Wave Analysis 11.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar”

Probably, the EUR/USD pair is forming the descending extension in the wave [iii]. After completing the wave (i), the market is expected to start a new local correction. Later, the price may continue falling in the wave (iii) of [iii].

More detailed structure is shown on the M30 chart. The pair is about to finish the fourth wave in the impulse (i). Consequently, on Tuesday the market may resume moving downwards and form the bearish impulse in the wave v of (i).

GBP USD, “Great Britain Pound vs US Dollar”

After completing the horizontal triangle in the wave (iv), the GBP/USD pair formed the descending impulse in the wave i. During the next several days, the market may continue moving downwards in the wave iii of (v).

As we can see at the H1 chart, the pair is finishing the second wave in the extended wave [3]. In the nearest future, the price may resume falling in the wave (3) of [3].

USD JPY, “US Dollar vs Japanese Yen”

It’s highly likely that the USD/JPY pair is still forming the wave [y] of 2. Earlier, the price completed the descending impulse in the wave (a). Later, the market may resume moving downwards and form the bearish impulse in the wave (c) of [y].

At the H1 chart, the pair formed the zigzag in the wave (b), the wave i, and then the flat in the wave ii. In the future, the price may resume falling in the wave iii of (c).

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still falling in the wave (iii). Earlier, after forming the horizontal triangle in the wave 4, the price started moving downwards in the wave (i). During the next several days, the market may continue falling.

More detailed structure is shown on the H1 chart. The pair is about to finish the fourth wave. Later, after completing the correction, the price is expected to resume moving downwards in the wave v of (iii).

RoboForex Analytical Department