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Wave Analysis 24.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

24.05.2017

EUR USD

Wave Analysis 24.05.2017 (EUR/USD)

Admittedly, a double zigzag within the wave [a] or [w] has been completed. After that a descending correction can occur. This correction will be confirmed when a bearish impulse in the direction of the wave (а) occurs.

 

Wave Analysis 24.05.2017 (EUR/USD)

The day before on the H1-chart a bullish impulse within the wave [5] of c was formed. Currently, a descending impulse within the wave i is being completed. Consequently, after the local correction is over, the market can lower even further within the wave iii of (a).

 

GBP USD

Wave Analysis 24.05.2017 (GBP/USD)

The extension within the wave [iii] has been completed. In the near-term, the pair can consolidate within the correction wave [iv]. After that a yet another bullish impulse within the wave [v] of C can be formed.

 

Wave Analysis 24.05.2017 (GBP/USD)

The H1-chart shows a more detailed analysis. It is very likely that a diagonal triangle within the wave (v) of [iii] was completed the day before. A correction is confirmed when the wave i of (a) of [iv] is completed successfully.

 

USD JPY

Wave Analysis 24.05.2017 (USD/JPY)

After the wave (ii) was supposedly over, the pair showed a further rise. Ранее был образован восходящий импульс в волне (i). Correspondingly, the pair can resume rising further and form a yet another bullish impulse within the direction of the wave (iii).

 

Wave Analysis 24.05.2017 (USD/JPY)

On the H1-chart, the day before the correction wave [2] was over and this triggered a further rise of the price within the impulse wave [3]. In the near-term, after the local correction is over, the market can rise higher.

 

AUD USD

Wave Analysis 24.05.2017 (AUD/USD)

The descending extension within the wave [iii] is being completed at the moment, and the 2nd wave has been formed already. In the short-run, the market can move downwards within the wave (iii) of [iii]. Consequently, in the near term the price can break through the low of the wave (i).

 

Wave Analysis 24.05.2017 (AUD/USD)

Yesterday the wave (ii) was completed which became a zigzag with a triangle within the wave b. In the course of the day the correction wave [2] can be over while the pair can resume falling in the direction of the wave [3].

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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