Technical analysis of the USD/CAD for 25/11/2010
On a 4-hour graph the USD/CAD currency pair is declining again after it bounced off the resistance level 1.0263. As of now, the outlook remains bearish.
Author: InstaForex.com
Candlestick analysis of the EUR/GBP for 24/11/2010
On a daily graph the EUR/GBP is again showing the decrease after a slight pullback. The outlook is still bearish, as the downtrend remains. As it was mentioned before if the level of 0.8451 is broken through...
GBP/JPY Elliott wave count and Fibonacci levels, November 23, 2010
GBP/JPY has developed wave C (or 3) of daily degree 129.82-134.19, now corrective wave 4 is developing. At the moment the corrective wave has 3 subwaves – A-B-C (colored red in the chart). The targets of the...
AUD/USD Elliott wave count and Fibonacci levels, November 22, 2010
AUD/USD is moving within corrective wave against 1.0182-0.9727. Now subwave C (colored red) is developing. Its targets are Fibonacci retracements of 1.0182-0.9727, and expansions off 0.9727-0.9914-0.9815.
The technical analysis of the USD/CAD for 19/11/2010
On a 4-hour graph the rollback of the USD/CAD currency pair was limited by the support level of 1.0160. Recently, the pair traded in the range of 0.9980-1.0160. The breakout of the important resistance level changed the...
NZD/USD Wave Analysis, November 18, 2010
After completing a full positive Elliot cycle, made up of five waves, the New Zealand dollar – United States dollar pair is expected to have a correction movement, which, according to the Elliot wave theory should move...
Candlestick analysis of the EUR/GBP for 17/11/2010
On a daily graph the EUR/GBP pair is consolidating near the Fibonacci correction level 61.8. However, the viewpoint is bearish, as the downside trend is maintaining. The decline to the support level of 0.82 is expected if...
AUD/USD Elliott wave count and Fibonacci levels, November 16, 2010
AUD/USD is moving in corrective wave 4 of medium term downtrend – colored magenta in the chart. Potential targets of the corrective wave up are Fibonacci retracements of 1.0091-0.9815 (wave 3), and expansions off 0.9815-0.9922-0.9820.
The technical analysis of the USD/CAD for 15/11/2010
The USD/CAD currency pair has strongly rebounded from the support level of 0.9980. In whole, the USD/CAD is continuing to consolidate near multi-month lows.
AUD/USD Elliott wave count and Fibonacci levels, November 12, 2010
This currency pair is developing corrective wave B of the medium term uptrend (colored magenta in the chart). Wave A is 0.9651-1.0182 and its .618 retracement (0.9854) has been reached by the price. More targets below the...