{"id":62734,"date":"2014-10-29T07:17:27","date_gmt":"2014-10-29T11:17:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=62734"},"modified":"2014-10-29T07:17:27","modified_gmt":"2014-10-29T11:17:27","slug":"a-possible-alternative-audusd-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/a-possible-alternative-audusd-wave-analysis\/","title":{"rendered":"A possible alternative. AUD\/USD wave analysis"},"content":{"rendered":"
October 29, 2014<\/div>
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Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for October 29th<\/sup>, 2014<\/h2>\n

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In our previous review, \u201cThe beginning of the end. Wave analysis of AUD\/USD for 24.10.2014\u201d, we discussed a possible scenario how the price may move to complete a descending impulse [v]<\/strong>.<\/p>\n

However, the price has broken the critical level and formed a wave pattern, which may indicate a long-term reverse of the trend upwards. Let\u2019s consider this scenario as an alternative one.<\/p>\n

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The price has moved higher that the ending of wave (iii) of [i]<\/strong> and, thus, reached the minimum targets of a possible ascending diagonal triangle<\/em> [i] of A<\/strong>.<\/p>\n

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The previous scenario, which implies that the pair is finishing an ascending correction (iv) of [v]<\/strong>, may still happen. However, if the alternative scenario described above is confirmed, the market may reverse upwards inside impulse [iii] of A<\/strong> without breaking the closest critical level at 0.8650 by a descending correction [iii] of A<\/strong>.<\/p>\n

\"\"<\/p>\n

According to the possible alternative scenario, the price has already started forming the final ascending zigzag<\/em> (5)<\/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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Article By RoboForex.com Analysis for October 29th, 2014 In our previous review, \u201cThe beginning of the end. Wave analysis of AUD\/USD for 24.10.2014\u201d, we discussed a possible scenario how the price may move to complete a descending impulse [v]. However, the price has broken the critical level and formed a wave pattern, which may indicate […]<\/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-62734","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62734","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=62734"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}