Daily Wave Analysis from InstaForex

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-09_0916_AM_(1_hour)_source!.jpg

Market Overview
Yesterday the AUD/USD pair was trading within the upward movement. During the European session the major started an ascending movement to the 1.0668 level. Therefore, during the New York session the USD/CAD pair decreased by 80 pips before the price had continued the bullish mood.The USD/CAD pair has finished Thursday's New York session around 1.0643 level. Today during the Asian session we could observe the sideways movement in the AUD/USD pair. Today the AUD/USD pair is expected to test the 1.0700 level, but it is also necessary to consider the data on the USA Non-Farm Employment Change, Trade Balance and Unemployment Rate.

Support and Resistance levels
(S3) 1.0476 (S2) 1.0528 (S1) 1.0561 (PP) 1.0614 (R1) 1.0666 (R2) 1.0699 (R3) 1.0752

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished the 3 wave of bigger wave (1) in the point 1.0668 and wave 4 in triangle at the 1.0622.In accordance with our wave rules and taking into account that the wave 5 will be equal as wave 1, we can define the potential targets to 1.0697(100% of 1 wave). For Stop Loss we can use 1.0600 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 1.0640 with Stop Loss at 1.0600 and Take Profit at 1.0697 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-09_0920_AM_(45_min)_source!.jpg

Market Overview
Yesterday the USD/CAD pair was trading within the downward movement. During the European session the major started the descending movement to the point 0.9942. During the New York session the USD/CAD pair increased by 20 pips before price had fined resistance at 100EMA and continued the bearish mood to the point 0.9891.Today during the Asian session we could observe the sideways move.Today the USD/CAD pair is expected to test the 0.9950 level, but it is also necessary to consider the data on the USA Non-Farm Employment Change, Trade Balance, Unemployment Rate and CAD Employment Change, Unemployment Rate, Trade Balance, as it can affect the rate of the pair.


Support and Resistance levels
(S3) 0.9832 (S2) 0.9869 (S1) 0.9892 (PP) 0.9929 (R1) 0.9966 (R2) 0.9989 (R3) 1.0026

USD/CAD Elliott Wave Analysis
The USD/CAD has finished a corrective wave b of the bigger (a) wave in the point 0.9890. Presently we can observe the start of the wave c. In accordance with our wave rules and taking into account that the wave c will be equal as wave a,we can define the potential targets with help of Fibonacci extension (0.9842-1.0027-0.989): Take Profit is to be placed at 0.9983 level (50% of a wave),Take Profit 2 is to be placed at 1.0005 level (61.8% of a wave) . For Stop Loss we can use the support level 0.9850.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin the upward movement. That is why long position at levels 0.9920 with Stop Loss at 0.9850, Take Profit at 0.9983, Take Profit 2 at 1.0005 are recommended

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-13_1200_PM_(90_min)_source!.jpg
Market Overview
Yesterday the AUD/USD pair was trading within the downward movement. During the Asian session the major started the descending movement to the 1.0517 level. Therefore, during the early European session we could observe a slight pullback to 1.0540 before the AUD/USD pair continued the movement within the bearish mood. The AUD/USD pair finished Monday's trading session at 1.0500 level.Today in the early Asian session we could observe the bullish mood to the 1.0560 level. Today the AUD/USD pair is expected to test 1.0480 before we can see price at 1.0600 level. Also it is necessary to consider the data concerning the USD Core Retail Sales m/m,Retail Sales m/m and FOMC Statement that could affect the rate of the pair.

Support and Resistance levels
(S3) 1.0420 (S2) 1.0459 (S1) 1.0482 (PP) 1.0521 (R1) 1.0560 (R2) 1.0583 (R3) 1.0622

