Daily Wave Analysis from InstaForex

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-27_0910_AM_(90_min)_source!.jpg
Market Overview
Yesterday the AUD/USD pair was trading within the upward trend. During the European session the major started the ascending movement to the 1.0485 level (200 EMA resistance). Therefore, during the New York session we could observe the strong bullish mood; the price has reached the new daily high at 1.0542 level.The USD/CAD pair did not manage to hold this level and at the end of the New York session we could observe the price bound to the 1.0535 level. Today during the Asian session we could observe a downward move to the 1.0503 level. Today the AUD/USD pair is expected to test 50EMA support before we can see price above 1.0545 again. Also it is necessary to consider the data concerning the USD S&P/CS Composite-20 HPI y/y, CB Consumer Confidence and Fed Chairman Bernanke Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0382 (S2) 1.0427 (S1) 1.0456 (PP) 1.0501 (R1) 1.0546 (R2) 1.0575 (R3) 1.0620

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished the wave B (colored pink) of the bigger wave B (colored blue) in the point 1.0335, Presently we can observe the middle of the wave C. In accordance with our wave rules and taking into account that the wave C is equal to the wave B, we can define the potential targets with the Fibonacci retracement (1.0636-1.03357); the First Take Profit at 1.0572 (78.6% of wave B) and Second Take Profit at 1.0636 (100% of wave B). For Stop Loss we can use 1.0445 support level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why Long position at levels 1.0550 with Stop Loss at 1.0445, Take Profit at 1.0572 and Take Profit 2 at 1.0636 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-27_0914_AM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading within the downward trend. During the European session the major started descending movement to the 0.9960 level (100 EMA Support). Therefore, during the New York session we could observe the continuation of the bearish mood; the price has reached the daily low at 0.9905. Today during the Asian session we could observe sideways movement of the pair. Today the USD/CAD pair is expected to test 0.9880 level before going higher than 1.0000. Also it is necessary to consider the data concerning the USD S&P/CS Composite-20 HPI y/y,CB Consumer Confidence and Fed Chairman Bernanke Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9846 (S2) 0.9881 (S1) 0.9903 (PP) 0.9938 (R1) 0.9973 (R2) 0.9995 (R3) 1.0030

USD/CAD Elliott Wave Analysis
The USD/CAD has finished A wave (colored blue) of the bigger B wave (colored green) in the point 0.9964 and B wave (colored blue) in the point 0.9998. Presently we can observe the end of C wave. Proceeding from our wave rules and considering that the wave B will retrace 78.6% of wave A, we can define the potential targets with the help of Fibonacci retracement (0.9841-1.0033) with Take Profit at 0.9882 (78.6% of wave A). For Stop Loss we can use the 0.9930 resistance level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an Downward movement. That is why short positions at levels 0.9905 with Stop Loss at 0.9930 and Take Profit 0.9882 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-28_2207_PM_(90_min)_source!.jpg
Market Overview
Yesterday the AUD/USD pair was trading within the downward trend. During the European session the major started to decline to 1.3400. Therefore, during the New York session we were able to observe the continuation of the bearish mood; the price reached the new daily low at 1.0355 level at the end of session. Today during the Asian session we have observed continuation of decline under 1.0340.Today the AUD/USD pair is expected to test 100 EMA. Also it is necessary to consider the data concerning the USD Unemployment Claims, Final GDP q/q, FOMC Member Lockhart Speaks and Fed Chairman Bernanke Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0293 (S2) 1.0335 (S1) 1.0360 (PP) 1.0401 (R1) 1.0443 (R2) 1.0468 (R3) 1.0509

