{"id":90178,"date":"2016-05-23T07:05:12","date_gmt":"2016-05-23T11:05:12","guid":{"rendered":"http:\/\/countingpips.com\/?p=90178"},"modified":"2016-05-23T07:05:12","modified_gmt":"2016-05-23T11:05:12","slug":"wave-analysis-23-05-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/wave-analysis-23-05-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 23.05.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
May 23, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for May 23rd<\/sup>, 2016<\/p>\n

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

Eurodollar continues forming the extended<\/em> wave (iii)<\/strong>. Earlier, after finishing the wave Y<\/strong>, the price firmed the descending impulse in the wave (i)<\/strong> and the correction in the second wave. It\u2019s highly likely that in the nearest future the market may resume moving downwards.<\/p>\n

\"\"<\/p>\n

More detailed structure is shown on the H1 chart. It looks like Eurodollar is finishing the fourth wave in the wave (iii)<\/strong>. Consequently, on Monday the price may complete the local correction and start falling in the wavev 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 chart structure is different. Probably, after finishing the descending impulse in the wave(i)<\/strong>, the price started forming the correctional wave (ii)<\/strong>, which may yet continue for a while. Later, 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>. In the nearest future, the local correction may continue, which may be followed by a short-term growth in the wave c of (ii)<\/strong>.<\/p>

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

Probably, Yen has completed the wave (i)<\/strong>, which may be followed by a new descending correction. Earlier, the pair formed diagonal triangle<\/em> in the wave [v]<\/strong>. As a result, in the nearest future the market may continue falling in the wave (ii)<\/strong>.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, the price has formed the diagonal triangle<\/em> v of (i)<\/strong> and the ascending impulse. It looks like right now the pair is about to finish the wave a<\/strong>. Consequently, in the nearest future the market may start a new local ascending correction.<\/p>\n

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

Australian Dollar is about to complete the fourth wave in the descending wave [i]<\/strong>. It\u2019s highly likely that on Monday the local correction may complete and the market may resume falling in the wave (v) of [i]<\/strong>.<\/p>\n

\"\"<\/p>\n

More detailed structure is shown on the H1 chart. It looks like Australian Dollar is finishing the wave c<\/strong> of thezigzag<\/em> (iv)<\/strong>. As a result, in the nearest future the market may start forming the bearish wave (v) of [i]<\/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 23rd, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar continues forming the extended wave (iii). Earlier, after finishing the wave Y, the price firmed the descending impulse in the wave (i) and the correction in the second wave. It\u2019s highly likely that in the nearest future the market may […]<\/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-90178","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90178","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=90178"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90178\/revisions"}],"predecessor-version":[{"id":90179,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90178\/revisions\/90179"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}