Fundamental Analisis By InstaForex

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, October 8, 2010 2010-10-08​

As wave count show this currency pair is developing daily impulse downwave C - colored royal blue in the chart. Within this wave there's also a set of A-B-C waves colored magenta with wave C developing. Within the latter C there's a set of A-B-C subwaves as well - colored red.

All in all the targets below the current price level are Fibonacci expansions off the daily waves A-B 135.03-130.78-132.93, A-B subwaves 132.93-131.36-131.89, still smaller waves 131.89-130.77-131.87, 131.87-130.38-130.86.

Supports:

- 130.32 = objective point (OP)
- 130.06 = expanded objective point (XOP)
- 129.94 = contracted objective point (COP)
- 129.37-35 = confluence area of OP and XOP

In case the price reverses up for a corrective wave the nearest resistances will be Fibonacci retracements of 131.87-130.38.

Resistances:

- 130.95 = .382 retracement
- 131.13 = .50 ret
- 131.30 = .618 ret




Overbought/Oversold

The Detrended Oscillator is moving south after a short break above the zero line. This just confirms the med term downtrend. In view of this it's preferable to seek for topping signals when the price hits a Fibonacci resistance or gets into the overbought (30-40 pips to go) to enter short.

Read more on how to apply Fibonacci studies to calculate price targets.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, October 8, 2010 2010-10-08​

Australlian dollar has retreated from the all-time high of 0.9916 and is now developing a corrective subwave B (colored red) within impulse wave C (colored royal blue in the chart). The targets of the corrective downmove are Fibonacci retracements of 0.9541-0.9916 and expansions off 0.9916-0.9782-0.9846.

Supports:

- 0.9773-63 = confluence area of .382 retracement and contracted objective point (COP)
- 0.9728 = .50 ret
- 0.9712 = objective point (OP)
- 0.9684 = .618 ret
- 0.9629 = expanded objective point (XOP)

In case the price reverses up to continue the uptrend the nearest resistances will be Fibonacci expansions of the daily waves and subwaves 0.8772-0.9599-0.9462, 0.9462-0.9749-0.9541.

Resistances:

- 0.9973 = COP
- 1.0005 = expanded objective point (XOP)




Overbought/Oversold

The Detrended Oscillator is in the oversold area presenting a good opportunity to enter a new long in case the price starts reversing. Better yet would be an entry on Fib support listed above.

Read more on how to apply Fibonacci studies to calculate price targets.

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

 

[IFX Darika]

2 Americans, British-Cypriot Share Nobel Prize For Economics

U.S. researchers Peter Diamond and Dale Mortensen, and British-Cypriot Christopher Pissarides have won this year's Nobel Prize for Economic Sciences for their work on how unemployment, job vacancies and wages are affected by government rules and policies.

Announcing the Award in Stockholm on Monday, the Royal Swedish Academy of Sciences said the trio developed a theory that answer the questions why are so many people unemployed at the same time that there are a large number of job openings, and how can economic policy affect unemployment.

On many markets, buyers and sellers do not always make contact with one another immediately. This concerns employers who are looking for employees and workers who are trying to find jobs. Since the search process requires time and resources, it creates frictions in the market. On such search markets, the demands of some buyers will not be met, while some sellers cannot sell as much as they would wish. Simultaneously, there are both job vacancies and unemployment on the labor market.

Diamond analyzed the foundations of search markets, while Mortensen and Pissarides expanded the theory and applied it to the labor market.

"Their models help us understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy," the Committee added.

The laureates' study concludes that more generous unemployment benefits give rise to higher unemployment and longer search times.

Search theory has been applied to many other areas in addition to the labor market. This includes, in particular, the housing market. The number of homes for sale varies over time, as does the time it takes for a house to find a buyer and the parties to agree on the price. Search theory has also been used to study questions related to monetary theory, public economics, financial economics, regional economics, and family economics.

President Barack Obama nominated him as a member of the U.S. Federal Reserve, but Senate rejected it. The White House re-nominated Diamond, but his nomination is pending clearance by the Senate Banking Committee.

The prize-money, worth 10 million Swedish kronor ($1.5 million), will be equally shared by the laureates. The Award also carries a gold medal and citation.

News are provided by InstaForex.

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, October 15, 2010 2010-10-15​

This currency pair is moving within corrective wave 4 - colored red in the chart - to the med term uptrend. The targets of the corrective movement are only Fibonacci retracements of 0.9769-0.9996 and 0.9708-0.9996.