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished (A) wave (coloured black) of the bigger B wave (coloured blue) in the point 1.0557, and wave (B) in the point 1.0341. Presently we can observe start of (C) wave. In accordance with our wave rules and taking into account that the wave C is equal to the wave A, we can define the potential targets with the Fibonacci retracement (1.0335-1.0557-1.0341); the first Take Profit at 1.0561 (100% of wave A) and second Take Profit at 1.0621 (127.2% of wave A). For Stop Loss we can use a 1.0336 level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why Long position at levels 1.0410 with Stop Loss at 1.0336, Take Profit at 1.0561 and Take Profit 2 at 1.0621 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-28_2209_PM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading within the upward trend. During the European session the major started to ascend towards 0.9975. Therefore, during the New York session we were able to observe continuation of the bullish mood; the price reached the new daily high at 1.0000 at the end of session. Today during the Asian session we have observed continuation of upward trend and price reached the 0.9973 level. Today the USD/CAD pair is expected to test the 0.9900 level. Also it is necessary to consider the data concerning the USD Unemployment Claims, Final GDP q/q, FOMC Member Lockhart Speaks, Fed Chairman Bernanke Speaks and CAD RMPI m/m, IPPI m/m, Annual Budget Release that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9922 (S2) 0.9943 (S1) 0.9956 (PP) 0.9976 (R1) 0.9997 (R2) 1.0010 (R3) 1.0030

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished A wave (colored blue) of the bigger (C) wave (colored green) in the point 0.9999. Presently we can observe start of B wave (colored blue). In accordance with our wave rules and taking into account that the wave B should retrace from 50 - 61.8% of wave A, we can define the potential targets with the Fibonacci retracement (0.9899-0.9999); the First Take Profit at 0.9949 (50% of wave A) and Second Take Profit at 0.9921 (78.6% of wave A). For Stop Loss we can use the 1.0020 resistance level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. That is why Short position at levels 0.9970 with Stop Loss at 1.0020, Take Profit at 0.9949 and Take Profit 2 at 0.9921 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[ogunobojohnbull]

this is really a great job you are doing here, i will personally like to appreciate your kindness and efforts for doing this without any reward. may almighty God strengthen you

[NDelic]

USDCAD_-_Primary_Analysis_-_Apr-02_1013_AM_(1_hour)_source!.jpg
Market Overview
On Friday during the Asian session the USD/CAD pair was trading within the upward movement and reached the resistance level 0.9980. During the New York session the USD/CAD pair broke this resistance level, and pushed to the new daily high at 0.9998 level.Today during the Asian session we could observe the bullish mood; the price reached the 0.9980 level. Today the USD/CAD pair is expected to test 1.0025 level. Also it is necessary to consider the data concerning the USD ISM Manufacturing PMI and CAD BOC Gov Carney Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9927 (S2) 0.9945 (S1) 0.9956 (PP) 0.9973 (R1) 0.9991 (R2) 1.0002 (R3) 1.0019

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished A wave (colored pink) of the bigger B wave (colored blue) in the point 0.9952. Presently we can observe the end of B wave (colored pink). In accordance with our wave rules and taking into account that the wave B retraces 50 - 61.8% of wave A, we can define the potential targets with the Fibonacci retracement (0.9899-0.9999); the First Take Profit at 0.9937 (61.8% of wave A) and Second Take Profit at 0.9921 (78.6% of wave A). For Stop Loss we can use the 0.9970 resistance level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. That is why Short position at levels 0.9950 with Stop Loss at 0.9970, Take Profit at 0.9937 and Take Profit 2 at 0.9921 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

EURJPY_-_Primary_Analysis_-_Apr-02_1017_AM_(90_min)_source!.jpg
Market Overview
On Friday during the European session the EUR/JPY pair was trading in an sideways trend from 109.05 to 109.90 level. During the New York session the EUR/JPY pair pushed price to the 110.60 level (2 Days High). The EUR/JPY pair has finished Friday's trading day few pips lower than the 110.55 level. Today during the Asian session we could observe the sideways trend; the price is currently around Friday's closing price.Today the EUR/JPY pair is expected to retest the 111.40 level. Also it is necessary to consider the data concerning the EURO Unemployment Rate and that can affect the rate of the pair.

