Fundamental Analisis By InstaForex

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, July 5, 2010 2010-07-05







This currency pair is now moving within corrective wave 4 of the intermediate downtrend. The longterm trend is also down. The targets of the corrective wave 4 are Fibonacci retracement points of waves 0.8568-0.8319, 0.8778-0.8319 and expansions off 0.8319-0.8512-0.8376.
Price targets above the current level:
- 0.8495 = contracted objective point (COP)
- 0.8509 = .764 retracement
- 0.8549 = .50 retracement
In case the price keeps declining, the targets will be Fibonacci retracement points of 0.8066-0.8861, 0.8319-0.8512, and expansions off 0.8778-0.8319-0.8512.
Price targets below the current level:
- 0.8393 = .618 retracement, reached already
- 0.8366 = .764 retracement
- 0.8254 = .764 retracement
- 0.8228 = contracted objective point (COP)



Overbought/Oversold
The Detrended Oscillator is now under the zero level. Considering the prevailing downtrend, short positions are favored if topping signals occur against the nearest Fibonacci resistance 0.8495, when the market is overbought.

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

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, July 6, 2010 2010-07-06







According to wave count GBP/JPY is still developing wave C of the intermediate downtrend (colored royal blue on the chart). The targets of this downside movement are Fibonacci expansions off 136.00-133.01-135.23, 135.23-131.23-133.84, 133.84-132.72-133.59 and retracement points of 131.23-133.84.
Price targets below the current level:
- 131.78 = expanded objective point (XOP), reversed within 1 pip
- 131.55 = .764 retracement
- 131.37 = contracted objective point (COP)
- 130.66 = super expanded objective point (SXOP)
In case the price keeps advancing the nearest targets will be Fibonacci retracement points of 133.59-131.79, 135.23-131.23, and expansions off 131.23-133.84-131.79.
Price targets above the current level:
- 133.40 = COP
- 134.29 = .764 retracement
- 134.40 = objective point (OP)



Overbought/Oversold
The Detrended Oscillator is extremely overbought, which means that in case of topping signals it is possible the price will keep trending to the downside. 133.17 (.764 retracement) is the level to watch for.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, July 6, 2010 2010-07-06





According to wave count this currency pair is now developing wave 5 of the intermediate downtrend (colored magenta on the chart). Wave 5 and the whole downtrend from 0.8861 will end in case 0.8512 is exceeded, since this level is the base of wave 5.
The nearest resistances are Fibonacci retracement points of 0.8512-0.8314 and 0.8861-0.8314:
- 0.8465 = .764 retracement
- 0.8523 = .382 retracement
- 0.8588 = .50 retracement
In case the price keeps declining the targets remain the same:
- 0.8254 = .764 ret
- 0.8228 = contracted objective point (COP)


Overbought/Oversold
The Detrended Oscillator is highly overbought. This either means a good opportunity to short the market against the nearest Fibonacci level, or this strong wave is a sign of reversal. To initiate a short position it's better to wait for a topping signal.

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

 

[BudakFx]

Wave analysis of USD/JPY for July 6, 2010 2010-07-06





Yesterday’s slow deals on currency markets did not allow the USD/JPY price neither develop correctional rollback upwards nor continue the decline in the direction of earlier reached lows around the mark of 87.00. Thus, the existing situation allows any prospect of the price movement from current levels. At the same time, the wave 5 in 3 still looks uncompleted and the indicators pass into zero position.


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

 

[BudakFx]

Wave analysis of GBP/USD for July 6, 2010 2010-07-06






The breach of significant level around the 52nd figure allowed the GBP/USD price even during slow trading decline by one figure. So now, the pound demonstrates the accumulated potential for the beginning of a deep pullback in favor of the US dollar. Will such rollback transform into falling trend against the British currency again? It is hard to say now. At the same time, the dynamic formation of the wave 5 in 5 (in C) can let the price make the more complicated wave 5.


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

 

[iqbalrafei]

cikgu...ni teknik ape lak cikgu?

 

[BudakFx]

cikgu...ni teknik ape lak cikgu?

ni analisa dari instafx bro..
mane ade teknik da..

 

[iqbalrafei]

ni analisa dari instafx bro..
mane ade teknik da..