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished the wave A within 5 impulse wave that goes downside to the point 1.0473. Presently we can observe the first corrective wave A of the bigger wave B. In accordance with our wave rules and taking into account that the wave B will retrace 61.8 or 78.6% of the wave A we can define the potential targets with the help of Fibonacci retracement (1.0855-1.0473) with first Take Profit at level 1.0709 (61.8% of the wave A) and second Take Profit at 1.0774 (78.6% of the wave A). For Stop Loss we can use 0.1.0473 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 1.0645 with Stop Loss at 1.0473, Take Profit at .1.0709 and Take Profit 2 at 1.0774 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-13_1203_PM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading within the upward movement. During the Asian session the major started an ascending movement to the 0.9928 level (50 EMA). The USD/CAD pair did not manage to hold this level and price start pushing lower to the 0.9898 level in the European session.Therfore during the New York session we could observe continuation of the bullish mood and price reached a new daily high at 0.9945.Today in the Asian session we could observe downward movement in this major pair and price under 0.9895.Today the USD/CAD pair is expected to test 0.9950 level.Also it is necessary to consider the data concerning the USD Core Retail Sales m/m,Retail Sales m/m and FOMC Statement that could affect the rate of the pair.

Support and Resistance levels
(S3) 0.9874 (S2) 0.9892 (S1) 0.9904 (PP) 0.9923 (R1) 0.9941 (R2) 0.9953 (R3) 0.9972

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished the wave 1 of the biggerwave C in the point 0.9946 and the wave 2 in the point 0.9893. Presently we can observe the beginning of the wave 3 included in the bigger wave C. In accordance with our wave rules and taking into account that the wave 3 retraces 138.2 or 161.8% of the wave 1 we can define the potential targets with the help of Fibonacci extensions (0.9871-0.9946-0.9893) with first Take Profit at level 0.9996(138.2% of wave (1)) and second Take Profit at 1.0014 (161.8% of wave (1)). For Stop Loss we can use the invalidation point at 0.9871 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 0.9925 with Stop Loss at 0.9871, Take Profit at 0.9996 and Take Profit 2 at 1.0014 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-13_1203_PM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading in the downward movement. During the European session the major started descending to the 0.9888 level.Therefore during the New York session we could observe slightly upward movement to the 0.9925 (100 EMA resistance) level before we saw continuation of bearish mood.Today in the Asian session we could observe a strong bullish mood in this major pair to 0.9900 level.Today the USD/CAD pair is expected to test 0.9955 level before we can see this major lower. Also it is necessary to consider the data concerning the USD Fed Chairman Bernanke Speach, Crude Oil Inventories and CAD Capacity Utilization Rate that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9854 (S2) 0.9872 (S1) 0.9883 (PP) 0.9900 (R1) 0.9918 (R2) 0.9929 (R3) 0.9946

USD/CAD Elliott Wave Analysis
USD/CAD has finished 1 wave of the bigger C wave in the point 0.9946, and 2 wave in the point 0.9871.Presently we can observe 3 wave. In accordance with our wave rules and taking into account that the wave 3 will retrace to 138.2 or 161.8% of the wave 1 we can define the potential targets with the help of Fibonacci retracement (0.9872-0.9946-0.9871) with first Take Profit at level 0.9984 (138.2% of the wave 1) and second Take Profit at 1.0002 (161.8% of the wave 1). For Stop Loss we can use 0.9870 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 0.9900 with Stop Loss at 0.9870, Take Profit at 0.9984 and Take Profit 2 at 1.0002 are recommended.

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-14_1043_AM_(90_min)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading in the downward movement. During the European session the major started descending to the 0.9888 level.Therefore during the New York session we could observe slightly upward movement to the 0.9925 (100 EMA resistance) level before we saw continuation of bearish mood.Today in the Asian session we could observe a strong bullish mood in this major pair to 0.9900 level.Today the USD/CAD pair is expected to test 0.9955 level before we can see this major lower. Also it is necessary to consider the data concerning the USD Fed Chairman Bernanke Speach, Crude Oil Inventories and CAD Capacity Utilization Rate that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9854 (S2) 0.9872 (S1) 0.9883 (PP) 0.9900 (R1) 0.9918 (R2) 0.9929 (R3) 0.9946

USD/CAD Elliott Wave Analysis
USD/CAD has finished 1 wave of the bigger C wave in the point 0.9946, and 2 wave in the point 0.9871.Presently we can observe 3 wave. In accordance with our wave rules and taking into account that the wave 3 will retrace to 138.2 or 161.8% of the wave 1 we can define the potential targets with the help of Fibonacci retracement (0.9872-0.9946-0.9871) with first Take Profit at level 0.9984 (138.2% of the wave 1) and second Take Profit at 1.0002 (161.8% of the wave 1). For Stop Loss we can use 0.9870 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 0.9900 with Stop Loss at 0.9870, Take Profit at 0.9984 and Take Profit 2 at 1.0002 are recommended.

