Fundamental Analisis By InstaForex

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 12, 2010 2010-08-12​

According to wave count on daily timeframes this currency pair is moving within corrective wave 4 (colored light green). Its targets are Fibonacci retracements of 0.8314-0.9221, and expansions off 0.9221-0.9058-0.9162, 0.9162-0.9014-0.9048:
- 0.8900-0.8898 = confluence area of objective point (OP) and expanded objective point (XOP)
- 0.8875 = .382 retracement
- 0.8809 = XOP
In case the price reverses to the upside the nearest Fibonacci targets will be retracements of the latest leg down - 0.9162-0.8918:
- 0.9011 = .382 ret
- 0.9040 = .50 ret
- 0.9069 = .618 ret
Note that these targets are valid on 0.8978 break, since this is the base of subwave 5 (colored yellow).



Overbought/Oversold
The Detrended Oscillator is oscillating around the zero level. Assuming that the major trend is still up and close vicinity of .382 retracement (0.8875), it's good to wait for a reversal to the upside against one of the Fibonacci supports to enter long.

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

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 13, 2010 2010-08-13​

Wave count shows that GBP/JPY is developing a corrective daily wave to 130.80-137.75. The correction might be over since major targets have been reached:

- 133.45 = .618 retracement
- 133.26 = expanded objective point (XOP), which is a Fibonacci expansion off 137.75-135.46-136.97

On smaller timeframes the price is moving up within corrective wave B (colored red) within impulse C (colored magenta). However this B may become a new A within a larger impulse up. The targets above the current level are Fibonacci retracements of 136.97-132.78? 137.75-132.78, and expansions off 132.78-134.67-132.97.

130.80 is broken, this wave will remain corrective. The targets of this wave are Fibonacci retracements of 130.80-137.75, and expansions off 137.75-135.46-136.97, 136.97-135.02-135.72:

- 134.68 = .382 retracement
- 134.86-88 = confluence area of objective point (OP) and .50 ret
- 135.26-37 = confluence area of .50 and .618
- 135.88-136.03 = confluence area of .618 and expanded objective point (XOP)

Still below there's one more target which is valid in case the price turns south:

- 132.44 = .764




Overbought/Oversold

The Detrended Oscillator is slightly above the zero level. The nearest oversold area according to this indicator is 80 pips below. Assuming that the major trend is up and reversal that may be happening now, it's good to look for bottoming signals some 70-80 pips below to enter long.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 13, 2010 2010-08-13​

Wave count on daily chart shows that this currency pair is now moving within corrective wave 4 (colored light green). The targets of this wave are Fibonacci retracements of 0.8314-0.9221, and expansions off 0.9221-0.9058-0.9162:

- 0.8898 = expanded objective point (XOP)
- 0.8875 = .382 retracement

Logically, the midterm trend is down. There's a set of 3 waves (colored red), and wave 4 is now developing. The targets of this wave are Fibonacci retracements of 0.9162-0.8915, 0.9221-0.8915:

- 0.9009 = .382 retracement
- 0.9032-39 = confluence area of .382 and .50
- 0.9068 = confluence area of .50 and .618

If the price breaks 0.9039 (.50 of wave 3), then the wave 0.9221-0.8915 will be over.




Overbought/Oversold

The Detrended Oscillator is clearly overbought. Assuming that the midterm trend is down, one may look for shorts in case of topping signals right now, but this may be dangerous since the major trend is still up. Therfore alternative - wait for a pull-back some 30-50 pips below and then a bottoming signal to enter long.

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

 

[IFX Darika]

Dollar Steady Friday Morning Ahead Of Data Deluge

The dollar was mixed Friday morning in New York ahead of a slew of economic data related to inflation and the mindset of the US consumer.

Risk aversion and slumping stocks have helped the dollar find its footing against most majors this week, but the buck hit a 15-year low against the yen on Wednesday and has failed to improve much since.
The Labor Department will table the consumer price index for July at 8.30 a.m. ET. Economists expect that inflation rose 0.2% for July following the 0.1% decline in the previous month, while core inflation, excluding food and energy, is expected to be 0.1% following a 0.2% rate in June.
At the same time, the Commerce Department will release its report on retail sales for July. Economists expect that retail sales rose 0.5% for the month following 0.5% decline in the previous month.
At 9.55 a.m. ET, the preliminary report of the Reuters/University of Michigan's consumer sentiment survey for August will be released. Economists expect the consumer sentiment index to increase to 70 from July's 67.80.
The buck was steady near 1.2800 versus the euro, having rebounded nicely this week after touching a 3-month low of 1.3333 last Friday.
Eurozone gross domestic product grew at a faster pace of 1% sequentially in the second quarter, following a 0.2% rise in the first quarter, flash estimates published by Eurostat showed Friday.
The dollar also held its ground versus the sterling, staying near 1.5600. A week ago, the buck was at a 6-month low of 1.5998.
The buck remained stuck in the mud versus the yen, as the Japanese currency remains the preferred safe haven option. The pair was at Y85.73, near the dollar's 15-year low of 84.71.

