Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 11.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Wave Analysis 11.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

11.11.2016

Forecast for November 11th, 2016

EUR USD, “Euro vs US Dollar”

It looks like the EUR/USD pair completed the triangle in the wave (B) and then formed the descending impulse in the wave [i]. On Friday, the correction may continue, but later the market is expected to resume moving downwards.



As we can see at the M15 chart, yesterday the price completed the wave (v) of [i]. On Friday, the pair may finish the correctional wave [ii]. To confirm a new decline in the wave [iii], the market has to form another descending impulse.




GBP USD, “Great Britain Pound vs US Dollar”

The form of the correctional wave [iv] is still not quite clear. It looks like the correction is taking the form of the flat with the ascending impulse (c) inside it. To confirm a new decline, the market has to form the descending impulse in the wave (i).



More detailed structure is shown on the H1 chart. Probably, yesterday the pair finished the triangle in the wave iv. Right now, the price is forming the bullish impulse in the wave v of (c), which may continue in the nearest future.




USD JPY, “US Dollar vs Japanese Yen”

Probably, the USD/JPY pair is about to complete the double three in the wave (y) of [iv]. On a shorter timeframe, the price is finishing the wave c. Consequently, in the nearest future the market may try to resume its decline.



More detailed structure is shown on the M15 chart. It looks like the pair completed the fourth wave of the wave c of (y). As a result, during the next several hours the market may form the bullish impulse in the wave [5] of c. Later, bears may attempt to reverse the market to the downside.




AUD USD, “Australian Dollar vs US Dollar”

It looks like the AUD/USD pair is about to complete the wave (ii) of the diagonal triangle. Consequently, on Friday the market may start growing in the wave (iii).



As we can see at the M30 chart, the pair probably completed the descending zigzag in the wave (ii). In the nearest future, the market may form the bullish impulse in the wave c of (iii) and then break the high of the wave (i).



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.