Fundamental Analisis By InstaForex

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 25, 2010 2010-08-25​

According to wave count this currency pair is now developing 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 continues the upside corrective wave the nearest resistances will be Fibonacci retracements of 0.8980-0.8798 and expansions off 0.8798-0.8874-0.8811:

- 0.8868 = .382 retracement, reached already
- 0.8887-89 = confluence area of .50 ret and objective point (OP)
- 0.8910 = .618 ret




Overbought/Oversold

The Detrended Oscillator is slightly above the zero moving from the overbought. The nearest overbought area is some 25-35 pips above the current price. Assuming that the major trend is down, it's better to seek for topping signals when the price reaches one of the Fibonacci resistances listed above or the overbought area. And then enter short.

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

 

[BudakFx]

Wave Analysis of EUR/USD for August 25, 2010 2010-08-25​

The EUR_USD pair was behaving very dynamically yesterday. The outlined on the eve continuation of the formation of the 3rd wave structure in the 3rd (or C) was finished near the level of 1.2585, thereafter the price rapidly reaches the high of the 4th wave in the 3rd. Thus, considering the 1st wave dimension, it is possible to wait for the rates decline to 1.2470 or to 1.2445, where the correctional level of 76,4% is found. Moreover, it should be mentioned that taking into account the current demand in the US dollar, one should not exclude the lowering of the quotes to the level of the 23rd figure (88,6% of correction and equality of the waves 1 or A and 3 or C).

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

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 26, 2010 2010-08-26​

According to wave count on hourly timeframe this currency pair is now moving within corrective wave 4 (colored royal blue) to med term downtrend. The targets of the upside movement are Fibonacci retracement points of 134.80-128.77, 134.03-128.77, 133.31-128.77, and expansions off 128.77-130.71-129.74, 129.74-131.02-130.60.

Price targets above the current level:

- 131.58 = .618 retracement
- 131.68 = objective point (OP)
- 131.79 = .50 ret
- 131.88 = OP
- 132.02 = .618 ret
- 132.50 = .618 ret
- and so on, see the image

In case the price continues the downside movement the nearest supports will be Fibonacci retracements of the upwave starting from 128.77.




Overbought/Oversold

The Detrended Oscillator is in the overbought area. Assuming that the prevailing trend is still down, a reversal can not be ruled out. So in case of a topping signal it's good to enter short.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 26, 2010 2010-08-26​

According to wave count this currency pair is now developing a strong med term downtrend. However now there's a corrective wave developing. Its targets are Fibonacci retracements of 0.8980-0.8772:

- 0.8876 = .50 retracement, reached already
- 0.8901 = .618 retracement

In case the price continues moving down its targets below the current level will be Fibonacci expansions off 0.9221-0.8842-0.8980, and retracements of 0.8314-0.9221:

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




Overbought/Oversold

The Detrended Oscillator is moving into the overbought area. Assuming that the major trend is down and the wave up is still corrective, it's advisable to seek for topping signals to enter short against one of the Fibonacci resistances listed above.

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

 

[BudakFx]

Wave Analysis of EUR/USD for August 26, 2010 2010-08-26​

Recently, EUR_USD has almost recovered after the losses taken during the sessions on Monday and Tuesday. The upward reversal occurred within the limits of the expected 4th wave in the 3rd (or C), which attained a more complex shape than we foreseen yesterday. At the same time it should be mentioned that as the wave structure of the 3rd wave (or C) currently seems unfinished, the earlier predicted targets around 1.2445 and 1.2300 are still unchanged. Assuming a possible equality of the correctional waves A and C, the correctional level of 88,6% (1.2300) looks more preferable.

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

 

[BudakFx]

Wave Analysis of USD/CHF for August 26, 2010 2010-08-26​

USD_CHF was not able to form a reversal structure in favor of the American currency. Meanwhile, the price reduced to the low since August 19 (1.0260), thus significantly complicating the already developed wave structure, which can be regarded as a shift to making a complex correctional form shaped as a horizontal wedge, and as a beginning of the formation of a longer 5th wave in B.

