Noughs and Crosses analysis by Instaforex

[abu85]

USD/CAD Noughs and Crosses analysis for December 9, 2011

After breaking the support level 1.008 the pair started to advance to the main bearish resistance line at 1.032.



At the moment the downside movement is expected to resume to the support level 1.006.

The main trend remains downside.

In case the resistance 1.032 is broken the trend will switch to the upside, however it is recommended to sell the pair due to the likely correction.

It is recommended to sell the pair as soon as it approaches the resistance level 1.032.

Support levels: 1.006

Resistance levels: 1.032

 

[abu85]

IBM Noughs and Crosses analysis for December 14, 2011

IBM shares resumed upside movement.



Yesterday’s movement ended with a pair’s correction to the support level 191.6 where the additional uptrend line.

In general the price demonstrates quite a chaotic movement.

In case the additional upside trend line at 191.6 is passed the correction will last up to the support level 190.4 where the upside movement will be resumed.

Computer sector graph is still in bullish correction at 30% level.

Relative strength of the shares remains the same in the X column.

In case the market opens up the upside movement will last up to the resistance level 194.0-194.8.

Support levels: 191.6

Resistance levels: 194.0-194.8

 

[abu85]

USD/CAD Noughs and Crosses for December 15, 2011

USD/CAD currency pair has formed quite a high X column. Buyers took the pair up to the strong resistance level 1.036; after its break the demand overbalanced the supply and upside movement continued up to 1.042.



At the moment the pair approached the resistance level 1.044. Buyers are almost out of power and the pair is quite far from the main uptrend line; relative strength graph exceeded 70%.

The price graph demonstrates slight downside correction, we should expect downside movement to the support level 1.026 where the upside movement can be resumed.

Buyers targeted to 1.052 where the key resistance is located. Given the overbought pair it will be difficult to reach 1.052 without a correction.

In case the upside movement continues the pair will only manage to reach the resistance level 1.050 where downside movement is to begin.

Support levels: 1.026

Resistance levels: 1.044, 1.050, 1.052

 

[abu85]

USD/CAD Noughs and Crosses analysis for December 16, 2011

After reaching the resistance level 1.042 the pair started downside movement within the correction.



The support line likely to be reached by the price is located at 1.026.

Additional uptrend line forms a support level at 1.02.

The upside movement is expected to be resumed to the resistance level 1.042 while the next resistance is expected to be located at 1.046.

The increase of the highs and bases demonstrates strong demand.

Only buying is recommended for this pair.

Support levels: 1.026; 1.020

Resistance levels: 1.042; 1.046

 

[abu85]

AUD/USD Noughs and Crosses analysis for January 11, 2012

The AUD/USD pair finished forming the 3-wave movement at 1.038 where it started the 4th corrective wave that ended at 1.016.



At the moment we observe growth of the pair in the 5th impulse wave with a target to overcome the resistance level 1.038.

In case buyers manage to pass the resistance at 1.038 the upside movement will be continued up to 1.042-1.044.

The RSI is at 47% and directed down, which denotes bearish pressure within the correction.

It is recommended to buy the pair after the 1.038 level is passed.

 

[abu85]

USD/CAD Noughs and Crosses analysis for January 12, 2012

The USD/CAD is expecting the downside movement to be resumed.



After breaking the 1.019 level the pair gave a buy signal. The signal can be considered false as it was given during downside trend.

At the moment the main target for the bu
At the moment the main target for the buyers is the resistance level 1.025. After it is reached the downside movement is expected to start.

Break of the support level 1.014 will provide a strong sell signal and open a way to 1.008.

Since the main trend is downside, it is recommended to sell the pair.

 

[abu85]

USD/CAD Survey according to the Point and Figure Charting for January 30, 2012

The USD/CAD pair continues the descending movement in the 3rd impulse wave.
On the chart with increment by 10 we can see that the pair begins its restoration after the decrease. In case the resistance level 1.004 is passed through, the ascending movement to the level 1. 01 will continue within the 4th corrective wave.
If the sellers are able to overcome the resistance level 0.999 then the way to the point 0.995 will open.

 

[abu85]

Point and Figure AUD/USD analysis for February 9, 2012

The AUD/USD currency pair gave us a strong buy signal after passing the 1.079 level.



The upside trend remains strong, which enables us to expect the resumption of the upside movement today.

1.070 is the support level which in case of being overcome will extend the downside movement up to the additional uptrend line at 1.064.

 

[abu85]

AUD/USD Survey according to the Point and Figure Charting for February 13, 2012

Having overcome the resistance level 1.074, the AUD/USD pair has gone downwards in the third impulse wave, confirming the forecasts. In case resistance level 1.064 has been overcome, the descending movement to the point 1.060 will continue.

Today the pair is likely to continue the correction to resistance level 1.073 from where the descending movement will resume.
As long as the main tendency remains downward, SELL-deals are recommended.

 

[abu85]

USD/CAD Survey according to the Point and Figure Charting for February 16, 2012

As expected, the USD/CAD passed the 0.999 support level, having broken the lower limit of the flat, thus giving a sell signal.



After reaching the 0.995 the pair resumed the upside movement.

At the moment the price has closely approached the main downside trend line 1.002 where it is supposed to resume downside movement.

Break of the 1.002 level will switch the trend to the upside and give a buy signal.