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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 09.09.2016 (EUR/USD, GBP/USD, USD/JPY and AUD/USD)
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Wave Analysis 09.09.2016 (EUR/USD, GBP/USD, USD/JPY and AUD/USD)

09.09.2016
EUR/USD

Wave Analysis, 09.09.2016

It is not improbable that the triangular within the wave (В) has been completed. Apparently, the wave E has become a double zigzag with a triangular in the wave [x]. Correspondingly, it is possible that a descending impulse forms within the wave [i] afterwards, and this will confirm further declining of the market.


Wave Analysis, 09.09.2016

Admittedly, the day before a wave (i) was formed which was later corrected by the second wave. Correspondingly, in the near-term the market can decline within the wave (iii).

GBP/USD

Wave Analysis, 09.09.2016

It seems that the pound has formed a zigzag within the wave (y). If a bearish impulse is formed in the future within the wave (i), a new round of falling towards this month’s lows will be possible.

Wave Analysis, 09.09.2016

Admittedly, on 1-H chart a descending wedge is forming within the wave i. If we see a rebound from the lower range limit afterwards, a local correction will be possible. In the future, when the wave ii is completed, we might see the pair falling further within the wave iii.
 
USD/JPY

Wave Analysis, 09.09.2016

Despite the current rise, a scenario with a diagonal triangular forming within the wave [v] of C is still in force. There is a strong probability that soon we will see how the wave (ii) has been completed. And this might afterwards turn out as a continuation of declining of the pair within the wave (iii).

Wave Analysis, 09.09.2016

A more detailed analysis can be found on the 1-H chart. Admittedly, a zigzag was formed within the wave x, which lead to the current price rise. In the near-term we might see a bullish zigzag within the wave y of (ii).
AUD/USD

Wave Analysis, 09.09.2016

The bearish marking is still in force. Appearingly, the wave (ii) has been completed, and it has corrected a wedge within the wave (i). Thus, it is possible that afterwards the price will decline within the wave (iii).

Wave Analysis, 09.09.2016

As we can see on 1-H chart, a plane was formed within the wave (ii). Most probably, we are at the beginning of a bearish impulse in the wave i. If this impulse is completed successfully, this might be deemed as confirmation of declining within the wave (iii).

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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.