Wave Analysis 24.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

24 мая 2017 - Fx4News

EUR USD

Wave Analysis 24.05.2017 (EUR/USD)

Admittedly, a double zigzag within the wave [a] or [w] has been completed. After that a descending correction can occur. This correction will be confirmed when a bearish impulse in the direction of the wave (а) occurs.

 

Wave Analysis 24.05.2017 (EUR/USD)

The day before on the H1-chart a bullish impulse within the wave [5] of c was formed. Currently, a descending impulse within the wave i is being completed. Consequently, after the local correction is over, the market can lower even further within the wave iii of (a).

 

GBP USD

Wave Analysis 24.05.2017 (GBP/USD)

The extension within the wave [iii] has been completed. In the near-term, the pair can consolidate within the correction wave [iv]. After that a yet another bullish impulse within the wave [v] of C can be formed.

 

Wave Analysis 24.05.2017 (GBP/USD)

The H1-chart shows a more detailed analysis. It is very likely that a diagonal triangle within the wave (v) of [iii] was completed the day before. A correction is confirmed when the wave i of (a) of [iv] is completed successfully.

 

USD JPY

Wave Analysis 24.05.2017 (USD/JPY)

After the wave (ii) was supposedly over, the pair showed a further rise. Ранее был образован восходящий импульс в волне (i). Correspondingly, the pair can resume rising further and form a yet another bullish impulse within the direction of the wave (iii).

 

Wave Analysis 24.05.2017 (USD/JPY)

On the H1-chart, the day before the correction wave [2] was over and this triggered a further rise of the price within the impulse wave [3]. In the near-term, after the local correction is over, the market can rise higher.

 

AUD USD

Wave Analysis 24.05.2017 (AUD/USD)

The descending extension within the wave [iii] is being completed at the moment, and the 2nd wave has been formed already. In the short-run, the market can move downwards within the wave (iii) of [iii]. Consequently, in the near term the price can break through the low of the wave (i).

 

Wave Analysis 24.05.2017 (AUD/USD)

Yesterday the wave (ii) was completed which became a zigzag with a triangle within the wave b. In the course of the day the correction wave [2] can be over while the pair can resume falling in the direction of the wave [3].