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-15_0924_AM_(90_min)_source!.jpg

Market Overview
Yesterday the AUD/USD pair was trading within downward movement. During the European session the major started ascending movement to the 1.0465 level.Therefore during the New York session we could observe continuation of bearish mood and price reaching a new 8 weeks low at 1.0427 level.Today at the Asian session we could observe upward movement of this major pair and price above 1.0500 level.Today the AUD/USD pair is expected to test 200 EMA Resistance at 1.0565 level. Also it is necessary to consider the data concerning the USD PPI m/m, Unemployment Claims,TIC Long-Term Purchases and Philly Fed Manufacturing Index that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0352 (S2) 1.0401 (S1) 1.0430 (PP) 1.0479 (R1) 1.0528 (R2) 1.0557 (R3) 1.0606

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished the wave (5) of the bigger corrective wave A in the point 1.0422.Presently we can observe start of corrective wave B.In accordance with our wave rules and taking into account that the wave B will retrace to 61.8 or 78.6% of the wave A we can define the potential targets with the help of Fibonacci retracement (1.0855-1.0422) with first Take Profit at level 1.0690 (61.8% of the wave A) and second Take Profit at 1.0763 (78.6% of the wave A). For Stop Loss we can use 1.0420 support level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an upward movement. That is why long positions at levels 1.0500 with Stop Loss at 1.0420, Take Profit at 1.0690 and Take Profit 2 at 1.0763 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-15_0929_AM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading in the upward movement. During the European session the major started ascending to the 0.9938 level.Therefore during the start of the New York session we could observe downward movement to the 0.9885 level before we saw continuation of bullish mood.The USD/CAD finished trading day at 0.9930 level.Today during the early Asian session we could observe the bearish movement after we saw price test 0.9945 resistance line. Today USD/CAD is expected to test 1.0000 level. Also it is necessary to consider the data concerning the USD PPI m/m, Unemployment Claims,TIC Long-Term Purchases and Philly Fed Manufacturing Index that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9853 (S2) 0.9877 (S1) 0.9892 (PP) 0.9917(R1) 0.9941 (R2) 0.9956 (R3) 0.9981

USD/CAD Elliott Wave Analysis
The USD/CAD has finished wave (1) of the bigger C wave in the point 0.9946 and wave (2) in the point 0.9871. Presently we can observe 3 wave. In accordance with our wave rules and taking into account that the wave 3 will retrace to 138.2 or 161.8% of the wave 1 we can define the potential targets with the help of Fibonacci retracement (0.9872-0.9946-0.9871) with first Take Profit at level 0.9984 (138.2% of the wave (1)) and second Take Profit at 1.0002 (161.8% of the wave (1)). For Stop Loss we can use 0.9870 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 0.9930 with Stop Loss at 0.9870, Take Profit at 0.9984 and Take Profit 2 at 1.0002 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-16_1039_AM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading in the downward movement. During the European session the major started the descending movement towards the 0.9915 level.Therefore, in the eraly New York session we could observe the upward movement towards the 0.9948 level before the continuation of the bearish mood.The USD/CAD pair finished the trading day at daily low at 0.9918 level.Today during the early Asian session we could observe the bullish movement to the 0.9940 line. Today the USD/CAD pair is expected to test 1.0000 level. Also it is necessary to consider the data concerning the USD Core CPI m/m, Prelim UoM Consumer Sentiment and CAD Foreign Securities Purchases, Manufacturing Sales m/m that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9882 (S2) 0.9898 (S1) 0.9908 (PP) 0.9925 (R1) 0.9941 (R2) 0.9951 (R3) 0.9968

