Wave Analysis 17.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

17 мая 2017 - Fx4News

EUR USD

Wave Analysis 17.05.2017 (EUR/USD)

Admittedly, development of a double zigzag in the wave [a] or [w] is coming to an end. In the course of the day the ascending impulse in the wave с of (y) can be completed. If a descending impulse in the direction of the wave (а) is developed, this will be a confirmation of the next round of down movement.

 

Wave Analysis 17.05.2017 (EUR/USD)

As we can see on the H1 chart, an extension of the 3rd wave within the wave с is being completed now. Consequently, after a local correction is over, a yet another bullish impulse within the wave [5] of c can occur.

 

GBP USD

Wave Analysis 17.05.2017 (GBP/USD)

Admittedly, a descending correction within the wave [iv] is being developed. Earlier a long extension within the wave [iii] had been completed. As a result, we can see the consolidation range to be developing further, but after that the price can rise higher within the wave [v] of C.

 

Wave Analysis 17.05.2017 (GBP/USD)

On the H1 chart we see: a descending impulse within the wave (а) and zigzag as a part of the wave (b). Consequently, in the near-term the pair can move even lower within the wave (c) of [iv].

 

USD JPY

Wave Analysis 17.05.2017 (USD/JPY)

The bullish impulse in the wave (i) has been completed, and this opens the way for a descending correction. In the near-term the pair can lower further within the wave (ii).

 

Wave Analysis 17.05.2017 (USD/JPY)

Appearingly, a descending zigzag within the wave (ii) is being formed on H1. On the smaller wave level a bearish impulse within the wave c of (ii) is being developed. In the course of Wednesday the pair can lower further along the current correction move.

 

AUD USD

Wave Analysis 17.05.2017 (AUD/USD)

The basic wave scenario tells about development of an extension within the wave [iii] which has the 2nd wave within it being developed. In the near-term the down movement can resume within the wave (iii) of [iii]. Consequently, the low of the wave (i) can be broken shortly.

 

Wave Analysis 17.05.2017 (AUD/USD)

On the H1 chart a wedge within the wave а has been formed. Currently, a zigzag within the wave b is being formed. This wave can clear the way for the pair to move down further within the wave [C] of b. Afterwards a yet another bullish impulse within the wave c of (ii) can be formed.