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Technical Analysis
Technical Analysis by RoboForex
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[QUOTE="RoboForex, post: 109084, member: 38751"] [SIZE=6][B]Wave Analysis 05.09.2016 (EUR/USD, GBP/USD, USD/JPY and AUD/USD)[/B][/SIZE] [B]EUR USD, “Euro vs. US Dollar”[/B] [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401001.png[/IMG] Supposedly, EUR USD is showing a descending [I]wedge[/I] in the wave [B][i][/i][/B][i]. A [I]horizontal triangular[/I] was formed earlier in the wave [B](В)[/B] within which the wave [B]E[/B] has become a [B]zigzag[/B]. In the short-term, we can expect a further decline of the price. [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401002.png[/IMG] On 1-H chart a [I]zigzag[/I] within the wave [B](iv)[/B] was formed and this lead to a descending impulse in the wave [B]i[/B]. Thus, in the short-term we can expect a further decline of the price within the wave [B]iii of (v)[/B]. [B]GBP USD, “Great Britain Pound vs. US Dollar”[/B] [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401003.png[/IMG] On the GBP chart the analysis has been updated. Apparently, the ascending [I]zigzag[/I] in the wave [B](y) of [ii][/B] has come to an end. If a descending impulse on the chart is formed, this can be seen as confirmation of continuation of the pair decline. [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401004.png[/IMG] More detailed analysis can be found on the 1-H chart. Supposedly, a bullish impulse in the wave [B]с of (y)[/B] has been formed. Within the wave с of (y) the fifth wave have been completed. As such, we can expect the market descending as early as during the day. [B]USD JPY, “US Dollar vs. Jananese Yen”[/B] [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401005.png[/IMG] The wave analysis that suggests a further forming of the [I]diagonal triangular[/I] in the wave [B][v] of C[/B] still remains in force. It may happen that in the near future we can see how the market starts descending within the wave [B](iii)[/B]. [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401006.png[/IMG] As we can see on the 1-H chart analysis, a bullish impulse has been formed within the wave [B][C] of y[/B], and this has led to falling of the price in the assumed wave [B](1)[/B]. On Monday, it is possible that we see a further downside move of the price. [B]AUD USD, “Australian Dollar vs. US Dollar”[/B] [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401007.png[/IMG] Most probable that the Aussie starts forming an in the wave [B](iii)[/B]. A descending [I]wedge[/I] was formed earlier in the wave [B](i)[/B] which has been corrected by the wave [B](ii)[/B]. Consequently, in the short term it is possible that a new round of descending starts and a breakout of the low occurs. [IMG]http://www.roboforex.ru/files/forecasts/sep2016/05/Image20160905135401008.png[/IMG] On the 1-H chart a [I]wedge[/I] in the wave [B]i[/B] has been formed, and this has led to start of a local correction. Admittedly, the wave [B]ii[/B] has already been completed, and this gives the pair a chance to descend within the third wave. Thus, as early as the nearest days the pair can form a new low of the wave [B]i[/B].[/i] [/QUOTE]
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