{"id":97729,"date":"2016-11-04T06:05:33","date_gmt":"2016-11-04T10:05:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=97729"},"modified":"2016-11-04T06:05:33","modified_gmt":"2016-11-04T10:05:33","slug":"wave-analysis-04-11-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/wave-analysis-04-11-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 04.11.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
November 4, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for November 4th<\/sup>, 2016<\/p>\n

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

The EUR\/USD pair is still being corrected. It\u2019s highly likely that the price is finishing the bullish impulse (c)<\/strong> in the zigzag<\/em> [ii]<\/strong>. To confirm that the correction completed, the market has to form a new descending impulse.<\/p>\n

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More detailed structure is shown on the H1 chart. It looks like the pair is finishing the fourth wave in the wave (c)<\/strong>. Consequently, in the nearest future the market may resume growing in the wave v of (c)<\/strong>.<\/p>\n

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

Probably, the GBP\/USD pair is forming the zigzag<\/em> (y)<\/strong> in the double three<\/em> [iv]<\/strong>. As a result, in the nearest future the market may continue forming the bullish impulse in the wave c of (y)<\/strong>.<\/p>

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As we can see at the H1 chart, the pair is extending<\/em> the third wave of the wave c of (y)<\/strong>. In the nearest future, a new local correction may take place, which may be followed by a new growth in the wave [5] of c<\/strong>.<\/p>\n

\"\"<\/p>\n

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

Possibly, the USD\/JPY pair completed the wave [iv]<\/strong> in the form of the double three<\/em>. On a shorter timeframe, the price finished the diagonal triangle<\/em> c of (y)<\/strong>. The situation being what it is, in the nearest future the market may continue forming the wave i<\/strong>.
\nAfter the pair successfully completes this wave, it will resume moving downwards.<\/p>\n

\"\"<\/p>\n

At the H1 chart, the pair completed the fourth wave in the descending impulse i<\/strong>. Consequently, in the nearest future the market may fall in the wave [5] of i<\/strong> and break the local low.<\/p>\n

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

It looks like the horizontal triangle<\/em> in the wave [e] of 4<\/strong> may be a bit bigger than expected. It\u2019s highly likely that during the next week the price may continue consolidating. As a result, if the pair rebounds from the pattern\u2019s upside border, the market may start falling in the wave [i]<\/strong>.<\/p>\n

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As we can see at the H1 chart, yesterday the pair completed the double zigzag<\/em> in the wave (c)<\/strong>. Consequently, on Friday the price may start a short-term decline in the wave (d)<\/strong> of the horizontal triangle<\/em>.<\/p>\n

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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 November 4th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d The EUR\/USD pair is still being corrected. It\u2019s highly likely that the price is finishing the bullish impulse (c) in the zigzag [ii]. To confirm that the correction completed, the market has to form a new descending impulse. More detailed structure […]<\/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-97729","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97729","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=97729"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97729\/revisions"}],"predecessor-version":[{"id":97730,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97729\/revisions\/97730"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=97729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=97729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=97729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}