News are provided by InstaForex.

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 16, 2010 2010-08-16​

According to wave count this currency pair is trading in med term downtrend where there's a set of 3 waves - ABC - colored magenta. The targets of this movement are Fibonacci expansions off 137.75-135.46-136.97, 136.97-132.78-134.80 and retracements of 130.80-137.75.

Price targets below the current level:

- 132.44 = .764 retracement
- 132.21 = contracted objective point (COP)

In case the price keeps moving upward the targets will be Fibonacci retracements of 137.75-132.78, 136.97-132.78.

Price targets above the current level:

- 134.88 = .50 retracement
- 135.26-37 = confluence area of .50 and .618 retracement




Overbought/Oversold

The Detrended Oscillator is almost overbought. Assuming that the med term trend is down, now is a good opportunity to seek for opportunities to go short in case of topping singals.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 16, 2010 2010-08-16​

According to wave count this currency pair is moving within med term downtrend, where there's a set of 5 waves (colored red on the chart). The targets of the downside movement are Fibonacci retracements of 0.8314-0.9221 (strategic retracements), and expansions off 0.9221-0.9058-0.9162, 0.9162-0.8915-0.9036.

Price targets below the current level:

- 0.8875 = .38 retracement (!!! strategic)
- 0.8789 = objective poing (OP)
- 0.8768 = .50 retracement

In case the price turns up the resistances will be Fibonacci retracements of the whole downside movement 0.9221-0.8861:

- 0.8999 = .382 ret
- 0.9041 = .50 ret




Overbought/Oversold

The Detrended Oscillator is clearly overbought. Assuming that the midterm trend is down, one may look for shorts in case of topping signals right now.

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

 

[IFX Svetlana]

EU Commission Proposes New Rules For Financial Conglomerates

The European Commission on Monday proposed to amend existing rules on the supervision of financial conglomerates as part of making the financial system resilient against future crisis.

"Drawing lessons from the financial crisis, the Commission proposes to equip national financial supervisors with new powers to better oversee the conglomerates' parent entities, such as holding companies," the Commission said in a statement.

The changed rules will allow supervisors to apply banking supervision, insurance supervision and supplementary supervision at the same time, thereby remedying to unintended loopholes identified in the context of the financial crisis, the Commission said. In this way, supervisors would be getting better information at an earlier stage of a trouble and allows them to be better equipped to intervene.

The proposal will be passed to member states and the European Parliament for consideration. Financial conglomerates are financial groups that are usually active in more than one country and operate in both the insurance and banking businesses.


News are provided by InstaForex.

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 17, 2010 2010-08-17​

Wave count show that this currency pair is developing a med term downtrend (colored magenta on the chart). However we're now standing in corrective wave 4. The targets of the upside movement are Fibonacci retracements of 137.75-132.78, 136.97-132.78 and expansions off 132.78-134.80-133.08:

- 134.33 = contracted objective point (COP)
- 134.88 = .50 retracement
- 135.10 = objective point (OP)
- 135.37 = .618 retracement
- etc, see the image

In case the price resumes its downside movement, the targets will be Fibonacci retracements of 130.80-137.75 and expansions off 137.75-135.46-136.97, 136.97-132.78-134.80:

- 132.44 = .764 retracement
- 132.21 = COP




Overbought/Oversold

The Detrended Oscillator is oscillating around the zero level. The indicator gives the nearest overbought some 60-80 pips above the current level. Assuming that the major trend is still down, it's good to seek topping signals to enter short.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 17, 2010 2010-08-17​

Wave count shows that this currency pair is now developing med term downtrend. The upwave forming now is considered corrective. The targets of the upside movement are Fibonacci retracements of 0.9221-0.8861 and expansions off 0.8861-0.8996-0.8948:

- 0.9031 = contracted objective point (COP)
- 0.9041 = .50 retracement
- 0.9083 = confluence area of .618 ret and objective point (OP)
- 0.9166 = expanded objective point (XOP)

In case the price resumes its downside movement the targets will be Fibonacci retracements of 0.8314-0.9221:

- 0.8875 = .382 ret, reached already (!)
- 0.8768 = .50 ret
- 0.8660 = .618 ret




Overbought/Oversold

The Detrended Oscillator is moving into the overbought. The overbought area, according to the indicator, lies some 20 pips above the current level. Assuming that the major trend is down, it's good to seek for topping signals in this area to enter short. Especially if the price hits a significant Fibonacci target.

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

 

[alisha_nabila]

graf tuk ari nie mcm boleh turun lagi nie...betul x tt?