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Wave Analysis 26.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

26.04.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from the upside border of the diagonal triangle and probably finished the wave [a]. Consequently, in the nearest future the market may fall in the wave (a) of [b].

More detailed structure is shown on the H1 chart. It looks like the pair completed the wave [5] of v, which means that the price may start a new descending correction. On Wednesday, the market may fall in the wave i.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still forming the ascending impulse in the wave C of (4). Earlier, the price competed the zigzag in the wave B. In the nearest future, the market may continue growing in the wave [iii] of C.

As we can see at the H1 chart, the wave (iv) took the form of the triangle, which means that the pair may start a short-term growth in the wave (v) of [iii]. However, considering that the wave (iii) was pretty fast, the impulse in the wave (v) may be truncated.

 

USD JPY, “US Dollar vs Japanese Yen”

After completing the double zigzag in the wave 2, the USD/JPY pair resumed growing. It looks like right now the price is forming the bullish impulse in the wave (i). During the next several days, the market may continue its growth accompanied by local corrections.

At the H1 chart, the pair is extending the wave [3] of iii pretty fast. Later, after finishing the local correction, the market may is expected to continue moving upwards.

 

AUD USD, “Australian Dollar vs US Dollar”

After completing the zigzag in the wave [e] of 4, the AUD/USD pair finished waves [i] and [ii] and resumed falling. In the future, the market may move downwards in the wave (iii) of [iii].

More detailed structure is shown on the H1 chart. the wave (ii) took the form of the zigzag and was followed by the impulse in the wave i. It’s highly likely that during the next several days the market may fall in the wave iii of (iii).

 

RoboForex Analytical Department

 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.



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