USD/CAD Elliott Wave Analysis
The USD/CAD has finished the wave 1 of the bigger C wave in the point 0.9946 and wave 2 in the point 0.9871. Presently we can observe the wave 3. In accordance with our wave rules and taking into account that the wave 3 retraces 138.2 or 161.8% of the wave 1, we can define the potential targets with the help of Fibonacci retracement (0.9872-0.9946-0.9871) with first Take Profit at level 0.9984 (138.2% of the wave (1)) and second Take Profit at 1.0002 (161.8% of the wave (1)). For Stop Loss we can use 0.9905 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 0.9940 with Stop Loss at 0.9905, Take Profit at 0.9984 and Take Profit 2 at 1.0002 are recommended.

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-16_1035_AM_(90_min)_source!.jpg
Market Overview
Yesterday the AUD/USD pair was trading within upward movement. During the European session the major started the ascending movement to the 1.0529 level. Therefore during the New York session we could observe the continuation of the bullish mood and price reaching the daily high at 1.0555 level. The AUD/USD pair did not manage to hold this level and at the end of NY session we saw pullback in this major pair to 1.0525 level.Today during the Asian session we could observe upward movement of this pair and price test resistance level (yesterday's high)Today the AUD/USD pair is expected to brake above 200 EMA resistance level and test 1.6000 level. Also it is necessary to consider the data concerning the USD Core CPI m/m and Prelim UoM Consumer Sentiment that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0370 (S2) 1.0420 (S1) 1.0451 (PP) 1.0501 (R1) 1.0551 (R2) 1.0582 (R3) 1.0632

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished the wave (5) of the bigger corrective wave A in the point 1.0422. Presently we can observe the beginning of the corrective wave B. In accordance with our wave rules and taking into account that the wave B retraces 61.8 or 78.6% of the wave A, we can define the potential targets with the help of Fibonacci retracement (1.0855-1.0422) with first Take Profit at level 1.0690 (61.8% of the wave A) and second Take Profit at 1.0763 (78.6% of the wave A). For Stop Loss we can use 1.0470 support level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an upward movement. That is why long positions at levels 1.0550 with Stop Loss at 1.0470, Take Profit at 1.0690 and Take Profit 2 at 1.0763 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-19_1031_AM_(1_hour)_source!.jpg
Market Overview
On Friday during the European session the USD/CAD pair was trading in a upward trend and reached resistance level 0.9940. During the New York session the USD/CAD pair pushed 40 pips lower before the price continued the movement within the bullish mood. The USD/CAD pair finished Friday's deals at 0.9918 level. Today in the early Asian session we could observe the USD/CAD pair trading in the bullish mood.Today the USD/CAD pair is expected to test 0.9950 level.Also it is necessary to consider the data concerning the CAD Wholesale Sales m/m that could affect the rate of the pair.

Support and Resistance levels
(S3) 0.9878 (S2) 0.9894 (S1) 0.9903 (PP) 0.9918 (R1) 0.9934 (R2) 0.9943 (R3) 0.9958

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished the wave 1 (colored pink) of the bigger C wave (colored blue) in the point 0.9946 and wave 2 (colored pink) in the point 0.9880. Presently we can observe the extended wave 3 (colored pink). 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 help of Fibonacci extension (0.9871-0.9946-0.9880) with first Take Profit at level 0.9984 (138.2% of the wave 1) and second Take Profit at 1.0000 (161.8% of the wave 3). For Stop Loss we can use the invalidation point at level 0.9871.

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 0.9871, Take Profit at 0.9984 and Take Profit 2 at 1.0000 are recommended.

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-19_1029_AM_(90_min)_source!.jpg
Market Overview
On Friday during the European session the AUD/USD pair was trading in a downward trend and reached the support level 1.0510 (50 EMA). During the New York session the AUD/USD pair pushed to the 1.0597 level (4 Days high). The AUD/USD pair has finished Friday's trading day few pips lower at 1.0588 level.Today during the Asian session we could observe the continuation of the bullish mood. After RBA Gov Stevens Speaks we saw this major pair hitting new high at 1.0619 level. Today the AUD/USD is expected to test the 1.500 support level.

