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Wave Analysis 28.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

28.04.2017

EUR USD, “Euro vs US Dollar”

At the H4 chart, the EUR/USD pair is about to finish the diagonal triangle in the wave [a]. If the market rebounds from the pattern’s upside border, the price may start falling in the wave (a) of [b].

More detailed structure is shown on the H1 chart. The pair is about to complete the ascending wave v of (v). Earlier, the price finished the extension in the wave iii. Possibly, on Friday the market may start falling in the wave (a).

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is about to complete the extended wave [iii] of C in the zigzag (4). Consequently, in the nearest future the market may start falling in the correctional wave [iv].

As we can see at the H1 chart, the pair is finishing the third wave in the wave (v). After completing the local correction, the price may form another impulse, this time in the wave v. Later, after finishing the wave (v) of [iii]. the market may start a new correction.

 

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 almost completed the extension in the wave [3] of iii. However, after finishing the local correction, the market is expected to continue moving upwards in the wave iii of (i).

 

AUD USD, “Australian Dollar vs US Dollar”

After completing the horizontal triangle in the wave 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. It looks like pair is about to complete the wave iv. Earlier, the price finished the extension in the wave iii. Consequently, later the market may form resume moving downwards in the wave v 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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