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  • AUD/USD analysis for March 15, 2013

    AUD/USD Elliott Wave   Since our last analysis the AUD/USD pair was trading upwards, just like we expected, impulsive wave 3 (coloured blue) of the bigger (3) wave (coloured green) was developing. Yesterday, during the European session we could observe ascending movement from 1.0336 towards the 1.0400 level and we can consider this movement as the end of the (5) wave (coloured pink) of the bigger 4 wave (coloured ...

    Posted at March 15, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD analysis for March 15, 2013

    USD/CAD Elliott Wave  For the last few days the USD/CAD pair was trading downwards, corrective wave Y (coloured blue) of the bigger wave (4) (coloured green) was developing. Yesterday, during the Asian and European sessions we could observe strong descending movement from 1.0276 towards the 1.0211 level. Therefore, during the New York session this commodity currency did not manage to hold this level and the price retraced back to ...

    Posted at March 15, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/JPY technical analysis for March 14, 2013

    Overview: EUR/JPY's subsequent sharp fall suggests that decline from 126.00 a month ago had resumed to 122.20 (strong support). It should also be noted that the price is still trapped between 125.20-123.26 and it has been set below strong resistance at the level of 126.00. The pair has already formed a strong resistance at the level of 126.00 and it is now approaching it in order to test it. Therefore the fact that apan's yen ...

    Posted at March 14, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/JPY Elliott Wave analysis for March 14, 2013

    Today's support and resistance levels: S1: 123.80             R1: 124.64 S2: 123.43             R2: 125.25 S3: 122.62             R3: 125.78 Technical overview: We are still looking for a minor decline towards 123.80 in wave ii of 5. At 123.80, wave ii of 5 will have reached the bottom of wave four of one lessor degree, which is a very common target ...

    Posted at March 14, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD technical analysis for March 14, 2013

    RECOMMENDATION: SELL stop (pending order) at 1.2949. Take profit at 1.2935. Stop loss at 1.2959. Alternative: BUY stop (pending order) at 1.2976. Take profit at 1.2990. Stop loss at 1.2966.     Best regards, Arief Makmur Official Analyst of InstaForex Companies Group InstaForex Companies Group http://instaforex.com Email: [email protected] Yahoo Messenger & Skype : Arief.ifx_jakarta blog.mt5.com/arief http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well ...

    Posted at March 14, 2013 | By : | Categories : Forex Analysis | 0 Comment