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Wave Analysis 25.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still being corrected. It looks like the wave 2 is taking the form of the zigzag with the diagonal triangle [c] inside it. Consequently, in the nearest future the market may continue moving upwards. To confirm a new decline, the price has to form the bearish impulse in the wave [i].

More detailed structure is shown on the H1 chart. Probably, the pair is forming the third wave in the diagonal triangle [c]. As a result, in the nearest future the price may continue moving downwards and break the high.

 

GBP USD, “Great Britain Pound vs US Dollar”

In case of the GBP/USD pair, the correction may continue as well. Possibly, the wave c is taking the form of the diagonal triangle. Later, the market may complete this pattern and start forming the wave (b) or (x).

More detailed structure is shown on the M30 chart. It looks like in the nearest future the price may continue growing in the diagonal triangle c

 

USD JPY, “US Dollar vs Japanese Yen”

In case of the USD/JPY pair, the price reached a new low yesterday, which means that the correction continues. It looks like the wave 2 is taking the form of the double zigzag. As a result, during the next several days the market may form another zigzag in the wave [y].

As we can see at the H1 chart, after finishing the wave [x] in the form of the flat with the impulse (c) inside it, the pair formed the bearish wave (a). Consequently, in the nearest future the market is expected to complete the local correction and form another impulse in the wave (c) of [y] of 2.

 

AUD USD, “Australian Dollar vs US Dollar”

Probably, the wave [ii] is taking the form of the zigzag with the ascending impulse (a) inside it. In the nearest future, the price may reach a new high, but later the market is expected to start the correctional wave (b).

At the H1 chart, the pair completed the diagonal triangle in the wave [5] of iii and started another correction. It looks like the wave iv was finished as well, which means that the market may resume moving upwards in the wave v of (a).

 

RoboForex Analytical Department

 


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