Fundamental Analisis By InstaForex

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 2, 2010 2010-08-02​

According to wave count this currency pair has ended potential corrective wave B (colored magenta on the chart). The longterm trend is still up - weekly wave C is developing (colored silver). The strategic targets of the weekly wave are Fibonacci expansions off 130.40-136.00-130.80. More specific targets are Fibonacci expansion points off waves of smaller degree - 130.80-137.53-134.18:
- 136.40 = objective point (OP), reached already, may be a minor indication of reversal
- 138.34 = contracted objective point (COP)
- 139.86 = expanded objective point (XOP)
- 140.91 = OP
The targets of the corrective intermediate wave are Fibonacci retracement points of 130.80-137.53.
Here are the nearest supports:
- 134.17-133.92 = confluence area of .50 retracement, XOP, and OP - the price reverced within 1 pip
- 133.37 = .618 retracement
- and so on, see the image



Overbought/Oversold
The Detrended Oscillator is moving into the overbought area. However, assuming that the major trend is up it is better to wait for a tradable retracement some 50-60 pips below - according to the oscillator.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 2, 2010 2010-08-02​

According to wave count this currency pair is now developing wave C of weekly degree. The strategic targets of this movement are Fibonacci expansions off 0.8066-0.8861-0.8314. On smaller timeframes we have wave 5 developing at the moment (colored magenta). This set of waves also provides us with some new targets - Fibonacci expansions off 0.8633-0.8858-0.8737 (waves 1-2) and 0.8737-0.9068-0.8905 (waves 3-4). Wave 5 also has its own subwaves and targets - expansions off 0.8905-0.9042-0.8965 and 0.8965-0.9065-0.9021.
Here are all the resistances based on Fibonacci studies:
- 0.9101-02-09-10 = confluence area of expanded objective point (XOP), contracted objective point (COP), and 2 objective points (OP)
- 0.9121 = OP
- 0.9183-87-89 = confluence area of XOP's and OP
- 0.9236 = OP
- and so on, see the image
In case the price reverses to the downside the nearest supports will be Fibonacci retracement points of the wave up from 0.8965.



Overbought/Oversold
The Detrended Oscillator is now at the zero level. The nearest oversold level is 40-50 pips below (see corresponding Fibonacci supports there, of wave up from 0.8965). Assuming that the major trend is still up it's good to look for a reversal signal against one of the listed Fibonacci supports for a buy.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010

 

[IFX Darika]

Japanese Auto Sales Growth Eases In July

Japan automobile sales grew at a pace of 15% year-on-year in July to 333,403 units, the Japan Automobile Dealers Association said Monday. In June, sales showed an annual growth of 20.6%. Sale of cars, trucks and buses excluding minicars in July totaled 333,403 units.

Toyota sold 161,444 units, up 19.1% from the prior year. Sales of Honda Motor increased 14.5% to 50,448 units. Nissan recorded only 2.3% increase in sales, now at 50,719. However, overall auto sales are expected ease in the months ahead as the government incentives to boost sales expire at the end of September.
Japan Automobile Manufacturers Association on July 30 said auto production increased 25.9% in June. Domestic sales climbed 17.4% to 448,831 vehicles. Overall auto production in the first half of 2010 surged 45.8%.

News are provided by InstaForex.

 

[IFX Svetlana]

ISM Manufacturing Index Indicates Continued Growth In July

Manufacturing activity in the month of July expanded at a slower pace than in the previous month, the Institute for Supply Management revealed in a report on Monday, although the index of activity in the sector fell by less than economists had expected.

The ISM said its manufacturing index fell to a reading of 55.5 in July from 56.2 in June, with a reading above 50 indicating continued growth in the sector. Economists had expected the index to show a more notable decrease to a reading of 54.2.

Norbert J. Ore, chair of the ISM Manufacturing Business Survey Committee, said, "July marks 12 consecutive months of growth in manufacturing, and indications are that demand is still quite strong in 10 of 18 industries."

The slowdown in the pace of growth in the manufacturing sector reflected a deceleration in new orders and production, with the new orders index slipping to 53.5 in July from 58.5 in June and the production index falling to 57.0 from 61.4.

On the other hand, the employment index edged up to 58.6 in July from 57.8 in June, indicating a modest acceleration in the pace of employment growth in the sector. The index indicated the eighth consecutive month of growth in manufacturing employment.

