Fundamental Analisis By InstaForex

[BudakFx]

GBP/JPY Elliott wave count and Fibonacci levels, October 28, 2010 2010-10-28​

Pound/yen is now developing corrective wave B of weekly degree. Wave A - 135.03-126.43. The tragets of the corrective upmove are Fibonacci retracements of 135.03-126.43 (wave A), and expansions off 126.43-129.58-128.51.

Resistances:

- 129.72 = .382 retracement
- 130.46 = contracted objective point (COP)
- 130.73 = .50 ret

If the price reverses down the nearest supports will be Fibonacci retracements of 126.43-129.58.

Supports:

- 128.38 = .382 ret
- 128.01 = .50 ret
- 127.63 = .618 ret




Overbought/Oversold

The Detrended Oscillator is oscillating around the zero, which confirms the flat. Assuming that the wave up is of large degree it's preferable to seek for bottoming signals to enter long when the price hits a Fibonacci support or gets into the oversold - 20-30 pips to go.

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]

Pound Jumps To Fresh 5-week High Against Swiss Franc

U.K.'s sterling continued its strong rally versus most major currencies in early New York trading on Thursday and touched a fresh 5-week high of 1.5708 against the Swiss franc, 16-day high of 0.8706 against the euro, 9-day high of 1.5932 against the US dollar around 8:15 am ET.

If the pound strengthens further, likely target levels are seen at 0.8630 against the euro, 1.60 versus the US dollar and 1.5880 against the Swiss franc.

The pound also reversed its course after hitting a 2-day low against the yen in early trading and touched as high as 129.41 before holding steady around 8:15 am ET. On the upside, the UK currency may target resistance around the 130.30 level.

News are provided by InstaForex.

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, October 29, 2010 2010-10-29​

AUD/USD is developing wave C of the midterm downtrend - colored magenta in the chart. Within this wave there's corrective wave B that is developing. Its targets are Fibonacci retracements of 0.9973-0.9651.

Resistances:

- 0.9812 = .50 retracement, reached (!)
- 0.9850 = .618 ret

In case the price continues the medium term downtrend the nearest resistances will be Fibonacci retracements of 0.8772-1.0002, expansions off 1.0002-0.9662-0.9973, 0.9973-0.9651-0.9819.

Supports:

- 0.9633 = objective point (OP)
- 0.9620 = contracted objective point (COP)
- 0.9532 = .382 ret
- 0.9497 = OP
- 0.9423 = expanded objective point (XOP)




Overbought/Oversold

The Detrended Oscillator is consolidating around the zero level confirming the flat and giving no possible entry points so far. Assuming that the prevailing trend is down, it's preferable to seek for a topping signal to enter short when the price hits a Fibonacci resistance or gets into the overbought - 20-30 pips to go.

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 29, 2010 2010-10-29​

According to wave count on larger timeframes this currency pair is developing corrective wave to 135.03-126.43 (weekly wave A). The tragets of the corrective upmove are Fibonacci retracements of 135.03-126.43 (wave A), and expansions off 126.43-129.58-128.06.

Resistances:

- 129.72 = .382 retracement
- 130.01 = contracted objective point (COP)
- 130.73 = .50 ret
- 131.21 = objective point (OP)

In case the price reverses to go down the nearest supports will be Fibonacci retracements of 126.43-129.58 and expansions off 129.58-128.06-129.36.

Supports:

- 128.01 = .50 retracement
- 127.84 = objective point (OP)
- 127.63 = .618 ret
- 126.90 = expanded objective point (XOP)




Overbought/Oversold

The Detrended Oscillator is moving back to the zero from the oversold area. Assuming that the prevailing (med term) trend is up, it's preferable to wait until this bottoming signal confirms to enter long or wait for a deeper pullback.

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 29, 2010 2010-10-29​

Yesterday the price for GBP/USD continued the upside motion adding almost 200 points to the pound. The structure of the supposed b wave is getting more complicated which takes a shape of a diagonal triangle. If so, at present moment the wave formation goes on within the triangle which is a component of a correctional b wave.

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

 

[BudakFx]

Wave analysis of the EUR/USD for October 29, 2010 2010-10-29​

Probably, Wednesday's minimum is an end of the c wave in the current correction. In such a manner, the situation with the EUR/USD pair develops following the correctional scenario implying a formation of a horizontal triangular structure. If so, then the euro rates upturn started yesterday takes place within the d wave of such triangle towards the 40th figure level.

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

 

[anoone]

wah..analisis dari instaforex....

menarik utk gu ngan eu...

 

[BudakFx]

pollow jgn pollow..

 

[BudakFx]

AUD/USD Elliott wave count and Fibonacci levels, November 2, 2010 2010-11-02​

AUD/USD is about to continue the long term uptrend and develop wave 5 of weekly degree. As far as wave count on smaller timeframes is concerned, this pair is developing wave C of the med term uptrend - colored red in the chart. Its targets are Fibonacci expansions off 0.9651-0.9819-0.9678, as well as expansions off smaller waves 0.9678-0.9914-0.9833.

Resistances:

- 1.0002 = local peak
- 1.0069 = objective point (OP)
- 1.0118 = super expanded objective point (SXOP)

In case the price reverses for a corrective wave the nearest supports will be Fibonacci retracements of the waves up starting from 0.9833 and from 0.9678 - waves not developed yet.




Overbought/Oversold

The Detrended Oscillator is in the highly overbought area. Assuming that the prevailing trend is up, it's preferable to wait for a retracement to open a long position on weakness - when the price hits a Fibonacci support (not available right now) or gets closer to the zero level - 50-60 pips to go.

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, November 2, 2010 2010-11-02​

This currency pair has rebounded from 130.32 and is now trading in still narrower flat - limited by 128.87-130.32. However, according to wave count this wave down is considered corrective (B) to 127.96-130.32. The targets of this corrective downmove are Fibonacci retracements of 127.96-130.32 and 126.43-130.32.

Supports:

- 128.86-83 = confluence area of .618 and .382 retracements (the price reversed within 1 point!)
- 128.38 = .50 ret
- 127.92 = .618 ret

In case the price continues its advance the nearest resistances will be the retracements of 130.32-128.87, 135.03-126.43, and expansions off 126.43-129.58-127.96, 127.96-130.32-128.87.

Resistances:

- 129.60 = .50 ret
- 129.77 = .618 ret
- 130.33 = contracted objective point (COP)
- 130.73 = .50 ret
- 131.11-23 = confluence area of two objective points (OP)




Overbought/Oversold

The Detrended Oscillator is oscillating closer around the zero level, each new peak is shorter than the previous, which confirms the flat. Assuming that the longer term trend is up it's preferable to seek for bottoming signals to enter long - when the price hits a Fibonacci support (listed above) or gets into the oversold - 30 pips to go.

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

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