{"id":87824,"date":"2016-04-07T07:45:23","date_gmt":"2016-04-07T11:45:23","guid":{"rendered":"http:\/\/countingpips.com\/?p=87824"},"modified":"2016-04-07T07:45:23","modified_gmt":"2016-04-07T11:45:23","slug":"wave-analysis-07-04-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/wave-analysis-07-04-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 07.04.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
April 7, 2016<\/div>
\r\n<\/div><\/div>

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

Forecast for April 7th<\/sup>, 2016<\/p>\n

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

In case of Eurodollar, the chart structure is becoming more and more complicated. Probably, the price is forming the double zigzag<\/em> in the wave [y] of 2<\/strong>. On the minor wave level, probably, the market is forming thediagonal triangle<\/em> in the wave c of (y)<\/strong>. Consequently, in the nearest future the pair may continue moving sideways.<\/p>\n

\"\"<\/p>\n

More detailed structure is shown on the H1 chart. After finishing the zigzag<\/em> b<\/strong> with the triangle<\/em> [B]<\/strong> inside it, the pair has resumed its growth. It\u2019s highly likely that right now the market is completing the flat<\/em> in the wave2<\/strong>. If this assumption is correct, in the future the price may start moving upwards in the wave [3]<\/strong>.<\/p>\n

\"\"<\/p>\n

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

It\u2019s highly likely that Pound is forming the descending extension<\/em> in the wave [iii]<\/strong>. Earlier the price completed the wave 4<\/strong> in the form of the zigzag <\/em>and the bearish impulse in the wave [i]<\/strong>. In the nearest future, after finishing the local correction, the pair may resume its decline.<\/p>\n

\"\"<\/p>\n

More detailed structure is shown on the H1 chart. It looks like after completing the wave [ii]<\/strong>, Pound has formed the descending impulse in the wave (i)<\/strong>. Probably, right now the market is forming a new correction in the form of the zigzag<\/em>. On Thursday, the price may finish the wave b<\/strong> and then continue growing in the wave c of (ii)<\/strong>.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\"\"<\/p>\n

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

In case of Yen, the chart structure has been changed. Probably, the diagonal triangle<\/em> in the wave [iv]<\/strong> turned out to be larger. At the moment, the price is forming the descending impulse in the wave [v] of C<\/strong>. On the minor wave level, the pair is completing the wave (v)<\/strong>, so on Thursday we can expect a new ascending correction.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, Yen is about to complete the third wave in the wave (v)<\/strong>. Later, after finishing the local correction, the market may make the final descending movement in the wave v of (v)<\/strong>, which may be followed by a reverse upwards.<\/p>\n

\"\"<\/p>\n

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

Probably, the market has finished the bullish impulse [\u0441]<\/strong> in the flat<\/em> 4<\/strong>. On the minor wave level, Australian Dollar may has completed the wave (i)<\/strong>. After finishing the local correction, the market may start falling in the third wave.<\/p>\n

\"\"<\/p>\n

At the H1 chart, the wave (i)<\/strong> has taken the form of the wedge<\/em>. In the nearest future, the pair may continue forming the wave (ii)<\/strong> in the form of the zigzag<\/em>. Consequently, after finishing the wave b<\/strong>, the market may move upwards in the wave c of (ii)<\/strong>.<\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

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

Article By RoboForex.com Forecast for April 7th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d In case of Eurodollar, the chart structure is becoming more and more complicated. Probably, the price is forming the double zigzag in the wave [y] of 2. On the minor wave level, probably, the market is forming thediagonal triangle in the […]<\/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-87824","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87824","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=87824"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87824\/revisions"}],"predecessor-version":[{"id":87825,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87824\/revisions\/87825"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=87824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=87824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=87824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}