Fundamental Analisis By InstaForex

[BudakFx]

Wave analysis of the USD/CHF pair for August 20, 2010 2010-08-20​

Yesterday, the USD_CHF pair managed at last managed to break through the low line of the horizontal corridor and fixate below it. In the result of this puncture the whole wave structure formed after August 11 attained vivid features of a five-wave structure. However, the yesterday’s quoting rates falling by two figures is the 5th wave of this structure. It should also be mentioned that if the price does not climb above the level of 76,4% correction, then in correspondence to the inner dimension of the current reduction it will be possible to expect the continuation of the currency pair decrease to the target level around 1.0200, or even to the correctional level of 88,6%.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 23, 2010 2010-08-23​

According to wave count on hourly chart this currency pair is now moving in a clear downtrend, where all the waves and subwaves are impulses - C's. The targets of the donwside movementa are mostly Fibonacci expansions - off 137,75-132,78-134,80, 134,80-132,43-134,03, 134,03.

Price targets below the current level:

- 131,73-66 = confluence area of contracted objective point (COP) and objective point (OP)
- 130,20 = expanded objective point (XOP)
- 129,83 = OP

In case the price continues moving upwards, the nearest resistances will be Fibonacce retracements of 134,80-131,96 and 134,03-131,96:

- 133,24 = .382 retracement
- 133,38 = .50 retracement
- 133,72 = .618 retracement




Overbought/Oversold

The Detrended Oscillator is slightly above the zero. The nearest overbought area is some 35-45 pips above the curren price, oversold - 45-60 pips below. Assuming that the prevailing trend is down, it's good to go short in case of topping signals in the vicinity of the overbought area of Fibonacci resistances listed above.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 23, 2010 2010-08-23​

According to wave count this cuurency pair is moving within med term downtrend, with the last wave being an impulse C wave (colored magenta). The targets of the downside movement are Fibonacci retracements of 0,8314-0,9221 and expansions off 0,9221-0,8861-0,9078, 0,9078-0,8947-0,9019:

- 0,8807 = expanded objective point (XOP)
- 0,8768 = .50 retracement
- 0,8718 = objective point (OP)
- 0,8676 = super expanded objective point (SXOP)
- 0,8660 = .618 retracement

In case the price turns upwards the nearest targets will be Fibonacce retracements of 0,9019-0,8842, 0,9078-0,8842:

- 0,8931-31 = confluence area of .50 and .382 retracements
- 0,8951-60 = confluence area of .618 and .50 retracements
- 0,8988 = .618 retracement




Overbought/Oversold

The Detrended Oscillator is around the zero level. The overbought area is some 20 pips above, oversold - 40 pips below the current price. Assuming that the major trend is down, it's advisable to seek for topping signals in the overbought area or against a Fibonacci resistance, see listed above.

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

 

[BudakFx]

Wave analysis of the USD/CHF pair. A weekly review. 2010-08-23​

Last week the USD_CHF pair price managed to break the level of 1.0325, having formed a five-wave structure of the expected C-wave of the whole downfalling trend. Thus, having fixated under the correctional level of 76.4%, the frank has a good opportunity to lower from the mark of 1.0155 (88,6% of correction), having developed the prolongation in the 5th wave (in C). At the same time it is needed to mention, that the indicators which are placed next to the oversold zone for a long period of time, are signaling about fatigue of a descending trend, in this respect, the rebound in favor of the American currency can occur much earlier.

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 24, 2010 2010-08-24​

Wave count on hourly TF shows that this currency pair is developing a strong med term downtrend. All the waves and subwaves are impulses. The targets of the downside movement are Fibonacci expansions off AB waves of all the degrees: 137.75-132.78-134.80 (dailies - colored royal blue), 134.80-132.43-134.03 (hourly - colored magenta), and smaller degrees 134.03-131.96-133.31, 133.29-132.00-132.56:

- 130.47 = expanded objective point (XOP)
- 130.20 = XOP
- 129.96 = XOP
- 129.83 = objective point (OP)
- 129.18 = super expanded objective point (SXOP)

In case the price reverses and goes up the nearest resistances will be Fibonacci retracements of the wave down starting from 133.31.