Support and Resistance levels
(S3) 108.46 (S2) 109.06 (S1) 109.43 (PP) 110.03 (R1) 110.63 (R2) 111.00 (R3) 111.60

EUR/JPY Elliott Wave Analysis
The EUR/JPY pair has finished the wave 1 (colored blue) of the bigger wave 1 (colored green) in the point 109.87 and wave 2 (colored blue) in the point 108.77, Presently we can observe the end of the wave 3. There are two possible scenarios: firstly, if price continues to go higher, the next target for wave 3 will be seen at 261.8% of wave 1 in the point 112.00. The best place to set Stop Loss in this case will be at 110.20 level. Secondly, if we assume that wave 3 is completed because we have seen the price reached 161.8% of wave 1, we can expect that the price will start pushing in the bearish mood to the 109.90 level. In this case Stop Loss will be at 111.10 level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why Long position at levels 111.00 with Stop Loss at 110.20 and Take Profit at 112.00 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

USDCAD_-_Primary_Analysis_-_Apr-03_1124_AM_(1_hour)_source!.jpg
USD/CAD Elliott Wave Analysis
The USD/CAD pair was trading within the downward move yesterday.With a gap we saw at Monday opening we finish 1 wave (coloured pink). During the Asian session this major started to ascend toward to the 0.9990 level filling the gap. We can consider this weak bullish move as 2 wave (coloured pink), Therefore during the European and New York session we can observe strong bearish mood in the USD/CAD pair and price has reached 0.9887, this was end of 3 wave (coloured pink). At the end of New York session this major pair tried to push the price higher and we saw closing of Monday session at the 0.9904 level. Today during the Asian session we could observe price retest of the yesterday low and within this move we finish B wave (coloured green). Presently we can observe a start of the corrective C wave (coloured green). In accordance with our wave rules and taking into account that the wave C should be equal as wave A, we can define the potential targets with the Fibonacci extensions (0.9840-1.0035-0.9887); the First Take Profit at 0.9983 (50% of wave A) and Second Take Profit at 1.0006 (61.8% of wave A). For Stop Loss we can use the 0.9860 resistance level. Also it is necessary to consider the data concerning the USD Factory Orders m/m, FOMC Meeting Minutes and FOMC Member Williams Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9826 (S2) 0.9865 (S1) 0.9889 (PP) 0.9928 (R1) 0.9967 (R2) 0.9991 (R3) 1.0030

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the Upward movement. That is why Long position at levels 0.9930 with Stop Loss at 0.9860,Take Profit 1 at 0.9983 and Take Profit 2 at 1.0005 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

EURJPY_-_Primary_Analysis_-_Apr-03_1115_AM_(90_min)_source!.jpg
EUR/JPY Elliott Wave Analysis
The EUR/JPY pair was trading in a sideways trend for the last few days. We can label this move with triangle (A, B, C, D, E), yesterday this major pair was trading within the downward trend, the price reached 108.95 in the New York session and we can call this move as A wave (coloured blue), we saw in the last hours of Mondays trading day a pull-back to 109.60 and we can label this move as B wave (coloured blue). Today bearish mood continue in the Asian session and with this move the EUR/JPY pair has finished final c wave of the bigger E wave (coloured green) in the point 108.70. Presently we can observe (i) wave (coloured green). Today the EUR/JPY pair is expected to test 110.00 before we can see little correction. For protecting our trade we can use Stop Loss at the 109.00 support level. Also it is necessary to consider the data concerning the EURO Final GDP q/q that can affect the rate of the pair.