Supports:

- 0.9909 = .382 retracement, reached already
- 0.9886-83 = confluence area of .382 and .50 retracements
- 0.9856-52 = confluence area of .618 and .50 rets
- 0.9818 = .618 ret

The targets of the upmove are Fibonacci expansions off 0.8772-0.9599-0.9462 (daily waves), 0.9462-0.9749-0.9541 (subwaves - royal blue), 0.9541-0.9916-0.9708.

Resistances:

- 1.0005 = expanded objective point (XOP)
- 1.0083 = objective point (OP)




Overbought/Oversold

The Detrended Oscillator is moving into the oversold confirming that the leg down has been fully developed. Assuming that the prevailing trend is up it's preferable to seek for bottoming signals to enter long. A small retracement will be enough.

Read more on how to apply Fibonacci studies to calculate price targets.

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

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, October 15, 2010 2010-10-15​

Pound/yen is moving within wave C of the daily downtrend - colored royal blue in the chart. Within the daily wave there's a set of 2 subwaves with corrective wave B developing - colored magenta on the chart. The latter is also subdivided into A-B-C cycle and wave C developing.

The targets of the corrective upmove are Fibonacci retracements of 132.93-128.97, and expansions off 128.97-130.36-129.59.

Resistances:

- 130.45-48 = confluence area of contracted objective point (COP) and .382 retracement
- 130.95-98 = confluence area of .50 ret and objective point (OP)
- 131.42 = .618 ret
- 131.84 = expanded objective point (XOP)

In case the price resumes its decline the nearest targets below the current level will be Fibonacci expansions off the daily waves A-B - 135.03-130.78-132.93, and expansions off minor waves 132.93-128.97-130.48.

Supports:

- 128.68 = OP
- 128.03 = COP




Overbought/Oversold

The Detrended Oscillator is under the zero level, possibly indicating that the leg up has ended. Assuming that the prevailing trend is donw now is the thime to be considering a short position.

Read more on how to apply Fibonacci studies to calculate price targets.

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

 

[BudakFx]

Wave analysis of the GBP/USD currency pair for October 18, 2010 2010-10-18​

Having worked out the level of 1.6060 last Thursday and marking the 1st wave in the 5th the GBP/USD pair is in the correction phase now, probably forming rather complicated structure of the 2d in the 5 th. If it so then in the nearest time the upside trend continuation can be expected within the 3d and the 5th waves. And the nearest expected target is still around 1,6155.

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

 

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, October 18, 2010 2010-10-18​

This currency pair is still developing daily wave C - colored royal blue in the chart. Within this wave there's potential wave C that is still developing. To confirm this subwave break below 128.97 is needed.

In case 128.97 is broken to the downside the nearest targets below the current level will be Fibonacci expansions off 135.03-130.78-132.93 (daily waves A-B), 132.93-128.97-130.69 (subwaves within daily C).

Supports:

- 128.68 = objective point (OP)
- 128.24 = contracted objective point (COP)
- 126.73 = OP

In case the price reverses to the upside for a corrective wave the nearest resistances will be Fibonacci retracements of the wave down from 130.69 - wave not developed yet.




Overbought/Oversold

The Detrended Oscillator is clearly in the oversold, confirming the downwave of a larget degree. Assuming that the prevailing trend is down it's preferable to seek for topping signals - when the price hits a Fibonacci resistance or gets into the overbought - to enter short.

Read more on how to apply Fibonacci studies to calculate price targets.

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

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, October 18, 2010 2010-10-18​

This currency pair is developing corrective wave 4 of daily degree - colored royal blue in the chart.

The targets of the corrective movement are Fibonacci retracements of 0.9541-1.0002, 0.9708-1.0002, and expansions off 1.0002-0.9862-0.9927.

Supports:

- 0.9826-20 = confluence area of .382 and .618 retracements
- 0.9787 = objective point (OP)
- 0.9771 = .50 ret
- 0.9717 = .618 ret
- 0.9700 = expanded objective point (XOP)

In case the price reverses up the nearest resistances will be Fibonacci retracements of the downwave from 1.0002 - wave not developed yet.




Overbought/Oversold

The Detrended Oscillator is at the zero level that confirms the short-term flat. Assuming that the wave down is corrective but is not yet over it's preferable to stand aside until a wave up of a large degree manifests itself.

Read more on how to apply Fibonacci studies to calculate price targets.

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

 

[anoone]

ucad satu...

 

[cemarajingga]

tak faham... sell or buy..? sorry.. noob here