{"id":100137,"date":"2016-12-29T07:54:26","date_gmt":"2016-12-29T12:54:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=100137"},"modified":"2016-12-29T07:54:26","modified_gmt":"2016-12-29T12:54:26","slug":"wave-analysis-29-12-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/wave-analysis-29-12-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 29.12.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
December 29, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for December 29th<\/sup>, 2016<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

The EUR\/USD pair is still being corrected. It\u2019s highly likely that the price is about to finish the wave [ii]<\/strong> and may break the local high during the day. Later, the market is expected to resume falling in the wave [iii]<\/strong>.<\/p>\n

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More detailed structure is shown on the M30 chart. Yesterday, the pair completed the double zigzag <\/em>in the wave (b)<\/strong> which corrected the bullish impulse in the wave (a)<\/strong>. As a result, on Thursday the market may continue growing in the wave (c) of [ii]<\/strong>.<\/p>\n

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GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/h2>\n

Yesterday, the GBP\/USD pair started forming the fifth wave in the bearish impulse [v]<\/strong>. It\u2019s highly likely that after finishing the local correction the market may continue moving downwards and reach a new local low.<\/p>

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As we can see at the H1 chart, the wave (iv)<\/strong> took the form of the zigzag <\/em>and then the pair formed the descending impulse, which might be the wave i of (v)<\/strong>. Consequently, after finishing the correction, the market may resume moving downwards in the wave iii<\/strong>.<\/p>\n

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USD JPY, \u201cUS Dollar vs Japanese Yen\u201d<\/h2>\n

Probably, the USD\/JPY pair completed the ascending impulse in the wave c of (y)<\/strong>. Consequently, during the next several days the market may form the descending wave i or a<\/strong>, which may take the form of the wedge<\/em>.<\/p>\n

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It\u2019s highly likely that the pair is about to complete the third wave of the wedge<\/em>. As a result, in the nearest future the market may be corrected to the upside in the wave [4]<\/strong>, which may later be followed by another bearish wave.<\/p>\n

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AUD USD, \u201cAustralian Dollar vs US Dollar\u201d<\/h2>\n

Probably, the AUD\/USD pair completed only the first wave of the wave (iii)<\/strong>. Consequently, in the nearest future the market may be corrected to the upside. Later, the price may resume moving downwards in the wave iii of (iii)<\/strong>.<\/p>\n

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As we can see at the H1 chart, yesterday the pair completed the wave [B]<\/strong> in the zigzag<\/em> ii<\/strong>. As a result, in the nearest future the market may finish the wave [C] of ii<\/strong> and try to resume its decline.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Forecast for December 29th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d The EUR\/USD pair is still being corrected. It\u2019s highly likely that the price is about to finish the wave [ii] and may break the local high during the day. Later, the market is expected to resume falling in the wave [iii]. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-100137","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=100137"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100137\/revisions"}],"predecessor-version":[{"id":100138,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100137\/revisions\/100138"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=100137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=100137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=100137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}