Wave Analysis for April 15, 2011

AUD/USD Elliott Wave and Fibonacci Level Number - April 15, 2011

AUD/USD develops the potential fifth wave of the medium-term uptrend - King Blue on the chart. 5 A wave above 1.0580 is required to warrant a pause. For a short time, these waves contain the ABC subwave (colored magenta in the diagram), and the C subwave continues to evolve. Growth targets are 0.9709-1.01313-1.0204 (wave 1-2), 1.0204-1.0580-1.0389 (wave 3-4), 1.0389-1.0538-1.0457AB (golf) Fibonacci X low.

Prevention:

- 1 0577 = Objectives of the contract (COP)
- 1.0606 = Object Point (OP)
- 1.0621 = Colombian pesos
- 1.0698 = Extended Object Point (XOP)

If prices continue to fall, there will be immediate support for the Fibonacci retracement between 1.0457-1.0558, 1.0389-1.0558, 1.0204-1.0580.

Support for:

- 1.0508 = .50 withdrawal
- 1.0496-93 = .618 and .382 connection area in retreat
- 1.0474 = 0.50 ret
- 1.0454 = .618 ret

Extra Buy / Oversell

Suppose the mid-term trend is rising (the wave is getting higher and higher), the subtracted oscillator falls below zero (current price), or in the extreme selling range (20-30 pips lower). Current price: it is about 1.0508 Fib support).



Portrayed by analyst Roman Molodyashin
InstaForex Group of Companies © 2007-2011

GBP/JPY Elliott Wave Number and Fibonacci Level - April 15, 2011

GBP/JPY develops the fourth corrective wave of the medium-term uptrend: King Blue on the chart. There are 2 subwaves (AB) within wave 4 and subwave B is still evolving – the magenta color in the diagram. Upside targets are Fibonacci decline 139.93-135.19 and 122.49-133.04-130.18 (wave 1-2), 130.18-139.919 (if above 139.93).

Prevention:

- 137.00 = .382 retired
- 137.56 = 0.50 ret
- 138.12 = 0.618 ret
- 140.73 = Target Point (OP)
- 141.22 = Object of the contract (COP)

If prices continue to fall, immediate support will be Fibonacci 130.18-139.93, Dips 122.49-139.93 and Extensions 139.93-135.19-136.96.

Support for:

- 135.06 = 0.50 withdrawal
- 134.03-133.90 = COP and .618 connection area withdrawal
- 133.27 = 0.382 ret
- 132.22 = PO

Extra Buy / Oversell

If a larger wave (correction sub-wave B) moves up, it is more appropriate to open long positions when the declining oscillator falls below zero (current price) or falls into the extreme sell area (10-30 pips).



Portrayed by analyst Roman Molodyashin
InstaForex Group of Companies © 2007-2011

EUR/USD wave analysis for April 15, 2011

Overall, the EUR/USD currency pair fell to a 38.2% correction level during yesterday's trading; Then, at the end of the day, it reaches the 45-digit level and tries to continue the growth. Therefore, the price probably completed the formation of the 4th wave (at 5). If so, such a retrograde price rise is the beginning of the fifth wave (5-A), while this wave 5 targets over a fairly wide range of levels may be slightly above the 45-digit level. And up to the 1.4700 level.



Conducted by analyst Alexander Dneprovsky
InstaForex Group of Companies © 2007-2011

USD/JPY wave analysis for April 15, 2011

Yesterday, the USD/JPY currency pair continued to fall, testing the 50.0% correction level during the European session. At the same time, all the downward movements, which began on April 6, took on the characteristics of a five-wave structure. Therefore, it can be assumed that the internal wave structure of the fourth wave will be more complex and longer. At the same time, we should not rule out the possibility of returning the bearish movement of the pair to levels below the 77-digit level.



Conducted by analyst Alexander Dneprovsky
InstaForex Group of Companies © 2007-2011


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