{"id":60969,"date":"2014-09-26T07:19:19","date_gmt":"2014-09-26T11:19:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=60969"},"modified":"2014-09-26T07:19:19","modified_gmt":"2014-09-26T11:19:19","slug":"on-the-edge-audusd-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/on-the-edge-audusd-wave-analysis\/","title":{"rendered":"On the edge. AUD\/USD wave analysis"},"content":{"rendered":"
September 26, 2014<\/div>
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Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for September 26th<\/sup>, 2014<\/h2>\n

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In our previous review, \u201cExpecting the uptrend. Wave analysis of AUD\/USD for 18.09.2014\u201d, we discussed a possible scenario how the price may continue a descending correction B of (5)<\/strong>.<\/p>\n

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The price hasn\u2019t broken the critical level yet, but got very close to it and changed the chart structure as right now the market is teetering on the edge between the main scenario and an alternative one.<\/p>\n

Possibly, the pair has almost completed a descending zigzag<\/em>, which may turn out to be the whole correction B of (5)<\/strong>. However, the ratio between the lengths of the \u201clegs\u201d of this zigzag<\/em> implies that right now the pair is forming some descending impulse, which is shown on the figure below.<\/p>\n

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A possible alternative scenario suggests that the descending movement, which the price has been making since July, may be described as unfinished impulse [v] of C of (4)<\/strong> that may complete a large correction (4)<\/strong>.<\/p>\n

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If the market chooses an alternative scenario, the whole correction (4)<\/strong> may take the form of flat<\/em> and complete quite soon. In this case, later the uptrend is expected to dominate inside wave (5) of [A]<\/strong>.<\/p>

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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>\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 September 26th, 2014 In our previous review, \u201cExpecting the uptrend. Wave analysis of AUD\/USD for 18.09.2014\u201d, we discussed a possible scenario how the price may continue a descending correction B of (5). The price hasn\u2019t broken the critical level yet, but got very close to it and changed the chart […]<\/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-60969","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60969","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=60969"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60969\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}