EUR/USD Weekly Forecast For October 17th - 21st / 2011

Forecast

Arief Makmur

DESCRIPTION :

Last week the EUR/USD tried to test the dynamic resistance Simple Moving avarage (10) at the 1.3896 level; if next week the currency is successfully continuing its movement toward and above level 1.3896, then 1.4040 Fibonacci Resistance 50% will be the next destination for EUR/USD. Conversely, if it turns out that next week EUR/USD reverses course to the level 1.3684 then 1.3650 would be the primary target and 1.3625 and 1.3600 will be the next targets.
http://instaforex.com/forex_analysis/41585/?x=OUE

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USD/CHF wave analysis for October 14, 2011

Wave analysis

Alexander Dneprovskiy

During yesterday’s trading the USD/CHF currency pair could not continue the downside trading thus coming into a horizontal correction state. At the same time it seems that regardless the further development of the wave situation the price might resume declining at least to the 87 figure level (38.2% of the current correction). In the meantime the estimated 2nd wave (or b) at the moment looks a little simplified thus allowing it to be formed further, either in price or in timely respect.

http://instaforex.com/forex_analysis/41485/?x=OUE

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EUR/USD Intraday Technical Level For October 13rd / 2011

Technical analysis

Arief Makmur

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3845.
Strong Resistance : 1.3837.
Original Resistance : 1.3824.
Inner Sell Area : 1.3811.
Target Inner Area : 1.3778.
Inner Buy Area : 1.3745.
Original Support : 1.3732.
Strong Support : 1.3718.
Breakout SELL Level : 1.3711.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3732 and 1.3824 is accompanied by a strong support at 1.3718 and 1.3837 for they strong resistance; If today EUR/USD can breakout and close below the 1.3711 level then this indicates considerable Bearish  strength, while if the EUR/USD today can breakout and close above the 1.3845 level then this indicates Bullish considerable strength . Alternatively you can trade in a way to open BUY position at the level of 1.3745 and 1.3811 for SELL position in which case both targets are at the 1.3778 level.
  http://instaforex.com/forex_analysis/41337/?x=OUE

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GBP/USD candlestick analysis for October 12, 2011

Technical analysis

Vladimir Donin

The GBP/USD currency pair is demonstrating a rebound after it could not fixate above the support level 1.5565. Nevertheless the viewpoint at the pair remains bearish.
Earlier in a 4-hour graph the GBP/USD pair formed a Falling Three Methods combination that gives us a bearish signal.
This combination was formed amid a downside movement after the pair could not break the resistance level near 1.6600, which means that the bulls could not solidify here and the bears started to increase their influence. At the same time each rollback was considered as a pause before further decline.
Break of the support level 1.5565 will denote that this point of view is correct. In this case we should expect a downfall to the support level 1.5344. Its break will cause downside movement to 1.5290.
It is worth mentioning that stop loss should be placed slightly above the 1.5932 level as its break will allow the pair to reach 1.6200. 

http://instaforex.com/forex_analysis/41211/?x=OUE

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AUD/USD Elliott wave count and Fibonacci levels for October 11, 2011

Wave analysis

Roman Molodiashin

AUD/USD is developing corrective wave A of medium term uptrend (colored light green in the chart). Within this wave there are A, B and C waves of smaller degree (colored red in the chart), with wave C still developing from 0.9733. The targets of the upmove are Fibonacci retracements of 1.0768-0.9387, and expansions off 0.9387-0.9878-0.9733.
Resistances:
- 1.0036 = contracted objective point (COP)
- 1.0077 = .50 retracement
- 1.0224 = objective point (OP)
- 1.0240 = .618 ret
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 0.9387-1.0014.
Supports:
- 0.9774 = .382 ret
- 0.9701 = .50 ret
- 0.9627 = .618 ret

Overbought/Oversold
Assuming that the larger wave is now moving 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 (30-40 pips below the current prices).
http://instaforex.com/forex_analysis/41091/?x=OUE

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