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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 15.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
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Wave Analysis 15.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

15.10.2015

Forecast for October 15th, 2015

EUR USD, “Euro vs US Dollar”

So, the structure of the correction [ii] of 1 of (C) has been changed a bit. It’s still the double zigzag, but with the expanded flat (x) of [ii] of 1.  In the nearest future, the market is expected to grow for a while, complete this correctional pattern, and then start a significant decline.



After the flat (x) of [ii] of 1, Eurodollar has formed quite complicated ascending zigzag with the running triangle b of (y) of [ii]. In the nearest future, the market is expected to complete the wave с of (y) of [ii] and then start a strong descending movement.




GBP USD, “Great Britain Pound vs US Dollar”

The same as Eurodollar, the current correction is more expanded than we expected. So, Pound is forming the ascending zigzag ii of (iii) of [iii]. In the nearest future, the market is expected to complete this correction and then start a significant descending movement.



Right now, Pound is finishing the wave [C] of ii of (iii) inside the ascending zigzag ii of (iii) of [iii]. In the nearest future, the market is expected to complete this correction and then start falling.




USD JPY, “US Dollar vs Japanese Yen”

Just as we expected, after finishing the horizontal triangle [iv] of C of (2), Yen has started falling. At the moment, the pair is forming the wave (iii) of [v] of C. In the future, the market is expected to continue moving downwards.



After finishing the flat (ii) of [v] of C, Yen is forming the wave iii of (iii) of [v] inside the extended wave (iii) of [v] of C. Later, the price is expected to continue falling.




USD CAD, “US Dollar vs Canadian Dollar”

The wave (ii) of [a] of 4 was quite short, so right now the price is forming the large descending impulse (iii) of [a] of 4. In the nearest future, the market is expected to continue falling.



Probably, the pair has finished the ascending zigzag (ii) of [a] of 4 and then started forming the wave (iii) of [a] of 4. Right now, the market is about to complete the wave i of (iii) of [a].



 
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