Support and Resistance levels
(S3) 107.62 (S2) 108.45 (S1) 108.96 (PP) 109.80 (R1) 110.63 (R2) 111.14 (R3) 111.98

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the Upward movement. That is why Long position at levels 109.35 with Stop Loss at 109.00 and Take Profit at 110.00 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

AUDUSD_-_Primary_Analysis_-_Apr-04_1055_AM_(2_hour)_source!.jpg
AUD/USD Elliott Wave Analysis
For the last few weeks the AUD/USD pair was trading in a downside channel, for the last week we could observe the end of B wave (coloured blue) in the point 1.0557. Presently we are at the end of C wave and we are expecting to see price in bullish mood soon, wave A (coloured pink) finished 5 impulse waves in the point 1.0333. Yesterday during the Asian session we could observe the end of B wave (coloured pink) in the point 1.0465.
The European and New York session pushed this major to the new low at 1.0301 level. In accordance with our wave rules and taking into account that the wave C should be equal to wave A, we can define the potential targets with the Fibonacci extensions (1.0557-1.0333-1.0301); the First Take Profit at 1.0241 (100% of wave A). If price breaks this level and continues to go in bearish mood we can consider the 1.0145 level as next support level and end of C wave. Also it is necessary to consider the data concerning the U.S. ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, and Crude Oil that can affect the rate of the pair

Support and Resistance levels
(S3) 1.0204 (S2) 1.0265 (S1) 1.0303 (PP) 1.0365 (R1) 1.0426 (R2) 1.0464 (R3) 1.0526

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 1.0240 with Stop Loss at 1.0210,Take Profit 1 at 1.0280 and Take Profit 2 at 1.0300 are recommended.

[NDelic]

USDCAD_-_Primary_Analysis_-_Apr-05_1000_AM_(1_hour)_source!.jpg
USD/CAD Elliott Wave Analysis
As a result of Wednesday's trading day the USD/CAD pair has finished the 3 wave (coloured pink) structure of the bigger A wave (coloured blue). During the London sessions we could observe the ascending movement to the 200EMA resistance line at 0.9945 level.Therefore during the early New York session this major broker 200EMA resistance and reached 0.9973 level. We can consider this level as subway 3 of bigger 3 wave.The USD/CAD pair did not manage to hold this level at the end of session we could observe the price reaching 0.9960. End of the final 5 wave of the bigger 3 wave was today during the Asian market when price retest yesterday high. Presently we can observe the end of 4 wave (coloured pink). In accordance with our wave rules and taking into account that the wave 5 is equal to wave 1, the First Take Profit should be at 0.9981 (78.6%% of wave 1) and Second Take Profit - at 0.9990 (100% of wave 1). For Stop Loss we can use the 0.9945 resistance level. Also it is necessary to consider the data concerning the CAD Building Permits m/m,Employment Change,Unemployment Rate,Ivey PMI and USD Unemployment Claims that can affect the rate of the pair.affect the rate of the pair.

Support and Resistance levels
(S3) 0.9874 (S2) 0.9901 (S1) 0.9918 (PP) 0.9945 (R1) 0.9972 (R2) 0.9989 (R3) 1.0016

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 0.9950 with the Stop Loss at 0.9945,Take Profit 1 at 0.9981 and Take Profit 2 at 0.9990 are recommended.

[NDelic]

AUDUSD_-_Primary_Analysis_-_Apr-05_1003_AM_(1_hour)_source!.jpg
AUD/USD Elliott Wave Analysis
Yesterday the AUD/USD pair was trading within downward movement,during the early Asian session we could observe price reaching 1.0262 level. We can consider this move as 3 wave of the bigger C wave. Therefore during the European session this major pair continued to move in a bearish mood, the wave 5 of C wave was finished at the end of EU session at 1.0243 resistance level. Today we can see the beginning of 1 wave (coloured blue), Presently we can see the end of the wave 1 and we can expect the price to test 1.0275 level before we can see price higher again in the 3 of 1 wave. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of wave 1, we can define the potential targets with Fibonacci extensions (1.0242-1.0318-1.0275); the First Take Profit at 1.0350 (100% of wave 1) and Second Take Profit at 1.0395 (161.8% of wave 1). For Stop Loss we can use end of C wave at 1.0242. Also it is necessary to consider the data concerning the U.S. Unemployment Claims that can affect the rate of the pair


Support and Resistance levels
(S3) 1.0189 (S2) 1.0225 (S1) 1.0247 (PP) 1.0283 (R1) 1.0319 (R2) 1.0341 (R3) 1.0377

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 1.0275 with Stop Loss at 1.0242,Take Profit 1 at 1.0350 and Take Profit 2 at 1.0395 are recommended.

