{"id":99861,"date":"2016-12-21T06:27:47","date_gmt":"2016-12-21T11:27:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=99861"},"modified":"2016-12-21T06:27:47","modified_gmt":"2016-12-21T11:27:47","slug":"wave-analysis-21-12-2016-eurusd-gbpusd-usdjpy-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/wave-analysis-21-12-2016-eurusd-gbpusd-usdjpy-audusd\/","title":{"rendered":"Wave Analysis 21.12.2016 (EUR\/USD, GBP\/USD, USD\/JPY, AUD\/USD)"},"content":{"rendered":"
December 21, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Forecast for December 21st<\/sup>, 2016<\/p>\n

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

The EUR\/USD pair is still forming the extension<\/em> in the wave [iii]<\/strong>. Earlier, the price completed the wave 2<\/strong> and the bearish impulse in the wave [i]<\/strong>. Possibly, in the nearest future the market may continue falling.<\/p>\n

\"\"<\/p>\n

However, as we can see at the H1 chart, there is an alternative scenario, which implies that the pair all descending impulses formed recently constitute the wave [i]<\/strong>. Yet, so far, the price has formed only the zigzag<\/em>that may be the wave ii of (iii)<\/strong>, and it means that the pair may continue moving downwards. On the other hand, if the price reaches a new local low and forms, for example, the wedge<\/em> in the wave (a) of [ii]<\/strong>, the market may be corrected to the upside during the week.<\/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 situation is similar. The main scenario still suggests that the price may continue falling in the wave (iii)<\/strong>. Consequently, the market may reach a new local low quite soon.<\/p>

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However, similar to the EUR\/USD, bearish impulses formed recently at the H1 chart may constitute the wave (i)<\/strong>. Considering that right now the price may be forming the zigzag <\/em>in the wave [2]<\/strong>, the main scenario still suggests that the market is expected to continue its decline in the wave [3] of iii<\/strong>.<\/p>\n

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

The USD\/JPY pair is still growing and forming the bullish impulse in the wave c of (y)<\/strong>. In the nearest future, the market may break the local high. However, if later the price forms the descending impulse in the wave i or a<\/strong>, the market may start a new descending correction.<\/p>\n

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As we can see at the H1 chart, the pair probably formed the ascending impulse in the wave (5) of [5]<\/strong>. Consequently, after finishing the local correction, the market may resume growing and break the local high.<\/p>\n

\"\"<\/p>\n

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

Probably, the AUD\/USD pair completed the descending impulse in the wave i<\/strong>. As a result, in the nearest future the market may start a short-term growth in the wave ii<\/strong> and then resume falling in the wave iii of (iii)<\/strong>.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, after finishing the diagonal triangle<\/em> in the wave c of (ii)<\/strong>, the pair formed the descending impulse in the wave i<\/strong>. Taking into account that yesterday the price finished the wave [A],<\/strong> on Wednesday the market may complete the wave [B]<\/strong> and start a short-term growth in the wave [C] of ii<\/strong>.<\/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 December 21st, 2016 EUR USD, \u201cEuro vs US Dollar\u201d The EUR\/USD pair is still forming the extension in the wave [iii]. Earlier, the price completed the wave 2 and the bearish impulse in the wave [i]. Possibly, in the nearest future the market may continue falling. However, as we can […]<\/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-99861","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99861","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=99861"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99861\/revisions"}],"predecessor-version":[{"id":99862,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99861\/revisions\/99862"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=99861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=99861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=99861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}