Overbought/Oversold

The Detrended Oscillator is in the oversold area. Assuming that the prevailing trend is down, it's better to seek for entries when the price retraces. However the oversold is 70 pips above. That means that for the time being it is recommended to stand aside until the price retraces.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 24, 2010 2010-08-24​

Wave count on hourly timeframe shows that this pair is moving in a strong med term downtrend. The targets of the downside movement are Fibonacci retracements of 0.8314-0.9221 and expansions off 0.9221-0.8842-0.8980.

Price targets below the current level:

- 0.8768 = .50 retracement
- 0.8746 = contracted objective point (COP)
- 0.8660 = .618 retracement

In case the price reverses to the upside the nearest resistances will be Fibonacci retracements of 0.9221-0.8842:

- 0.8987 = .382 retracement
- 0.9032 = .50 ret
- 0.9076 = .618 ret




Overbought/Oversold

The Detrended Oscillator is firmly below the zero level. Assuming that the major trend is down it's recommended to seek for topping signals after retracements to enter short. The nearest overbought area is 30-40 pips above the current price.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010

 

[BudakFx]

Wave Analysis for the EUR/USD pair, August 24,2010 2010-08-24​

Having stayed in the range till the beginning of the US session, EUR_USD declined slightly thereafter, thus denoting the continuation of the 3rd wave structure in the 3rd (or C) formation. Meanwhile, considering the dimension of the 1st wave it is possible to assume that the target level for this 3rd can be the yesterday’s low of 1.2645 or the mark 1,2620, when the price can enter the correctional stage and develop the 4th wave in the 3rd (or C).

Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010

 

[IFX Darika]

Beaten Down Euro Rises After Gory Look At US Housing

The euro was taking yet another beating on Tuesday, but snapped back after the release of data suggesting the US housing market is in even worse shape than the most pessimistic economists have feared.

Before finding its footing, the euro dropped to its lowest since 2001 versus the yen, and extended its steep recent losses versus the dollar.

Stocks continued to sell off, and commodity prices fell further on renewed risk aversion.

A mixed bag of economic data from Europe failed to generate any confidence that the region is on a path toward a sustainable recovery.

Euro zone industrial new orders rose by 2.5% month-on-month in June, slower than the revised 4.1% growth in the prior month, the European Union's statistical agency Eurostat said on Tuesday.

The German economy logged its biggest expansion since its 1991 reunification' in the second quarter. The economy grew by a seasonally adjusted 2.2% sequentially in the second quarter.

The euro dropped to a 7-week low of $1.2586 in early dealing versus the dollar, but stormed back to $1.2715 after industry data showed a record drop in US existing home sales.

The National Association of Realtors said existing home sales fell by 27.2 percent to an annual rate of 3.83 million units in July from a downwardly revised 5.26 million unit rate in June.

The euro fell to a more than 8-year low of Y105.41 versus the yen, then improved to Y106.45. At the same time, the US dollar fell to its lowest since 1995 versus the yen, which has become the preferred safe haven option.

News are provided by InstaForex.

 

[akusebenar]

thanks for the news

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 25, 2010 2010-08-25​

According to wave count on hourly timeframe this currency pair is now moving within a strong med term downtrend. All the major waves are impulsive. The targets of the downside movement are Fibonacci expansions off AB waves of all the degrees: 137.75-132.78-134.80 (dailies - colored royal blue), 134.80-132.43-134.03 (hourly - colored magenta), and smaller degrees 134.03-131.96-133.31:

- 127.89-83 = confluence area of super expanded objective points (SXOP)

In case the price continues the upside movement which is now regarded as corrective the targets will be Fibonacci retracements of 134.03-128.77, 133.31-128.77, 132.56-128.77 and expansions off 128.77-130.53-129.12:

- 130.67 = .50 retracement
- 130.78-88 = confluence area of objective point (OP) and .382 ret
- 131.04-11 = confluence area of .50 and .618
- 131.40 = .50 ret
- 131.58 = .618 ret
- 131.97-132.02 = confluence area of expanded objective point (XOP) and .618 ret




Overbought/Oversold

The Detrended Oscillator is in the overbought area. Assuming that the prevailing trend is down it's better to seek for topping signals to enter short.

Performed by Roman Molodiashin, Analytical expert
InstaForex Companies Group © 2007-2010