{"id":90048,"date":"2016-05-20T05:20:58","date_gmt":"2016-05-20T09:20:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=90048"},"modified":"2016-05-20T05:20:58","modified_gmt":"2016-05-20T09:20:58","slug":"wave-analysis-20-05-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/wave-analysis-20-05-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 20.05.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
May 20, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for May 20th<\/sup>, 2016<\/p>\n

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

Eurodollar continues forming the descending impulse; it looks like right now it is forming the extension<\/em> in the wave (iii)<\/strong> of this impulse. In the nearest future, the market may continue moving downwards and start a new local correction after finishing the third wave.<\/p>\n

\"\"<\/p>\n

More detailed structure is shown on the H1 chart. Probably, Eurodollar is forming the fourth wave in the wave(iii)<\/strong>. It\u2019s highly likely that on Friday the price may form the flat<\/em>, which may be completed by the descending wave v of (iii).<\/strong><\/p>\n

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

In case of Pound, the wave (ii) <\/strong>may continue. Earlier, after finishing the wave 4<\/strong>, the price formed the descending impulse in the wave (i)<\/strong>. Consequently, after finishing the current correction, the market may resume falling in the wave (iii)<\/strong>.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, the wave (i)<\/strong> took the form of the wedge<\/em>, and then the price formed the bullish impulse in the wave a<\/strong>, which means that the wave (ii)<\/strong> may continue and take the form of the zigzag<\/em>. The market will resume its decline after the price forms the wave i of (iii)<\/strong>.<\/p>

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

Yen is still forming the ascending impulse in the wave (i)<\/strong>. Earlier, the pair formed diagonal triangle<\/em> in the wave [v]<\/strong>. Consequently, in the nearest future the market may finish the wave v<\/strong> and start a new descending correction.<\/p>\n

\"\"<\/p>\n

It looks like the price may be forming the fourth wave in the diagonal triangle<\/em> v of (i)<\/strong>. Consequently, the pair may grow up a bit in the wave [5]<\/strong>. However, if later Yen rebounds from the pattern\u2019s upside border, the market may start a new correction.<\/p>\n

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

Probably, Australian Dollar has finished the bearish extension<\/em> in the wave (iii)<\/strong>. On Friday, the local correction may take place, but later the market is expected to resume falling in the wave (v) of [i]<\/strong>.<\/p>\n

\"\"<\/p>\n

More detailed structure of the extension<\/em> in the wave (iii)<\/strong> is shown on the H1 chart. The wave iii<\/strong> of the wave(iii)<\/strong> may be considered extended <\/em>as well. As a result, on Friday Australian Dollar may continue forming the correctional wave (iv)<\/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","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Forecast for May 20th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar continues forming the descending impulse; it looks like right now it is forming the extension in the wave (iii) of this impulse. In the nearest future, the market may continue moving downwards and start a new local correction after finishing […]<\/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-90048","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90048","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=90048"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90048\/revisions"}],"predecessor-version":[{"id":90052,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90048\/revisions\/90052"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}