{"id":87951,"date":"2016-04-11T07:14:10","date_gmt":"2016-04-11T11:14:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=87951"},"modified":"2016-04-11T07:14:10","modified_gmt":"2016-04-11T11:14:10","slug":"wave-analysis-11-04-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/wave-analysis-11-04-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 11.04.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
April 11, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for April 11th<\/sup>, 2016<\/p>\n

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

It looks like Eurodollar is about to complete the double zigzag<\/em> in the wave 2<\/strong>. On the minor wave level, probably, the market is finishing the diagonal triangle<\/em> in the wave c of (y)<\/strong>, which may be followed by a new descending movement.<\/p>\n

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As we can see at the H1 chart, after finishing the zigzag<\/em> in the wave b<\/strong>, Eurodollar has started moving upwards in the wave c of (y)<\/strong>. On Monday, the market may grow in the wave [3]<\/strong>, which is taking the form of the zigzag,<\/em>and break the maximum of the wave [1] of c<\/strong>.<\/p>\n

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

After completing the wave 4<\/strong>, Pound has formed two descending impulses. Consequently, the pair may continue forming the descending extension<\/em> in the wave [iii]<\/strong>. On the other hand, there is a possibility that the two previous bearish impulses are just the zigzag<\/em>. This is why right now it\u2019s better to wait until the price finished the local correction and forms the first wave in the wave [iii]<\/strong>.<\/p>\n

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More detailed structure is shown on the H1 chart. After completing the wave v of (i)<\/strong>, Pound has started a new correction. It looks like right now the pair is finishing the wave c<\/strong> in the zigzag<\/em> (ii)<\/strong>. On Monday, the market may break the maximum of the wave a<\/strong> and then resume moving downwards.<\/p>

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

Yen continues forming the descending impulse in the wave C<\/strong>. Earlier, the price completed the wave [iv]<\/strong> in the form of the triangle<\/em>, and then started falling in the wave [v]<\/strong>. On the minor wave level, the market is about to finish the wave (v)<\/strong>, which may be followed by a new ascending movement.<\/p>\n

\"\"<\/p>\n

More detailed structure is shown on the H1 chart. After finishing the double zigzag<\/em> in the wave (iv)<\/strong>, Yen has started forming the descending impulse in the wave (v) of [v]<\/strong>. \u00a0During the day, the market may fall in the wave iii<\/strong> and break the low reached last week.<\/p>\n

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

It looks like 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> and may start the wave (iii)<\/strong>. After finishing the local correction, the price may continue falling.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, after finishing the wave i of (iii)<\/strong>, the pair has started a new ascending correction. Earlier, the wave (ii)<\/strong> took the form of the zigzag<\/em>. It\u2019s highly likely that on Monday the price may complete the wave ii<\/strong> and start moving downwards in the wave iii of (iii)<\/strong>.<\/p>\n

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RoboForex Analytical Department<\/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 April 11th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d It looks like Eurodollar is about to complete the double zigzag in the wave 2. On the minor wave level, probably, the market is finishing the diagonal triangle in the wave c of (y), which may be followed by a new […]<\/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-87951","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87951","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=87951"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87951\/revisions"}],"predecessor-version":[{"id":87952,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87951\/revisions\/87952"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=87951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=87951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=87951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

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