Support and Resistance levels
(S3) 1.0477 (S2) 1.0511 (S1) 1.0531 (PP) 1.0565 (R1) 1.0599 (R2) 1.0619 (R3) 1.0653

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished the wave A (colored pink) of the bigger wave B (colored blue) in the point 1.0619. Presently we can observe the beginning of the wave B (colored pink). In accordance with our wave rules and taking into account that the wave B retraces 50% or 61.8% of the wave A we can define the potential targets with the help of Fibonacci retracement (1.0422-1.0619) with First Take Profit at 1.0522 (50% of wave (A)) and Second Take Profit at 1.0498(61.8% of wave (A)). For Stop Loss we can use 1.0620 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 1.0570 with Stop Loss at 1.0620, Take Profit at 1.0522 and Take Profit 2 at 1.0498 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-20_0955_AM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading within the downward movement. During the European session the major started the ascending movement towards the 0.9930 level.Therefore, in the early New York session we could observe the downward movement towards the 0.9860 level. The USD/CAD pair finished the trading day few pips above daily low at 0.9875 level.Today during the early Asian session we could observe the bullish movement to the 0.9890 line. Today the USD/CAD pair is expected to test 0.9950 level. Also it is necessary to consider the data concerning the USD Building Permits, Housing Starts, Treasury Sec Geithner Speaks and Fed Chairman Bernanke Speaks affect the rate of the pair.

Support and Resistance levels
(S3) 0.9816 (S2) 0.9843 (S1) 0.9860 (PP) 0.9886 (R1) 0.9913 (R2) 0.9930 (R3) 0.9956

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished the B wave (colored blue) in the point 0.9860 level. Presently we can observe the start of the wave C (colored blue). Proceeding from our wave rules and considering that the wave C is equal to the wave A, we can define the potential targets with the help of Fibonacci retracement (0.9842-1.0027-0.9860) with first Take Profit at level 1.0005 (78.6% of the wave A) and second Take Profit at 1.0044 (100% of the wave A). For Stop Loss we can use 0.9860 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 0.9920 with Stop Loss at 0.9860, Take Profit at 1.0005 and Take Profit 2 at 1.0044 are recommended.

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-20_0950_AM_(90_min)_source!.jpg
Market Overview
Yesterday the AUD/USD pair was trading within upward movement. During the European session the major started the descending movement to the 1.0530 support level. Therefore during the New York session we could observe the bullish mood; the price has reached the new daily high at 1.0635 level. The AUD/USD pair did not manage to hold this level and at the end of New York session we saw a pullback towards the 1.0605 level. Today during the Asian session we could observe strong downward movement of this pair and price test 1.0520 support level. Today the AUD/USD pair is expected to test 1.0600 level again. Also it is necessary to consider the data concerning the USD Building Permits, Housing Starts, Treasury Sec Geithner Speaks and Fed Chairman Bernanke Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0522 (S2) 1.0552 (S1) 1.0571 (PP) 1.0601 (R1) 1.0631 (R2) 1.0650 (R3) 1.0680

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished the wave A (colored pink) of the bigger wave B (colored blue) in the point 1.0619. Presently we can observe the end of the wave B (colored pink). 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 help of Fibonacci retracement (1.0422-1.0619-1.0469); the first Take Profit is to be placed at level 1.0599 (61.8% of the wave A), the second Take Profit at 1.0681 (100% of the wave A). For Stop Loss we can use the support level 1.0450.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an upward movement. That is why long positions at levels 1.0500 with Stop Loss at 1.0450, Take Profit at 1.0599 and Take Profit 2 at 1.0681 are recommended.