[NDelic]

USDCAD_-_Primary_Analysis_-_Apr-09_0937_AM_(1_hour)_source!.jpg
USD/CAD Elliott Wave
The USD/CAD pair was developing the corrective wave C (coloured green) for the last few days. The wave B (coloured blue) was finished on Tuesday at the 0.9886 level. During the Friday's session the pair was trading in a upward movement. Therefore, we can observe the price pushing to the 0.9985 level in early New York session.Today during the Asian session we could observe the strong bullish mood and price reaching above 0.9960 level. Presently we can observe the end of the C wave of the bigger (C) wave. In accordance with our wave rules and taking into account that the wave C is equal to the wave A, we can define the potential targets with Fibonacci extensions (0.9987-0.9998-0.9906); the First Take Profit at 1.0015 (100% of wave A). For Stop Loss we can use the support level 0.9945. Also it is necessary to consider the data concerning the CAD BOC Business Outlook Survey that can affect the rate of the pair

Support and Resistance levels
(S3) 0.9888 (S2) 0.9914 (S1) 0.9930 (PP) 0.9956 (R1) 0.9982 (R2) 0.9998 (R3) 1.0024

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 0.9980 with Stop Loss at 0.945 and Take Profit at 1.0015 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

AUDUSD_-_Primary_Analysis_-_Apr-09_0940_AM_(2_hour)_source!.jpg
AUD/USD Elliott Wave
The AUD/USD pair was trading in a sideways movement for the last few days.On Thursday we could observe the end of wave 1 and 2 (coloured pink). During the Friday's European session we could observe the price touching 100EMA resistance. Therefore during the New York session the AUD/USD pair did not manage to hold this level and we could observe the price under the 1.0270 level. We can consider this move as subways 1 and 2 of the 3 wave. Today during the Asian session we could observe the continuation of the bearish mood and price reaching 1.0260 level. Presently we can observe 3 wave (coloured pink) of the bigger 1 wave (colured blue). In accordance with our wave rules and taking into account that the wave 3 retraces161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0243-1.0323-1.0252); the First Take Profit at 1.0381 (161.8% of wave 1). For Stop Loss we can use the support at 1.0252.

Support and Resistance levels
(S3) 1.0239 (S2) 1.0263 (S1) 1.0279 (PP) 1.0304 (R1) 1.0328 (R2) 1.0344 (R3) 1.0369

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 1.0290 with Stop Loss at 0.0252 and Take Profit at 1.0381 are recommended.

Performed by Nicola Delic, Analytical expert
InstaForex Companies Group © 2007-2012

[NDelic]

USDCAD_-_Primary_Analysis_-_Apr-10_0924_AM_(1_hour)_source!.jpg
USD/CAD Elliott Wave
The USD/CAD pair was trading in an upward trend during the European session Monday. We can observe price testing the 1.0000 level. The USD/CAD pair did not manage to hold this level and we can observe bearish movement during the session in New York - towards 0.9957 (100EMA support). We can consider this move as 3 wave (coloured pink) of the bigger (C) wave (coloured green).Today during the Asian session we could observe price to test 200EMA support before price continuation in a bullish mood. We can consider this move as wave 4 (coloured pink). Presently we can observe start of the 5 wave. In accordance with our wave rules and taking into account that the wave C is equal to wave A, we can define the potential targets with Fibonacci extensions (0.9987-0.9998-0.9906); the First Take Profit at 0.9992 (79.6% of wave A) and Second Take Profit at 1.0015 (100% of wave A). As a Stop Loss we can use the support level at 0.9965. Also it is necessary to consider the data concerning the U.S. IBD/TIPP economic optimism, wholesale inventories m/m and FOMC member Lockhart Speech that can affect the rate of the pair.


