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Wave Analysis 27.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar”

Probably, the EUR/USD pair completed the wave 2 in the form of the zigzag. To confirm a new decline, the market has to form the descending impulse in the wave [i].

As we can see at the H1 chart, after finishing the wave (c) of [ii], the pair started forming a new descending impulse. Right now, the price is probably completing the fourth wave of this impulse. As a result, in the future the price may resume moving downwards in the wave (v) of [i].

 

GBP USD, “Great Britain Pound vs US Dollar”

Probably, after finishing the extension in the wave [iii] the GBP/USD pair completed the ascending zigzag, which may be the wave (a) or (w). Consequently, in the nearest future the market may form the bearish wave (b) or (x).

Possibly, the pair is forming the descending impulse in the wave a. In the nearest future, the price may continue falling and then start a new local correction. It’s highly likely that during the next week the market may form another bearish impulse in the wave c

 

USD JPY, “US Dollar vs Japanese Yen”

One of the possible scenarios implies that the USD/JPY pair completed the wave 2 in the form of the zigzag with the wedge [a] inside it. To confirm a new growth, the market has to form the bullish impulse in the wave [i].

As we can see at the H1 chart, the pair is probably forming the third wave in the wave [i]. In the nearest future, the market is expected to complete this wave and start a new local correction, which may later be followed by another growth in the wave (v) of [i].

 

AUD USD, “Australian Dollar vs US Dollar”

Possibly, the AUD/USD pair completed the wave (a). As a result, in the nearest future the market may start the local correction in the wave (b). Later, the price is expected to resume growing and form another bullish impulse in the wave (c) of [ii].

More detailed structure is shown on the H1 chart. Probably, the pair completed the wave v of (a) in the form of the diagonal triangle. Consequently, on Friday the price may form the descending impulse in the wave a. To confirm the wave (b), the market has to finish the above-mentioned impulse.

 

RoboForex Analytical Department

 


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