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

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 27, 2010 2010-08-27​

Wave count on hourly timeframes shows that this currency pair is now formally developing a corrective wave of a daily degree - wave B - colored light green on the chart. The targets of this movement up are Fibonacci retracements of 137.75-128.77, 134.80-128.77, 134.03-128.77:

Price targets above the current level:

- 132.02 = .618 retracement, the price reversed down within just 1 pip
- 132.20 = .382 ret
- 132.50 = .618 ret
- 133.26 = .50 ret
- 134.32 = .618 ret

In case the price keeps declining the nearest supports will be Fibonacci retracements of 129.74-132.01 and 128.77-132.01:

- 130.88-77 = confluence area of .50 ret and .382 ret, reached already
- 130.61 = .618 ret
- 130.39 = .50 ret
- 130.01 = .618 ret




Overbought/Oversold

The Detrended Oscillator is moving into the overbought area. The overbought is still some 30 pips above, oversold - about 80 pips below. Assuming that the major trend may be reversing to the upside and the current wave (colored red) being corrective (B) it's advisable to wait until the price reaches one of the Fibonacci supports and then look for reversal signals to enter long.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 27, 2010 2010-08-27​

Wave count on hourly timeframe shows that this currency pair is now moving within daily wave C (colored royal blue on the chart). However there's corrective subwave B (colored red) developing. The targets of the movement up are Fibonacci retracements of 0.9221-0.8772:

- 0.8944 = .382 retracement
- 0.8997 = .50 ret
- 0.9049 = .618 ret

In case the price resumes the downtrend, the targets will be Fibonacci retracements of 0.8772-0.8919, 0.8314-0,9221 and expansions off 0.9221-0.8842-0.8980, 0.8980-0.8772-0.8919:

- 0.8828 = .618 retracement
- 0.8790 = contracted objective point (COP)
- 0.8768 = .50 retracement
- 0.8746 = COP
- 0.8711 = objective point (OP)
- 0.8660 = .618 retracement




Overbought/Oversold

The Detrended Oscillator is moving into the overbought area. Assuming that the major trend is down and the wave up is still corrective, it's advisable to seek for topping signals to enter short against one of the Fibonacci resistances listed above.

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

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, August 30, 2010 2010-08-30​

According to wave count this currency pair is now developing impulse wave C of the med term uptrend - colored red on the chart. The targets of the upside movement are Fibonacci retracements of 137.75-128.77 and expansions off 128.77-132.01-130.43:

- 133.67 = objective point (OP)
- 134.32 = .618 retracement
- 135.67 = expanded objective point (XOP)

In case the price resumes its downside movement the nearest supports will be Fibonacci retracements of 130.43-133.59 and 128.77-133.59:

- 132.01 = .50 ret, reached already
- 131.75-64 = confluence area of .382 and .618 retracements
- 131.18 = .50 ret
- 130.61 = .618 ret




Overbought/Oversold

The Detrended Oscillator is in the oversold area. Assuming that the prevailing trend is still up, it's advisable to seek for bottoming signals to enter long against one of the Fibonacci supports listed above.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, August 30, 2010 2010-08-30​

According to wave count this currency pair is now developing med term uptrend - impulse wave C - colored orange red on the chart. The targets of the upside movement are Fibonacci retracements of 0.9221-0.8772 and expansions off 0.8772-0.8919-0.8846:

- 0.9049 = .618 retracement
- 0.9084 = expanded objective point (XOP)

In case the price resumes its downside movement the nearest supports will be Fibonacci retracements of 0.8846-0.9030 and 0.8772-0.9030:

- 0.8960 = .382 ret
- 0.8938-31 = confluence area of .50 and .382 retracements
- 0.8916 = .618 ret
- 0.8910 = .50 ret
- 0.8871 = .618 ret




Overbought/Oversold

The Detrended Oscillator is in the oversold area. Assuming that the major trend is up, it's advisable to look for bottoming signals to enter long against one of the Fibonacci supports listed above.

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