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

[NDelic]

EURUSD_-_Primary_Analysis_-_Mar-22_0949_AM_(90_min)_source!.jpg
Market Overview
Yesterday the EUR/USD pair was trading downwards. During the European session the major started a descending movement to the 1.3215 level (50 EMA support). Therefore, during the New York session we could observe the euro – U.S. dollar pair slightly higher before price continued with the bearish mood to the new daily low – to 1.3177, EUR/USD did not manage to hold this level and at the end of the New York session we could observe the price returning back to 50EMA.Today during the Asian session we could observe an upward move to 1.3250. Today the EUR/USD pair is expected to test 1.3100 level. We saw bad news from Europe today.
Still it is also necessary to consider the data concerning the GBP Retail Sales m/m , EUR Industrial New Orders m/m and USD Unemployment Claims that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.3119 (S2) 1.3160 (S1) 1.3185 (PP) 1.3226 (R1) 1.3267 (R2) 1.3292 (R3) 1.3333

EUR/USD Elliott Wave Analysis
The EUR/USD pair has finished i wave (colored blue) of the bigger (iii) wave (colored green) in the point 1.3284. Presently we can observe end of ii wave (colored blue). Proceeding from our wave rules and considering that the wave iii will retrace 161.8% of i wave, we can define the potential targets with the help of Fibonacci extension (1.3003-1.3284-.1.3133) with first Take Profit at level 1.3409 (100% of the wave i) and second Take Profit at 1.3583 (161.8% of the wave i). For Stop Loss we can use 1.3100 support level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an upward movement. That is why long positions at levels 1.3200 with Stop Loss at 1.3100,Take Profit 1.3409 and Take Profit 2 at 1.3583 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-22_0945_AM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading upwards. During the European session the major started a descending movement to the 0.9873 level. Therefore, during the New York session we could observe strong bullish mood and price reaching new daily high at 0.9934.
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 to return back to 200 EMA around 0.9915 level. Today during the Asian session we could observe an upward move to 0.9940 level. Today the USD/CAD pair is expected to test 1.0000 level. Also it is necessary to consider the data concerning the CAD Core Retail Sales m/m, Retail Sales m/m and USD Unemployment Claims that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9849 (S2) 0.9872 (S1) 0.9886 (PP) 0.9910 (R1) 0.9933 (R2) 0.9947 (R3) 0.9971

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished 1 wave (colored pink) of the bigger C wave (colored blue) in the point 0.9968, and 2 wave (colored pink) in the point 0.9873. Presently we can observe 3 wave (colored pink). Proceeding from our wave rules and considering that the wave 3 will retrace 161.8% of 1 wave, we can define the potential targets with the help of Fibonacci extension (0.9859-0.9968-0.9873) with first Take Profit at level 1.0023 (138.2% of the wave 1 and second Take Profit at 1.0049 (161.8% of the wave 1). For Stop Loss we can use 0.9910 support level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an upward movement. That is why long positions at levels 0.9950 with Stop Loss at 0.9910,Take Profit 1.0023 and Take Profit 2 at 1.0049 are recommended.

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-23_0949_AM_(90_min)_source!.jpg
Market Overview
Yesterday the AUD/USD pair was trading within a downward movement. During the European session the major started a descending movement to the 1.0355 level. Therefore, during the New York session we could observe the continuation of the bearish mood; the price reached a new 9-weeks low at 1.0336. The AUD/USD pair did not manage to hold this level and at the end of the New York session the price has moved a bit higher towards1.0385 level. Today during the Asian session we could observe an upward movement to the 1.0420 level.The AUD/USD pair is expected to test 200EMA resistance at 1.0500 level today. Also it is necessary to consider the data concerning the USD New Home Sales that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0254 (S2) 1.0311 (S1) 1.0345 (PP) 1.0402 (R1) 1.0459 (R2) 1.0493 (R3) 1.0550

AUD/USD Elliott Wave Analysis
The AUD/USD pair has finished A wave (colored pink) of the bigger B wave (colored blue) in the point 1.0636 and wave B (colored pink) in the point 1.0335 level. Presently we can observe the beginning of the final C wave of the bigger B wave. Proceeding from our wave rules and considering that the wave C is equal to the A wave, we can define the potential targets with the help of Fibonacci extension (1.0422-1.0636-1.0335) with first Take Profit at level 1.0550 (100% of the wave A) and second Take Profit at 1.0650 (161.8% of the wave A). For Stop Loss we can use 1.0335 invalidation point.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an upward movement. That is why long positions at levels 1.0490 with Stop Loss at 1.0335,Take Profit 1.0550 and Take Profit 2 at 1.0650 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-23_0953_AM_(1_hour)_source!.jpg
Market Overview
Yesterday the USD/CAD pair was trading within the upward trend. During the European session the major started ascending movement to the 0.9960 level. Therefore, during the New York session we could observe the strong bullish mood; the price has reached the new daily high at 1.0007 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 0.9985 level. Today during the Asian session we could observe an upward move to the yesterday's high where this pair find resistance and has started to decline. Today the USD/CAD pair is expected to test 50EMA support before we can see price above 1.0000 again. Also it is necessary to consider the data concerning the CAD Core CPI m/m, CPI m/m and USD New Home Sales that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9871 (S2) 0.9908 (S1) 0.9931 (PP) 0.9968 (R1) 1.0005 (R2) 1.0028 (R3) 1.0065

