InstaForex : Wave analysis

Live Forex Chart

Currency
Rates
EUR / USD
1.13
USD / JPY
106.904
GBP / USD
1.26225
USD / CHF
0.94122
USD / CAD
1.35885
EUR / JPY
120.802
AUD / USD
0.695

CG Sponsors




BudakFx

Legendary Member
Platinum Member
Joined
Jul 18, 2009
Messages
15,560
Reaction score
338
Points
131
Wave analysis of GBP/USD currency pair for June 23, 2010 2010-06-23




Having finished the shaping of the group of waves abc yesterday, at the moment the price of GBP/USD is demonstrating the wish of the pound to continue rising motion started June 8. However, as we noted earlier, C wave looks substantially completed. But still it can develop more complicated form that will allow the price increase to the levels near the 52nd figure, however, scenario for new US dollar strengthening has good chances to take place as well. In addition, the indicators allow a probability of such new decline of the pound.


Performed by Alexander Dneprovskiy, Analytical expert
InstaForex Companies Group © 2007-2010
 
Last edited:
Sponsored Post

BudakFx

Legendary Member
Platinum Member
Joined
Jul 18, 2009
Messages
15,560
Reaction score
338
Points
131
Wave analysis of GBP/USD for June 24, 2010 2010-06-24






Yesterday, the GBP/USD price continued the stated on Tuesday quite dynamic upward movement, shaping another group of abc waves. It should be noted that considering unproved divergence of MACD such intensive growth of the pound looks rather unfounded and makes us to be careful with keeping long position during the coming to 1.5030. In addition, yesterday’s increase of the British currency made questionable current wave marking in the correctional C.


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

BudakFx

Legendary Member
Platinum Member
Joined
Jul 18, 2009
Messages
15,560
Reaction score
338
Points
131
GBP/JPY Elliott wave count and Fibonacci levels June 24, 2010 2010-06-24


The pound/yen is now standing in the flat 133.01-134.95. The breakout of the flat will show the direction of the intermediate trend. According to wave count the larger wave is down, and a smaller degree wave C can be developed. The confirmation of wave C is the break of 133.01, wave C is cancelled in case 134.95 is broken.
The price targets below are Fibonacci retracements of 130.40-136.00 and expansion points off 136.00-133.01-134.95, 134.95-133.62-134.84.
Price targets below the current level:
- 133.51 = objective point (OP)
- 133.10 = contracted objective point (COP)
- 132.69 = expanded objective point (XOP)
- 132.54 = .618 retracement
- 131.96 = OP
- 131.72 = .764 retracement
- 131.36 = super expanded objective point (SXOP)
In case wave C is cancelled and the price moves to the buy side, the targets above will be Fibonacci expansion points off 133.01-134.95-133.62:
- 135.56 = OP
- 136.76 = XOP



(Read more about EWA and Fibonacci levels)
Overbought/Oversold
At the moment the indicator is oscillating around the zero level. If we follow the wave count, i.e. trade in the wave of a larger degree, which is a down wave, short positions should only be initiated on indicator reaching overbought area and the price nearing a Fibonacci resistance off the wave 136.00-133.01. E.g. 136.86 (.618 retracement) or 135.29 (.764 retracement).


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

BudakFx

Legendary Member
Platinum Member
Joined
Jul 18, 2009
Messages
15,560
Reaction score
338
Points
131
GJ

GBP/JPY Elliott wave count and Fibonacci levels, June 28, 2010 2010-06-28




GBP/JPY is now standing in the potential wave C of the intermediate uptrend (colored magenta on the chart). The price targets above the current level are Fibonacci retracement points of 136.00-133.01 and expansion points off waves 133.01-134.95-133.05, 133.05-134.59-134.17.
Nearest price targets above the current level:
- 134.86 = .618 retracement
- 134.99 = objective point (OP)
- 135.12 = contracted objective point (COP)
- 135.71 = OP
- 136.19 = expanded objective point (XOP)
In case the price declines the supports will be Fibonacci retracement points of the wave 133.05-134.70:
- 134.07 = .382 retracement
- 133.88 = .50 retracement
- 133.68 = .618 retracement





Overbought/Oversold
The Detrended Oscillator is balancing around the zero level. Since the trend is up (according to the wave count), one should search for long entries in the vicinity of .382 and .50 retracements of wave 133.05-134.70. These respective levels are 134.07 and 133.88.

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

gemagemuruh

Super Active Member
Joined
Oct 22, 2009
Messages
5,162
Reaction score
44
Points
70
Masta, GU sepatutnya ada harapan untuk turun ke?
 

BudakFx

Legendary Member
Platinum Member
Joined
Jul 18, 2009
Messages
15,560
Reaction score
338
Points
131
Eur/usd

Wave analysis of EUR/USD currency pair. Weekly review 2010-06-28





As it was predicted, the EUR/USD price began to develop b wave in the 4th. At the same time, considering existing dynamics of the correction in favor of the euro, not less dynamic final of this b can be supposed, especially amid unpredictable response of the markets to the meeting of G20, as well as the start of c wave formation. On the other hand, for the same reasons, the currency pair can finish the current correctional phase and continue the downward trend against the Single currency. If the price moves up further, target levels for such movement still remain around the correctional level of 61.8%, close to the mark of 1.2790.


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

BudakFx

Legendary Member
Platinum Member
Joined
Jul 18, 2009
Messages
15,560
Reaction score
338
Points
131
Masta, GU sepatutnya ada harapan untuk turun ke?
ikutkan patik gu mmg dah masa tuk turun...
bila2 masa...

tapi masih ade ruang naik skit lagi sampai 5188..

klu naik lebih dari tu..
patik surrender..:D
 

gemagemuruh

Super Active Member
Joined
Oct 22, 2009
Messages
5,162
Reaction score
44
Points
70
ikutkan patik gu mmg dah masa tuk turun...
bila2 masa...

tapi masih ade ruang naik skit lagi sampai 5188..

klu naik lebih dari tu..
patik surrender..:D
Terima kasih masta:)cgrock...harap2 thread ni dapat diteruskan sampai bila2...patik minat ilmu ni walaupun tak paham...:D...semoga Allah memberkati usaha dan rezeki masta...:)paid
 
Sponsored Post
Top
Log in Register