OO..patut la ade chop insta..maaf newbie bertnye tau cikgu..paid

 

[IFX Svetlana]

Canadian Dollar Weakens Against Greenback And Yen

During early European deals on Wednesday, the Canadian dollar edged down against its US and Japanese counterparts despite a rise in oil price.

Meanwhile, the loonie pared some of its Asian session gains against the euro and the aussie.

Oil prices climbed today as traders look to weekly crude supply data for signs of recovering U.S. demand.

U.S. crude for August advanced as much as 40 cents to $72.38 a barrel on Wednesday and was up 15 cents at $72.13 at 1:38 am ET, after touching $71.09 on Tuesday, its lowest intra-day price since June 8, and peaking at $73.86. ICE Brent for August rose 16 cents to $71.61.

The American Petroleum Institute will publish weekly inventory data at 4:30 pm ET today, followed by government statistics from the Energy Information Administration (EIA) on Thursday at 11 am ET. Both reports come a day later than usual because of the independence day holiday on July 5.

Most Asian and European stocks plunged today as weak U.S. data renewed concerns about the strength of the global economic recovery

Activity in the U.S. service sector expanded for the sixth consecutive month in June, according to a report released yesterday by the Institute for Supply Management, although the pace of growth in the sector slowed by much more than economists had anticipated.

The ISM said its index of activity in the service sector fell to 53.8 in June from 55.4 in May, but a reading above 50 indicates continued growth in the sector. Economists had expected the index to show a much more modest decrease to a reading of 55.0.

In Asia, Japan's Nikkei 225 index fell 0.6%, Hong Kong's Hang Seng slipped 1.2%, South Korea's Kospi declined 0.55%, Taiwan's main index plunged 0.2%.

Australia's S&P 200 index and the All Ordinaries index slipped 0.5% each.

In Europe, Germany's DAX fell 0.6% in early deals, France's CAC 40 index plunged 1.2% and U.K.'s FTSE 10 index lost 0.9%.

The Canadian dollar slipped against the US currency in early European deals on Wednesday. At present, the loonie is worth 1.0580 against the greenback, compared to yesterday's close of 1.0544. The near term support for the Canadian dollar is seen around the 1.068 level.

During early European deals on Wednesday, the Canadian dollar declined against the Japanese yen. The loonie-yen pair is currently worth 82.43, down from yesterday's closing value of 83.02. If the loonie weakens further, it may likely target the 82.0 level.

During early European deals on Wednesday, the Canadian dollar pared the gains it made in Asian deals against the currencies of Europe and Australia. As of now, the loonie is worth 1.3304 per euro and 0.8962 against the aussie, compared to early highs of 1.3279 and 0.8942, respectively. The next downside target level for the loonie is seen at 0.901 against the aussie and 1.337 against the euro. The euro-loonie pair closed trading at 1.3310 and the aussie-loonie pair at 0.9006 on Tuesday.

Looking ahead, the Euro-zone final first quarter GDP and the German factory orders for May are expected in the upcoming hours.

Canada's Ivey PMI for June is slated for release at 10:00 am ET.

There are no significant economic reports scheduled for release from the U.S. today.


News are provided by InstaForex.

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, July 8, 2010 2010-07-08




According to wave count this currency pair is now standing in the beginning of weekly wave C. However it will only be confirmed in case 136.00 is broken, since this level is the peak of weekly wave A. The price targets of the uptrend are Fibonacci retracements of 136.00-131.17, expansion points off 130.40-136.00-131.17, and Fib expansion points off waves of smaller degree: 131.17-132.78-132.11, 132.11-133.77-132.94.
Price targets above the current level:
- 134.10-15 = confluence area of objective point (OP) and .618 ret., reached already
- 134.63-86 = confluence area of contracted objective point (COP), two expanded objective points (XOP), and .764 ret.
- 135.98 = super expanded objective point (SXOP)
- 136.32 = SXOP
In case the price declines the nearest supports are Fib ret points of 131.17-134.38:
- 133.15 = .382 ret
- 132.77 = .50 ret
- 132.40 = .618 ret



Overbought/Oversold
The Detrended Oscillator is now moving to the zero level. However oversold level, which is 50 pips away, does not provide a reasonable entry level, therefore the nearest Fibonacci support (133.15) is the only level worth considering for a long entry, otherwise a deep retracement may wipe your stops.

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