow you to know beforehand the possible increases and declines of the pair.

Therefore, it is recommended to open the short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as target, it may be a feasible strategy for swing trading. The strategy can be used otherwise: it is possible to open long positions in S2 positions, and short R2 weekly with S1 or R1 as seen weekly targets or to the pivot point.



____WEEKLY_____
Weekly - R3 = 84.83
Weekly - R2 = 84.06
Weekly - R1 = 82.84
Weekly Pivot = 82.07
Weekly - S1 = 80.85
Weekly - S2 = 80.08
Weekly - S3 = 78.86






____MONTHLY______
Monthly - R3 = 88.08
Monthly - R2 = 85.13
Monthly - R1 = 84.49
Monthly Pivot = 82.54
Monthly - S1 = 80.90
Monthly - S2 = 78.95
Monthly - S3 = 77.31


Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012




More analysis - at instaforex.com





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EUR/USD Weekly and Monthly Pivot Points for April 09 - 13, 2012



The pivots points chart for the EUR / USD pair for this week are placed in accordance with highs and lows and the weekly price close of the pair. This chart will enable you to place Take Profits or Stop Losses. These pivot levels can be considered as some sort of trading map allowing you to know beforehand the possible increases and declines of the pair.

Therefore it is recommended to open short positions at the R1 level and long positions at S1 level. If the weekly pivot is considered as a target, it may be a feasible strategy for swing trading. The strategy can be used in other way. In particular, it is possible to open long positions in S2 positions, and short R2 weekly with S1 or R1 as seen weekly targets or to the pivot point.



____WEEKLY_____
Weekly - R3 = 1.3652
Weekly - R2 = 1.3516
Weekly - R1 = 1.3306
Weekly Pivot = 1.3170
Weekly - S1 = 1.2960
Weekly - S2 = 1.2824
Weekly - S3 = 1.2614




____MONTHLY______
Monthly - R3 = 1.3865
Monthly - R2 = 1.3625
Monthly - R1 = 1.3483
Monthly Pivot = 1.3243
Monthly - S1 = 1.3101
Monthly - S2 = 1.2861
Monthly - S3 = 1.2719


Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012


More analysis - at instaforex.com









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USD/CHF Technical Analysis and Trading recommendations for April 9, 2012






General picture:
On April 9 the USD/CHF pair continues the ascending movement due to the prolonged correction. Bollinger Bands are restricting though there is a still possibility of ascending movement. The current signal for Buy-deals is confirmed and strong as Chinkou Span is located above the price chart and the price has overcome the Ichimoku Cloud. Thus, the target for the uprising movement is seen at the first resistance level 0.9260. In case this level has been passed through, the new target for bullish trading – the second resistance level 0.9352. The ascending movement remains relevant as long as the price is located above the Kijun-Sen (0.9110). While bullish trading below this line it is recommended to place Stop Loss. If the price goes below this line, the signal for Buy-deals will weaken and the further elaboration of the ascending movement will be questioned. Chinkou Span is located above the price chart confirming the current signal for Sell-deals and indicating the bullish mood on the USD/CHF market. Bollinger Bands defines the current uprising movement, lines are restricting and directed upwards. That is the reason why it is better to consider long positions. MACD has reversed to downside indicating the current correction. Therefore the indicator prevents from opening new buyers orders. In case MACD reverse to upwards, long positions will be relevant again.

Trading recommendations:
On the USD/CHF market it is recommended to consider long positions with first target seen at the 0.9260 level. If the price passes this level through, the level 0.9352 will be considered as target for Buy-deals. Stop Loss is to be placed below 0.9110 levels; in case this line goes upwards, Stop Loss can be placed after it. New long positions are recommended only after the reversal of the MACD to upwards. With 50-60 pips of profit Stop Loss can be placed into the zero area. Take Profits can be placed a bit lower than target levels (10-15 pips approximately).

Apart from the technical picture it is necessary to consider the fundamental data and the time of its release.



Explanations to the picture:
Ichimoku Indicator:
Tenkan-Sen – red line
Kijun-Sen – blue line
Senkou Span A – light brown dotted line
Senkou Span B – light blue dotted line
Chinkou Span – green line
Senkou Span B – violet dotted line
Bollinger Bands:
3 yellow lines
MACD Indicator:
Red line and the histogram with white bars in the indicators window.


Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2012




More analysis - at instaforex.com

[insta_poster]

USD/CAD Elliott Wave Count for April 11, 2012


USD/CAD Elliott Wave
The USD/CAD pair has finished the developing corrective (C) wave (coloured green) yesterday. During the European session we could observe the strong bullish mood and price testing 1.0000 level. Therefore during the New York session the USD/CAD pair continue pushing in a upward move and price finally reach new daily high at the end of the session at the 1.0043 level. Today on the beginning of the Asian session this major pair pushed to 1.0050 level. We can consider this move as finish of the 5 wave (coloured pink) of the bigger C wave (coloured blue). The USD/CAD did not manage to hold this level and we could observe price at 1.0015 level. Presently we can observe the beginning of the 1 wave (coloured blue). We have two possible scenarios for today. Firstly, if price continues pushing in a bearish mood, we could see next potential target at 0.9960 level. For stop loss we can use 1.0050 invalidation point. Second scenario: wave C is not over yet and if the price returns to 1.0050 level we could expect end of wave C at 1.0100 level, Stop loss for this scenario can be at 1.0020 support level. Also it is necessary to consider the data concerning the CAD Housing Starts and U.S Import Prices m/m, Crude Oil Inventories, Beige Book, Federal Budget Balance, FOMC Member Yellen Speaks that can affect the rate of the pair
Support and Resistance levels
(S3) 0.9918 (S2) 0.9954 (S1) 0.9976 (PP) 1.0012 (R1) 1.0048 (R2) 1.0070 (R3) 1.0106
Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. That is why Short positions at level 1.0010 with Stop Loss at 1.0050 and Take Profit at 0.9960 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com

[insta_poster]

GBP/JPY Elliott wave count and Fibonacci levels for April 11, 2012

The GBP/JPY pair is developing an impulse wave C of medium term downtrend from 133.32 (light green in the chart). Within this wave we have three subwaves (royal blue in the chart), A, B, and impulse subwave C that is developing from 133.19. Within this wave there are three subwaves (magenta in the chart), and impulse subwave C is developing from 130.81. On still smaller level there are A, B and C waves within it (red in the chart), and subwave C is developing from 130.17.
Now the targets below are Fibonacci expansions off 133.42-129.94-133.32, 133.32-130.08-133.19, 133.19-129.45-130.81, 130.81-128.77-130.17.
Supports:
- 127.69 = expanded objective point (XOP)
- 127.07 = objective point (OP)
- 126.87 = XOP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements 130.81-127.82.
Resistances:
- 128.96 = .382 retracement
- 129.32 = .50 ret
- 129.67 = .618 ret


Overbought/Oversold
The bigger wave is now moving downwards, so it is preferable to try short positions when the Detrended Oscillator goes above the zero level (current prices) or into the overbought area (current prices). Consider the opportunities to go short at or near the indicated resistances.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2012
More analysis - at instaforex.com