Support and Resistance levels
(S3) 0.9915 (S2) 0.9937 (S1) 0.9951 (PP) 0.9973 (R1) 0.9995 (R2) 1.0009 (R3) 1.0031

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 0.9970 with Stop Loss at 0.9965,Take Profit 1 at 0.9992 and Take Profit 2 at 1.0015 are recommended.

[NDelic]

GBPUSD_-_Primary_Analysis_-_Apr-10_0931_AM_(90_min)_source!.jpg
GBP/USD Elliott Wave
The GBP/USD pair was trading in an upward channel for last few days. During the Monday's European session we could observe the price testing 100EMA Resistance, therefore during the New York session the GBP/USD pair continued to trade in a bullish mood and price reached the 1.0591 level. Today during the Asian session we could observe the price at 1.5930 (5-day high). We can consider this move as wave B (coloured pink). Presently we can observe C wave of the bigger 2 wave (coloured blue). In accordance with our wave rules and taking into account that the wave C is as equal as wave A, we can define the potential targets with Fibonacci extensions (1.6061-1.5804-1.5930); the First Take Profit at 1.5771 (61.8% of wave A) and Second Take Profit at 1.5673 (100% of wave A). For Stop Loss we can use the resistance level at 1.5910. Also it is necessary to consider the data concerning the U.S. IBD/TIPP economic optimism, wholesale inventories m/m, FOMC member Lockhart Speech and EU Sentix Investor Confidence that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.5802 (S2) 1.5832 (S1) 1.5850 (PP) 1.5880 (R1) 1.5910 (R2) 1.5928 (R3) 1.5958

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. That is why Short positions at level 1.5870 with Stop Loss at 1.5910,Take Profit 1 at 1.5771 and Take Profit 2 at 1.5673 are recommended.

[NDelic]

AUDUSD_-_Primary_Analysis_-_Apr-13_0951_AM_(90_min)_source!.jpg
AUD/USD Elliott Wave
The AUD/USD pair was trading within the upward move yesterday. During the early European session we could observe strong ascending move in a 3 wave to the 1.0410 level. Therefore during the New York session we could observe the continuation of a bullish mood and price reaching 1.0450 level. Today during the early Asian session the AUD/USD pair push one more time and with that move we finished 3 wave (coloured pink) in the point 1.0451.the AUD/USD start descending move after bad CNY GDP result, we are expecting to see this pair higher today during the New York session. Presently we are in 4 wave (coloured pink).In accordance with our wave rules and taking into account that the wave 5 is equal to the wave 1, we can define the potential targets to the First Take Profit at 1.0468 (78.6% of wave 1) and Second Take Profit at 1.0491 (100% of wave 1). For Stop Loss we can use the invalidation point at 1.0332.Also it is necessary to consider the data concerning the U.S PPI m/m, Trade Balance, Unemployment Claims, Core PPI m/m and FOMC Member Lockhart Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0242 (S2) 1.0300 (S1) 1.0336 (PP) 1.0395 (R1) 1.0453 (R2) 1.0489 (R3) 1.0548

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 1.0390 with Stop Loss at 1.0332, Take Profit 1 at 1.0468 and Take Profit 2 at 1.0491 are recommended.

