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Wave Analysis 27.09.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for September 27th, 2016

EUR USD, “Euro vs US Dollar”

Probably, the EUR/USD pair is about to finish the wave [ii]. Earlier, the price formed the wave (B) in the form of the triangle and the descending wedge in the wave [i]. Possibly, In the nearest future the market may resume falling.



As we can see at the H1 chart, the pair formed the zigzag in the wave [ii]. If later the price forms the descending impulse in the wave (i), the market may will resume moving downwards in the wave [iii].




GBP USD, “Great Britain Pound vs US Dollar”

In case of the GBP/USD pair, the main scenario remains bearish. It’s highly likely that in the nearest future the market may continue forming the extension in the wave (iii). As a result, the market may break the local low soon.



As we can see at the H1 chart, the pair is forming the descending impulse in the wave v of (iii). On a shorter timeframe, the price is forming the descending impulse in the wave [3], and may break the low of the wave [1] during the day.




USD JPY, “US Dollar vs Japanese Yen”

Probably, the USD/JPY pair is forming the diagonal triangle in the wave [v] of C. On a shorter timeframe, the price may continue falling in the wave (iii). Later, the market may break the low of the wave (i) of [v].



More detailed structure is shown on the H1 chart. After completing the flat in the wave [B], the pair formed the descending impulse in the wave (1). Considering that the wave (2) was finished as well, the market may resume falling in the wave (3) of [C].




AUD USD, “Australian Dollar vs US Dollar”

In case of the AUD/USD pair, the price may resume forming the extension in the wave (iii). However, due to the fast correction that is taking place right now, to confirm this scenario the market has to form a new descending impulse.



As we can see at the H1 chart, the pair finished the wave ii in the form of the zigzag and may form the descending impulse in the wave [1]. If it happens, the market may start a new decline.



 
RoboForex Analytical Department

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