The report also showed a turnaround for inventories, with the inventories index jumping to 50.2 in July from 45.8 in June. With the increase, the index rose above 50 for the first time since March.

With regard to inflation, the ISM said that the prices index edged up to 57.5 in July from 57.0 in June, pointing to the thirteenth consecutive month of price growth.

Paul Dales, U.S. economist at Capital Economics, said that the smaller than expected decrease by the headline manufacturing index is "consistent with a further modest easing in economic activity rather than newfound economic malaise."

"Admittedly, in just three months the index has dropped by 5 points, signaling a sharp slowdown in growth," Dales added. "But the key point is that it is falling from a very high level. Even after July's dip, it is still consistent with annualized GDP growth of around 4%."

On Wednesday, the ISM is scheduled to release a separate report on activity in the service sector, with the index of activity in the sector expected to edge down to 53.0 in July from 53.8 in June.


News are provided by InstaForex.

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 2, 2010 2010-08-02​

According to wave count this currency pair is now developing wave C of weekly degree. The strategic targets of this movement are Fibonacci expansions off 0.8066-0.8861-0.8314. On smaller timeframes we have wave 5 developing at the moment (colored magenta). This set of waves also provides us with some new targets - Fibonacci expansions off 0.8633-0.8858-0.8737 (waves 1-2) and 0.8737-0.9068-0.8905 (waves 3-4). Wave 5 also has its own subwaves and targets - expansions off 0.8905-0.9042-0.8965 and 0.8965-0.9065-0.9021.
Here are all the resistances based on Fibonacci studies:
- 0.9101-02-09-10 = confluence area of expanded objective point (XOP), contracted objective point (COP), and 2 objective points (OP)
- 0.9121 = OP
- 0.9183-87-89 = confluence area of XOP's and OP
- 0.9236 = OP
- and so on, see the image
In case the price reverses to the downside the nearest supports will be Fibonacci retracement points of the wave up from 0.8965.



Overbought/Oversold
The Detrended Oscillator is now at the zero level. The nearest oversold level is 40-50 pips below (see corresponding Fibonacci supports there, of wave up from 0.8965). Assuming that the major trend is still up it's good to look for a reversal signal against one of the listed Fibonacci supports for a buy.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010

AUD/USD Elliott wave count and Fibonacci levels, August 3, 2010 2010-08-03




Wave count on larger timeframes shows that this currency pair is now standing in impulse wave C of daily degree (colored light green) and subwave C of a minor degree (colored royal blue on the chart). The strategic targets of the upside movement are Fibonacci expansions off these waves: 0.8066-0.8861-0.8314 and 0.8314-0.8870-0.8633:
- 0.9109 = objective point (OP), reached already
- 0.9189 = OP
On smaller timeframes the situation is as follows: we have a set of 5 waves (colored magenta) that give more specific targets above - Fib expansions off 0.8633-0.8858-0.8737 (waves 1-2) and 0.8737-0.9068-0.8905 (waves 3-4). Wave 5 also has its own subwaves and targets - expansions off 0.8905-0.9042-0.8965:
- 0.9187 = expanded objective point (XOP)
- 0.9236 = OP
In case the price reverses to the downside the nearest supports will be Fibonacci retracement points of 0.8965-0.9145 and 0.8905-0.9145:
- 0.9076 = .382 retracement
- 0.9055-53 = .50, .382 ret
- 0.9034-25 = .618, .50 ret
- etc.



Overbought/Oversold
The Detrended Oscillator is clearly oversold, however, considering the corresponding price movement we may conclude that this is only a corrective wave, not a reversal, so far. Long positions are favored against one of the Fibonacci supports listed above - only in case a reversal signal comes.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 2, 2010 2010-08-02​

According to wave count this currency pair has ended potential corrective wave B (colored magenta on the chart). The longterm trend is still up - weekly wave C is developing (colored silver). The strategic targets of the weekly wave are Fibonacci expansions off 130.40-136.00-130.80. More specific targets are Fibonacci expansion points off waves of smaller degree - 130.80-137.53-134.18:
- 136.40 = objective point (OP), reached already, may be a minor indication of reversal
- 138.34 = contracted objective point (COP)
- 139.86 = expanded objective point (XOP)
- 140.91 = OP
The targets of the corrective intermediate wave are Fibonacci retracement points of 130.80-137.53.
Here are the nearest supports:
- 134.17-133.92 = confluence area of .50 retracement, XOP, and OP - the price reverced within 1 pip
- 133.37 = .618 retracement
- and so on, see the image



