{"id":96740,"date":"2016-10-13T08:45:28","date_gmt":"2016-10-13T12:45:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=96740"},"modified":"2016-10-13T07:31:11","modified_gmt":"2016-10-13T11:31:11","slug":"wave-analysis-13-10-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/wave-analysis-13-10-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 13.10.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
October 13, 2016<\/div>
\r\n<\/div><\/div>

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

Forecast for October 13th<\/sup>, 2016<\/p>\n

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

After breaking the triangle<\/em>, the EUR\/USD pair formed the wedge<\/em> in the wave (i)<\/strong> and the descending impulse in the wave (iii)<\/strong>. In the nearest future, the market may be corrected, but later it is expected to resume falling in the wave (v) of [i]<\/strong>.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, the pair probably completed the descending impulse in the wave (iii)<\/strong>. Consequently, later the market may form the wave (iv)<\/strong> to reach the channel\u2019s upside border.<\/p>\n

\"\"<\/p>\n

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

Probably, the GBP\/USD pair continues forming the bearish extension<\/em> in the wave [iii]<\/strong>. Right now, the price is finishing the fourth wave. As a result, in the nearest future the market may resume falling while forming the wave (v) of [iii]<\/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

More detailed structure is shown on the H1 chart. It looks like the pair is forming the wave e of (iv)<\/strong> of thetriangle<\/em>. If the price rebounds from the pattern\u2019s upside border, the market will start a new descending movement.<\/p>\n

\"\"<\/p>\n

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

Possibly, the USD\/JPY may yet continue forming the triangle<\/em> in the fourth wave for a while. Probably, the price is finishing the wave (c)<\/strong> and may soon start falling in the wave (d)<\/strong>.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, the wave (c)<\/strong> took the form of the double zigzag<\/em>. It\u2019s highly likely that the price formed the descending impulse in the wave a<\/strong>. As a result, on Thursday the market may continue moving downwards.<\/p>\n

\"\"<\/p>\n

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

In case of the AUD\/USD pair, the situation is rather interesting as the price rebounded from the downside border of the triangle<\/em>, which means that it may form the bullish wave (c) of [e]<\/strong>. The main target is the pattern\u2019s upside border.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, the pair finished the diagonal triangle<\/em> c<\/strong> and, as a result, completed the zigzag<\/em>in the wave (b)<\/strong>. Consequently, in the nearest future the market may form a new bullish impulse in the wave(c) of [e]<\/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 October 13th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d After breaking the triangle, the EUR\/USD pair formed the wedge in the wave (i) and the descending impulse in the wave (iii). In the nearest future, the market may be corrected, but later it is expected to resume falling 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-96740","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96740","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=96740"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96740\/revisions"}],"predecessor-version":[{"id":96742,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96740\/revisions\/96742"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}