Кино oнлайн Голосов: 1 Адрес блога: http://protelemag.ru/load/ Добавлен: 2011-09-28 02:02:58 блограйдером petol

GBP/USD Intraday Technical Analysis and Trading Recommendations for October 5, 2012

2012-10-05 18:52:10 (читать в оригинале)

 

Despite the indecisive movements last week, the GBP/USD pair reacted strongly towards 1.6300 – 1.6350 zone confirming the bearish retracement scenario expected last week.
The bearish Head and Shoulders reversal pattern on the 4H chart which was confirmed last Friday enabled 1.6060 level which was approached yesterday.
This week, the GBP/USD pair expressed daily closure outside the depicted bullish channel which was followed by yesterday's daily closure again back inside the channel (above 1.6130).
Support: 1.6130, 1.6066, 1.6030, and 1.5920
Resistance: 1.6270, 1.6315, and 1.6350.
Intraday support around 1.6100 corresponding to the backside of the broken down trend line and 1.6060 corresponding to the lower limit of the 4H bullish channel were tested yesterday expressing massive bullish price action manifested in the bullish engulfing candlestick.
A long-term support is seen around the price level of l and 1.5920 (50% Fibonacci Level). However, a considerable Intraday Resistance is expected to be found around 1.6315 (78.6% Fibonacci).

The material has been provided by Instaforex Company - instaforex.com

---

Fundamental Analysis For October 05 /2012

2012-10-05 18:48:42 (читать в оригинале)

 

This day was special for financial markets. The jobs data from the United States for September and August will be announced at 8:30 Eastern and generate a strong impact on currency prices.
This time it is expected to show increase in employment compared to August while unemployment rate which was 8.1% should grow to 8.2%. What can happen amid such data? At first, we witnessed a sharp rise on Wall Street during Thursday. Data available on the eve was not encouraging, and there was no stimulus for the Dow Jones index, which is approaching again to the 4-year maximum right on the eve of crucial information to be known in minutes.
Currencies, led by the euro, followed the movement of shares, and the pound was not far behind. Both currencies managed to gain positions after the apathetic statements of the ECB President Draghi at the press conference that followed the announcement of monetary policy of the entity. The British pound felt no effect of the same announcement by the BoE, which otherwise offered no surprises.
The euro managed to fix at 1.30 again, while the pound is firm, but not in an uptrend as the single currency. However, the data to be known from America usually offers some "surprises" that can derail any shape to be formed on the short-term chart.
As usual, the recommendation is to wait for the trends on short-term charts before placing stable market positions. In several months of this year the euro ended the day amid jobs data at the same level it was before the report. And this situation has been repeated for years in the past. Why not this time?
Canada also has its own employment data and the unemployment rate, at the same time, the Canadian reality is different (significantly better than that of its neighbor) in the workplace, and its currency is reflected: the loonie is away from parity with the dollar, although it is true that it is affected by oil behavior.
Taking into account the American session and mentioned above reports, we could observe some stimuli or turnaround in the medium -term, which provides an intense day in the markets. And you'd better have patience and prudence to cope with it.

The material has been provided by Instaforex Company - instaforex.com

---

Wave Analysis of the USD/JPY pair for October 5, 2012

2012-10-05 18:47:56 (читать в оригинале)

Wave Analysis:

As it was expected during yesterday’s trading session the USD/JPY pair worked out the target level near 78.70. It began its downward move, adjusting to wave 3 or c. At the same time parity between wave 1 (a) and wave 3 (c) as well as a tendency to MACD divergence give us reasons to assume the possible halt in an ascending trend development and consequently the price drop to the level of figure 78.

Targets for Up Wave 5 in c:

 

78.71 – 23.6% of Fibonacci
78.96 – 11.4% of Fibonacci

 

Targets for Down Wave 4 in c:

 

78.41 – 38.2% of Fibonacci
78.16 – 50.0% of Fibonacci

 

Summary and Trading Recommendations:

The formation of the up wave continues at the moment and it is starting from the correctional channel. Now an upward move towards 78.71 and 78.96 levels, corresponding to 23.6% and 11.4% of Fibonacci, may continue. The quotes retreat may begin in the terms of wave 4 in c with the targets 78.41 and 78.16 corresponding to 38.2% and 50.0% of Fibonacci. Divergence of MACD implies that downward move is about to happen and probably it has already started. Wave c may be very extended and complex.

The material has been provided by Instaforex Company - instaforex.com

---

EUR/NZD - Elliott Wave Analysis for October 5 - 2012

2012-10-05 16:13:21 (читать в оригинале)

 

 

Today's Support and Resistance Levels: 

S1: 1.5745                    R1: 1.5849

S2: 1.5715                    R2: 1.5894

S3: 1.5654                    R3: 1.5981

 

Technical Overview: 

 

The correction which we observed yesterday became the shallow one. It argued for an extension higher towards the 1.5898 target and that is just what we have seen. Once we reached this target we saw the beginning of a more decent correction, which will likely take us down to the 1.5715 - 1.5745 area in wave iv. As wave ii was an expanded flat correction we need only to see a simple zigzag correction in wave iv due to the Elliott Wave Principles alternation rule. Once this wave iv is in place we should be looking for the next rally higher in wave v towards 1.5986, but and this is important, we have entered wave 3, which is normally the strongest wave and correction tend to be very small, therefore we should not be surprised to see just correction as the one we got yesterday and then on we go higher. Remember we are looking for this wave to reach 1.6969 in the long term.

 

Trading Recommendation:

You should be long EUR from 1.5545. Lift your stop to 1.5620. If you are not long EUR already wait and buy into the correction towards the 1.5715 - 1.5745 area with the same stop.

The material has been provided by Instaforex Company - instaforex.com

---

EUR/JPY - Elliott Wave Analysis for October 5 - 2012

2012-10-05 16:07:42 (читать в оригинале)

 

 

Today's Support and Resistance Levels:

S1: 101.18                    R1: 102.56

S2: 101.46                    R2: 102.97

S3: 101.00                    R3: 103.85

 

Technical Overview:  

Since yesterday we have seen the expected rally to resistance at 102.10 and as it is supposed this resistance tries to put up a decent fight, but it will not be for long. After a minor correction into the 101.49 - 101.68 area we should see the next part of the rally higher towards 102.53 and maybe even 103.57 before we should expect this wave iii to end. Once we have a top in place for this wave iii we should be looking for a shallow and complex correction in wave four. Due to R.N. Elliott's alternation principle wave two and four should be different in their look and because wave ii was a simple deep zigzag we should expect either a triangle or a combination of corrections in wave iv.

 

Trading Recommendation: 

You should be long EUR from 100.20. Lift you stop to 100.70. If you are not long EUR already you could buy into a correction towards 101.49 - 101.68, but set a tighter stop at 101.35 as it will be a more risky buy up here.

The material has been provided by Instaforex Company - instaforex.com