{"id":86796,"date":"2016-03-17T07:39:46","date_gmt":"2016-03-17T11:39:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=86796"},"modified":"2016-03-17T07:39:46","modified_gmt":"2016-03-17T11:39:46","slug":"wave-analysis-17-03-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/03\/wave-analysis-17-03-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 17.03.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
March 17, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for March 17th<\/sup>, 2016<\/p>\n

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

In case of Eurodollar, the chart structure has been changed. It looks like the price is about to complete the large triangle<\/em> in the wave (B)<\/strong> with the zigzag <\/em>E<\/strong> inside it. On the minor wave level, after finishing the wave[c]<\/strong>, the pair may resume its decline.<\/p>\n

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More detailed structure is shown on the H1 chart. Probably, yesterday the price finished the zigzag<\/em> in the wave [b]<\/strong>, started forming the wave [c]<\/strong>, and reached a new local high. During the day, the market may yet continue moving upwards.<\/p>\n

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

Probably, Pound has started forming the wave [ii]<\/strong>. Earlier, after completing the wave 4<\/strong> in the form of thedouble zigzag<\/em>, the market formed the descending impulse in the wave [i]<\/strong>. The price will resume moving downwards as soon as the pair finishes the current correction.<\/p>\n

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More detailed structure is shown on the H1 chart. After completing the wave [i]<\/strong>, Pound has formed the bullish impulse in the wave (a)<\/strong>. On Thursday, the market start growing in the wave (c) of [ii]<\/strong>, which may be followed by a further decline of the pair.<\/p>

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

It looks like Yen has finished the triangle <\/em>in the wave [iv]<\/strong>. Probably, the market is falling in the wave [v] of C<\/strong>and later break the minimum of the wave [iii]<\/strong>.<\/p>\n

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After rebounding from the triangle<\/em>\u2019s upper border, Yen resumed its decline. Later the market formed the bearish impulse in the wave i <\/strong>and the correction in the wave ii<\/strong>. It looks like in the nearest future the market may continue forming the descending extension<\/em> in the wave iii<\/strong>.<\/p>\n

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

In case of Australian Dollar, the chart structure has been changed. Probably, the pair is about to finish the wave 4<\/strong>, which is taking the form of the zigzag<\/em>. Probably, in the future the market may complete the impulse in the wave (c)<\/strong> and resume falling.<\/p>\n

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As we can see at the H1 chart, the pair is forming the ascending impulse in the wave (v)<\/strong>. Earlier, the price finished the wave (iv)<\/strong> in the form of the zigzag<\/em>. On the minor wave level, after completing the wave iii<\/strong>, the market may start another local correction.<\/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

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Article By RoboForex.com Forecast for March 17th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d In case of Eurodollar, the chart structure has been changed. It looks like the price is about to complete the large triangle in the wave (B) with the zigzag E inside it. On the minor wave level, after finishing the wave[c], […]<\/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-86796","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/86796","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=86796"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/86796\/revisions"}],"predecessor-version":[{"id":86797,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/86796\/revisions\/86797"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=86796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=86796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=86796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}