{"id":55836,"date":"2014-08-12T07:16:40","date_gmt":"2014-08-12T11:16:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=55836"},"modified":"2014-08-12T07:16:40","modified_gmt":"2014-08-12T11:16:40","slug":"now-up-eurjpy-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/now-up-eurjpy-wave-analysis\/","title":{"rendered":"Now \u2013 up! EUR\/JPY wave analysis."},"content":{"rendered":"
August 12, 2014<\/div>
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Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for August 12th<\/sup>, 2014<\/h2>\n

\"\"<\/p>\n

In our previous review, \u201cStill falling down. Wave analysis of EUR\/JPY for 29.07.2014\u201d, we discussed one of the possible scenarios how the price may complete a descending zigzag<\/em> (c) of [iv] of C<\/strong> and the whole horizontal correction [iv] of (C)<\/strong>.<\/p>\n

\"\"<\/p>\n

Probably, the pair finished a descending impulse [5] of c of (c)<\/strong> and the whole zigzag<\/em> (\u0441) of [iv]<\/strong>. Right now, the instrument is forming the first \u201cleg\u201d a of (d)<\/strong> of an ascending zigzag<\/em> (d) of [iv] of C<\/strong>, may be in the form of an impulse. In terms of technical analysis, the price is forming upside down head & shoulders<\/em> reversal pattern (in green ellipse).<\/p>\n

\"\"<\/p>\n

Mid-term expectations haven\u2019t changed much. The current chart structure implies that the pair is forming dynamic horizontal triangle<\/em> [iv] of C of (C)<\/strong>, which may be followed by the final ascending wave [v] of C<\/strong>. One of the main waves of triangle<\/em> patterns is usually the longest and most complicated, so possibly the third zigzag<\/em> (c) of [iv]<\/strong> may turn out just this type of wave<\/p>\n

If this assumption is correct, then in the nearest future the price is expected to form the final waves (d)<\/strong> and (e) of [iv] <\/strong>of triangle<\/em> [iv] of C of (C)<\/strong>.<\/p>\n

However, at the same time one should remember that any possible scenario is subjective and the market may move in a completely different direction.<\/p>

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<\/div>\n

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

Article By RoboForex.com<\/span><\/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

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for August 12th, 2014 In our previous review, \u201cStill falling down. Wave analysis of EUR\/JPY for 29.07.2014\u201d, we discussed one of the possible scenarios how the price may complete a descending zigzag (c) of [iv] of C and the whole horizontal correction [iv] of (C). Probably, the pair finished a descending […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-55836","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/55836","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=55836"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/55836\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=55836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=55836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=55836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}