EUR/USD Intraday Technical Level For September 7th / 2011

Arief Makmur

Technical analysis

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4076.
Strong Resistance : 1.4067.
Original Resistance : 1.4054.
Inner Sell Area : 1.4041.
Target Inner Area : 1.4007.
Inner Buy Area : 1.3973.
Original Support : 1.3960.
Strong Support : 1.3946.
Breakout SELL Level : 1.3938.

DESCRIPTION :

Today EUR / USD has the support and resistance at 1.3960 and 1.4054 is accompanied by a strong support at 1.3946 and 1.4067 strong resistance; If today'EUR / USD can breakout and close below the 1.3938 level then this indicates considerable Bearish strength, while if the EUR / USD today can break out and close above the 1.4076 level then this indicates considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.3973 and 1.4041 SELL position in which case both  targets are at the 1.4007 level.


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EUR/USD Intraday Technical Level For September 6th / 2011

Arief Makmur

Technical analysis

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.4139.
Strong Resistance : 1.4131.
Original Resistance : 1.4119.
Inner Sell Area : 1.4106.
Target Inner Area : 1.4075.
Inner Buy Area : 1.4044.
Original Support : 1.4031.
Strong Support : 1.4018.
Breakout SELL Level : 1.4010.

SHORT   DESCRIPTION :

Today the EUR/USD will find its Support and Resistance between the 1.4031 and the 1.4119; and today this currency has a strong Support at the 1.4018 and a strong Resistance at the 1.4131; if today the EUR/USD can break out and close below 1.4010, it will be the sign for SHORT trading for today; on the other hand, if this currency can break out and close above the 1.4139, it will be the sign for a LONG trading for today. Another option for an advanced trader can be trading between the Inner Buy Level at the 1.4044 for the LONG trading and the Inner Sell Level at the 1.4106 for the SHORT trading, and two both of them (the Inner BUY & Inner SELL Level) with the target at the 1.4075 level.
http://instaforex.com/forex_analysis/37830/?x=OUE

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GBP/JPY Elliott wave count and Fibonacci levels for September 5, 2011

Roman Molodiashin

Wave analysis

GBP/JPY is developing potential impulse wave С (colored royal blue in the chart) of medium term downtrend from 126.55. Within this wave there are A, B and C subwaves (colored magenta in the chart) with subwave C still developing from 124.76.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 127.31-124.47-126.55, 126.55-124.11-124.76.
Supports:
- 123.71 = objective point (OP)
- 123.25 = contracted objective point (COP)
- 122.65 = COP
- 122.32 = OP
- 121.95 = expanded objective point (XOP)
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of the wave down from 126.55 - this wave is not developed so no resistances are available so far.

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (5-10 pips above the current prices) or into the overbought area (20-30 pips above the current prices).
http://instaforex.com/forex_analysis/37688/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for September 2, 2011

Roman Molodiashin

Wave analysis

AUD/USD is moving within impulse wave C (from 1.0315) of medium term uptrend - colored royal blue in the chart. Within wave C there are A, B and C subwaves (colored magenta in the chart) with subwave C still developing from 1.0418. And the latter has four subwaves (colored red in the chart), with wave 4 still developing from 1.0771. The targets of the upmove are Fibonacci expansions off 0.9928-1.0600-1.0315, 1.0315-1.0533-1.0418, 1.0418-1.0685-1.0621.
Resistances:
- 1.0771 = expanded objective point (XOP)
- 1.0786 = contracted objective point (COP)
- 1.0888 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 1.0418-1.0771.
Supports:
- 1.0636 = .382 retracement
- 1.0595 = .50 ret
- 1.0553 = .618 ret

Overbought/Oversold
Assuming that the medium term trend is up it's preferable to try long positions when the Detrended Oscillator goes below the zero level (current prices) or gets into the oversold area (current prices).

http://instaforex.com/forex_analysis/37564/?x=OUE

EUR/JPY Intraday Technical analysis 2011-09-02

Albert Fitoussi

Technical analysis

The spot rate is currently testing the lower limit of its medium term bearish channel in 109.50 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 109.50 with a 1st objective of 110.20, then 110.50. A break in 109.30 would invalidate this scenario.

http://instaforex.com/forex_analysis/37572/?x=OUE 

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GBP/JPY Elliott wave count and Fibonacci levels for September 1, 2011

GBP/JPY is developing potential impulse wave С (colored royal blue in the chart) of medium term downtrend from 127.31. Within this wave there are A, B and C subwaves (colored magenta in the chart) with subwave C still developing from 126.55.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 127.31-124.47-126.55, 126.55-124.26-125.33.
Supports:
- 123.91 = contracted objective point (COP)
- 123.71 = objective point (OP)
- 123.04 = OP
- 122.65 = COP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 126.55-124.16.
Resistances:
- 125.41 = .50 ret
- 125.68 = .618 ret

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (10-15 pips above the current prices) or into the overbought area (30-40 pips above the current prices).

http://instaforex.com/forex_analysis/37458/?x=OUE

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EUR/JPY Intraday Technical analysis 2011-09-01

Albert Fitoussi Technical analysis

The spot rate is currently testing the upper limit of its medium term bearish channel in 111. A break of these levels would free up significant potential and initiate a bullish trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 111 with a 1st objective of 111.60, then 111.80. A break in 110.80 would invalidate this scenario.

http://instaforex.com/forex_analysis/37470/?x=OUE

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