[NDelic]

USDCAD_-_Primary_Analysis_-_Apr-13_0953_AM_(90_min)_source!.jpg
USD/CAD Elliott Wave Analysis
Yesterday the USD/CAD pair was trading within the downward move. During the European session we could observe strong descending move toward to 200EMA support. Therefore during the New York session this major continue pushing in a bearish mood and we can see price at 0.9940 level. We can consider this move as the end of wave 3 (coloured blue).Today during the Asian session we could observe a pullback to 0.9960 level, and we are expecting to see price at 0.9980 today. Presently we are in corrective 4 wave (coloured blue). In accordance with our wave rules and taking into account that the wave 4 will be equal as wave 2, we can define the potential targets; the First Take Profit at 0.9969(78.6% of wave 2) and Second Take Profit at 0.9978 (100% of wave 2). For Stop Loss we can use the 0.9940 resistance level. Also it is necessary to consider the data concerning the CAD Trade Balance, NHPI m/m and USD PPI m/m, Trade Balance, Unemployment Claims, Core PPI m/m, FOMC Member Lockhart Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9874 (S2) 0.9913 (S1) 0.9936 (PP) 0.9974 (R1) 1.0013 (R2) 1.0036 (R3) 1.0074

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. That is why Short position at levels 0.9950 with Stop Loss at 0.9940,Take Profit 1 at 0.9969 and Take Profit 2 at 0.9978 are recommended.

[NDelic]

AUDUSD_-_Primary_Analysis_-_Apr-16_0954_AM_(90_min)_source!.jpg
AUD/USD Elliott Wave
Last week the AUD/USD has finished 1 wave (coloured blue) in the point 1.0450. During the Friday's trading day we could observe the development of the 2 wave (coloured blue). We could observe the descending movement in the Europe and New York session price broke 50 EMA support and pushed to 1.0360 level. During the early Asian session the AUD/USD pair continued the bearish mood and we could see price at the 1.0310 level. We can consider this move as the end of 2 wave (coloured blue). Presently we can observe the beginning of the 3 wave (coloured blue). In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0224-1.0450-1.0310); the First Take Profit at 1.0623 (138.2% of wave 1) and Second Take Profit at 1.0676 (161.8% of wave 1). For Stop Loss we can use the invalidation point at 1.0224. Also it is necessary to consider the data concerning the U.S Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, TIC Long-Term Purchases, Business Inventories m/m and FOMC Member Pianalto Speaks that can affect the rate of the pair

Support and Resistance levels
(S3) 1.0295 (S2) 1.0332 (S1) 1.0355 (PP) 1.0392 (R1) 1.0429 (R2) 1.0452 (R3) 1.0489

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long positions at level 1.0350 with Stop Loss at 1.0224, Take Profit 1 at 1.0623 and Take Profit 2 at 1.0676 are recommended.

[NDelic]

USDCAD_-_Primary_Analysis_-_Apr-16_0956_AM_(1_hour)_source!.jpg
USD/CAD Elliott Wave
Last week the USD/CAD pair was developing the impulsive wave (i) (coloured green). During the Friday's European session we could observe t he descending movement toward 0.9926 level. We can consider this move as 5 wave (coloured blue) of the bigger (i) wave (coloured green). Therefore, we can observe the fact that the price has started pushing higher during the New York session, the USD/CAD pair finish last week in the point 0.9993. Today during the early Asian session we could observe the continuation of the bullish mood and price reached 1.0000 level. Presently we can observe the end of the A wave (coloured blue). Presently the USD/CAD pair is expected to decrease. In accordance with our wave rules and taking into account that the wave B retraces 50% of the wave A, we can define the potential targets with Fibonacci retracement (0.9925-1.0010); the First Take Profit at 0.9967 (50% of wave A) and Second Take Profit at 0.9944 (78.6% of wave A). For Stop Loss we can use the support level 1.0051. Also it is necessary to consider the data concerning the CAD Foreign Securities Purchases and USD Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, TIC Long-Term Purchases, Business Inventories m/m, FOMC Member Pianalto Speaks that can affect the rate of the pair

Support and Resistance levels
(S3) 0.9903 (S2) 0.9929 (S1) 0.9945 (PP) 0.9971 (R1) 0.9997 (R2) 1.0013 (R3) 1.0039

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the downward movement. That is why short positions at level 1.0000 with Stop Loss at 1.050 and Take Profit at 0.9944 are recommended.