{"id":97446,"date":"2016-10-28T08:35:46","date_gmt":"2016-10-28T12:35:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=97446"},"modified":"2016-10-28T07:18:34","modified_gmt":"2016-10-28T11:18:34","slug":"wave-analysis-28-10-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/wave-analysis-28-10-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 28.10.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
October 28, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for October 28th<\/sup>, 2016<\/p>\n

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

It looks like the EUR\/USD pair completed the wave (ii)<\/strong> of the extension<\/em> in the wave [iii]<\/strong>. Consequently, in the nearest future the market may resume its decline in the wave (iii)<\/strong> and soon break the low of the wave (i)<\/strong>.<\/p>\n

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As we can see at the H1 chart, the price completed the wave (ii)<\/strong> in the form of the flat<\/em> with the diagonal triangle<\/em> c<\/strong> inside it. As a result, after finishing the correctional wave ii<\/strong>, the market may resume moving downwards in the wave iii<\/strong>.<\/p>\n

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

In case of the GBP\/USD pair, the price is forming the diagonal triangle <\/em>in the wave (v) of [iii]<\/strong>. Earlier, the instrument completed the fourth wave of the current extension<\/em>. Consequently, during the next several weeks, the market may continue falling.<\/p>

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More detailed structure is shown on the H1 chart. It\u2019s highly likely that the pair completed the zigzag<\/em> in the wave ii<\/strong>. In the nearest future, the market may form another zigzag<\/em> in the wave iii<\/strong> and break the low of the wave ii<\/strong>.<\/p>\n

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

In case of the USD\/JPY pair, the current correction is becoming deeper. It\u2019s highly likely that in the nearest future the market may continue forming the wave c of (y)<\/strong>. To confirm a new bearish movement, the price has to complete this wave and form a new descending impulse.<\/p>\n

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As we can see at the H1 chart, the pair is probably forming the ascending extension<\/em> in the wave [3]<\/strong>. On a shorter timeframe, the price is about to finish the wave (3)<\/strong>. Consequently, in the nearest future the market may start a new local correction in the wave (4) of [3]<\/strong>.<\/p>\n

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

It\u2019s highly likely that the AUD\/USD pair completed the triangle<\/em> in the wave 4<\/strong>. After rebounding from the pattern\u2019s upside border, the price started falling. To confirm the start of the wave 5, <\/strong>the market has to form the descending impulse in the wave [i]<\/strong>.<\/p>\n

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As we can see at the H1 chart, the pair finished the flat <\/em>in the wave (ii)<\/strong> and then completed the descending impulse in the wave i<\/strong>. In the nearest future, the market may be corrected in the wave ii<\/strong>, but later the price is expected to start falling 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","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Forecast for October 28th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d It looks like the EUR\/USD pair completed the wave (ii) of the extension in the wave [iii]. Consequently, in the nearest future the market may resume its decline in the wave (iii) and soon break the low of the wave (i). […]<\/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-97446","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97446","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=97446"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97446\/revisions"}],"predecessor-version":[{"id":97447,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97446\/revisions\/97447"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=97446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=97446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=97446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

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