Wave Analysis 23.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
23.09.2015
Forecast for September 23rd, 2015
EUR USD, “Euro vs US Dollar”
Probably, right now Eurodollar is finishing the wave (i) of [iii] of 1, which may be followed by the short-tern correction (ii) of [iii] of 1.
The pair is about to finish the impulse (i) of [iii] of 1, which may be followed by the ascending zigzag(ii) of [iii] of 1. Later, this zigzag may be corrected to 50% - 61.8% of the wave (i) of [iii] of 1.
GBP USD, “Great Britain Pound vs US Dollar”
After finishing the ascending double zigzag(ii) of [iii] of 1, Pound has formed the quick impulse, (iii) of [iii] of 1, which may be extended. After a short-term correction, the market is expected to continue falling.
It looks like Pound lacks another descending impulse to complete the wave i of (iii) of [iii]. After finishing the wave i of (iii) of [iii], the price is expected to form the short-term ascending zigzagii of (iii) of [iii].
USD JPY, “US Dollar vs Japanese Yen”
The situation hasn’t become any clearer over the last 24 hours. Yen is still expected to form the descending impulse [v] of C of (2) inside the large expanded flat.
Yen is moving below the critical level, so the man scenario remains the same – in the future, the pair is expected to continue falling and forming the descending impulse [v] of C of (2).
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar continues moving according to the main scenario – the pair is expected to grow in the wave [v] of 3 of (C).
The growth of the pair in the wave [v] of 3 of (C) doesn’t seem very stable. In the nearest future, the market may continue moving upwards and reach new local highs.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.