Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 29.01.2016 (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 29.01.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

29.01.2016

Forecast for January 29th, 2016

EUR USD, “Euro vs US Dollar”

Probably, Eurodollar has finished the horizontal triangle in the wave 4; the pair has rebounded from the pattern’s upper border and is starting a new decline in the wave [i]. If later the price does form a descending impulse, the market may resume its decline.



As we can see at the H1 chart, the price has formed the diagonal triangle in the wave (c) of [e]. On Friday, the pair is expected to fall in the wave (i), which may be followed by a new local correction.




GBP USD, “Great Britain Pound vs US Dollar”

It looks like the correction is becoming a bit more complicated than we expected. It’s highly likely that right now Pound is completing the wave [iv]. Consequently, quite soon the market may resume moving downwards in the wave [v] of 3.



More detailed structure is shown on the H1 chart. Possibly, the price is about to finish the diagonal triangle in the wave (c) of [iv]. On the minor wave level, the market is completing the wave v. If the market rebounds from the pattern’s upper border, it may start moving downwards in the wave (i).




USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen has completed the wave C in the form of the zigzag in the wave (4). In the nearest future, the market may continue forming the bullish impulse in the wave [i] or [a].



At the H1 chart, yesterday the pair formed the wedge in the wave i. Later, after completing the local correction, Yen started a fast growth in the wave iii. On Friday, the market may continue growing and reach new highs.




AUD USD, “Australian Dollar vs US Dollar”

It looks like the price is about to finish the fourth wave in the diagonal triangle 5. In the nearest future, the pair is expected to resume its decline in the bearish wave [v] of 5.



At the H1 chart, the pair is about to finish the diagonal triangle in the wave (c) of [iv], and the wave [iv] is taking the form of the zigzag. In the nearest future, the market is expected to start falling in 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.