Overbought/Oversold
The Detrended Oscillator is moving into the overbought area. However, assuming that the major trend is up it is better to wait for a tradable retracement some 50-60 pips below - according to the oscillator.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010

GBP/JPY Elliott wave count and Fibonacci levels, August 3, 2010 2010-08-03​

Wave count on the bigger timeframes shows that this currency pair is now developing impulse wave C of weekly degree (colored silver). Its strategic targets are Fibonacci expansions off 130.40-136.00-130.80:
- 136.40 = objective point (OP), reached already
- 139.86 = expanded objective point (XOP)
On smaller timeframes - hourly - we also have a set of three waves and wave C still developing (colored magenta). Its targets are Fibonacci expansion points off 130.80-137.53-134.18 and 134.18-136.33-135.80:
- 137.13 = contracted objective point (COP), reached already
- 137.95 = OP
- 138.34 = COP
- 139.28 = XOP
At the moment a corrective wave against the intermediate uptrend is developing. Its targets are Fibonacci retracements of 135.80-137.65 and 134.18-137.65:
- 136.73 = .50 retracement
- 136.51 = .618 ret
- 136.32 = .382 ret
- 135.92 = .50 ret
- and so on, see the image



Overbought/Oversold
The Detrended Oscillator is now in the oversold area, the latest peak has violently exceeded the previous ones, however, considering the corresponding price movement we may conclude that this is only a corrective wave, not a reversal, so far. Long positions are favored against one of the Fibonacci supports listed above - only in case a bottoming signal comes.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010

 

[anoone]

ngan insta analisis wave pn ada...sila pilih pair mana yg bekenan...

 

[BudakFx]

ngan insta analisis wave pn ada...sila pilih pair mana yg bekenan...

yup..pilih saja mana suka..huhu

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 4, 2010 2010-08-04​

According to wave count on larger timeframes this currency pair is developing wave C ov weekly degree (colored silver). Therefore the strategic targets of the upside movement are Fibonacci expansions off 130.40-136.00-130.80:
- 136.40 = objective point (OP), reached already
- 139.86 = expanded objective point (XOP)
On hourly charts we also have a set of three waves and wave C developing. Its targets are Fibonacci expansions points off 130.80-137.53-134.18:
- 138.34 = contracted objective point (COP)
- 140.91 = OP
At the current moment the intermediate trend is turning to a corrective wave. Its targets are Fibonacci retracement points of 134.18-137.75 and 130.80-137.75, and expansions off 137.75-136.30-137.08:
- 135.97 = .50 retracement, reached already
- 135.63 = OP
- 135.54 = .618 ret
- 135.10 = .382 ret
- 134.73 = XOP



Overbought/Oversold
The Detrended Oscillator is clearly in the oversold area and has exceeded the previous peak, which indicates a downside wave of a smaller degree. Assuming that the major trend is up, its better to wait for indications of a wave up to resume riding the prevailing uptrend. However very short-term "sells" are also possible.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 4, 2010 2010-08-04​

According to wave count on larger timeframes this currency pair is now developing impulse wave C of daily degree (colored light green) and subwave C of a minor degree (colored royal blue on the chart). Therefore the strategic targets of the movement up are Fib expansion points off 0.8066-0.8861-0.8314 and 0.8314-0.8870-0.8633:
- 0.9109 = objective point (OP), reached already
- 0.9189 = OP
On hourly timeframes there is also a set of subwaves - wave 5 is still developing (colored magenta). This set of waves gives its targets: Fib expansions off 0.8633-0.8858-0.8737 (waves 1-2) and 0.8737-0.9068-0.8905 (waves 3-4).
There is also a set of 5 minor waves within wave 5 (colored red). They give their own Fib expansions: 0.8905-0.9042-0.8965 and 0.8965-0.9145-0.9107:
- 0.9181-87 = confluence area of contracted objective point (COP) and expanded objective point (XOP)
- 0.9236 = OP
- 0.9250 = OP
In case the price reverses for a correction the nearest supports are Fibonacci retracement points of 0.8905-0.9148:
- 0.9055 = .382 retracement
- 0.9026 = .50 ret
- 0.8998 = .618 ret



Overbought/Oversold
The Detrended Oscillator is clearly in the oversold area. Assuming that the major trend is up it's better to wait for a reversal signal to enter long.

Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010