Forecast for February 15th, 2016
EUR USD, “Euro vs US Dollar”
Probably, Eurodollar has completed the
diagonal triangle(v) and the bullish impulse
[c]. In the nearest future, the market is expected to start falling in the bearish wave
(i).
More detailed structure is shown on the H1 chart. It looks like on Monday the pair may fall in the wave
(i). If the market does form the descending impulse, the price may resume its descending movement.
GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the wave
[iv] has taken the form of the
zigzag. In the nearest future, Pound may continue falling in the wave
[v] of 3. Possibly, the market may break January’s low quite soon.
After completing the bearish impulse in the wave
(i), Pound has finished the
double zigzag in the wave
(ii). On the minor wave level, the pair may finish the wave
ii and continue falling in the wave
iii of (iii).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen has finished the
zigzag in the wave
Y of (4). After completing the
zigzag in the wave
[b] of Y, the market has started falling in the wave
[c]. It’s highly likely that quite soon the pair may start a bullish pullback quite soon.
After finishing the
triangle in the wave
(iv), Yen started falling in the wave
(v), which may have already completed. On Monday, after finishing the local correction, the price may continue growing in the wave
(i).
AUD USD, “Australian Dollar vs US Dollar”
After completing the
double zigzag in the wave
[ii], Australian Dollar is trying to resume its decline. Earlier, the pair finished the descending
zigzag in the wave
[i]. Later, the market may continue falling in the wave
[iii] inside the
diagonal triangle.
As we can see at the H1 chart, after completing the impulse in the wave
(a), the price has started the correctional wave
(b), which is taking the form of the
zigzag. On the minor wave level, the market is expected to finish the impulse
c of (b) and start falling in the bearish wave
i.
RoboForex Analytical Department