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished 1 wave (colored pink) of the bigger C wave (colored blue) in the point 0.9968, and 2 wave (colored pink) in the point 0.9873. Presently we can observe end of wave 3 wave (colored pink). Proceeding from our wave rules and considering that the wave 3 will retrace 161.8% of 1 wave, we can define the potential targets with the help of Fibonacci extension (0.9859-0.9968-0.9873) with Take Profit at level 1.0049 (161.8% of the wave 1. For Stop Loss we can use 0.9960 support level.

Trading Forecast
Proceeding from Elliott Wave Rules, today the trend is expected to begin an upward movement. That is why long positions at levels 0.9980 with Stop Loss at 0.9960 and Take Profit 1.0049 are recommended.

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

[NDelic]

USDCAD_-_Primary_Analysis_-_Mar-26_1010_AM_(1_hour)_source!.jpg
Market Overview
On Friday during the European session the USD/CAD pair was trading within the upward movement and reached the resistance level 1.0030. During the New York session the USD/CAD pair retested this resistance level twice, having failed to hold it. Thus, the price pushed down to 0.9975 level.Today during the Asian session we could observe the bullish mood; the price reached the 0.9990 level. Today the USD/CAD pair is expected to test 0.9950 level. Also it is necessary to consider the data concerning the USD Fed Chairman Bernanke Speaks, Pending Home Sales m/m and CAD BOC Gov Carney Speaks that can affect the rate of the pair.

Support and Resistance levels
(S3) 0.9929 (S2) 0.9953 (S1) 0.9968 (PP) 0.9993 (R1) 1.0017 (R2) 1.0032 (R3) 1.0057

USD/CAD Elliott Wave Analysis
The USD/CAD pair has finished the wave A (colored blue) of the bigger wave B (colored green) in the point 0.9964. Presently we can observe the end of the wave B (colored blue). In accordance with our wave rules and taking into account that the wave B retraces at least 50% of the wave A, we can define the potential targets with the help of Fibonacci retracement (0.9841-1.0033) with First Take Profit at 0.9937 (50% of wave A) and Second Take Profit at 0.9915 (61.8% of wave A). For Stop Loss we can use the 1.0033 invalidation 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 1.0000 with Stop Loss at 1.0033, Take Profit at 0.9937 and Take Profit 2 at 0.9915 are recommended.

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

[NDelic]

AUDUSD_-_Primary_Analysis_-_Mar-26_1009_AM_(90_min)_source!.jpg
Market Overview
On Friday during the European session the AUD/USD pair was trading in an upward trend and reached the resistance level 1.0449 (100 EMA). During the New York session the AUD/USD pair pushed to the 1.0482 level (2 Days High). The AUD/USD pair has finished Friday's trading day few pips lower than the 1.0466 level. Today during the Asian session we could observe the bearish mood; the price reached the 1.0430 level.Today the AUD/USD pair is expected to test again the 1.0500 level. Also it is necessary to consider the data concerning the USD Fed Chairman Bernanke Speaks and Pending Home Sales m/m that can affect the rate of the pair.

Support and Resistance levels
(S3) 1.0330 (S2) 1.0372 (S1) 1.0398 (PP) 1.0440 (R1) 1.0482 (R2) 1.0508 (R3) 1.0550

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 1.0336 invalidation 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 1.0465 with Stop Loss at 1.0336, 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