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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 24.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
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Wave Analysis 24.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

24.09.2015
298

Forecast for September 24th, 2015

EUR USD, “Euro vs US Dollar”

After finishing the wave (i) of [iii] of 1, Eurodollar has started the correction (ii) of [iii] of 1, which may be followed by a further decline in the wave (iii) of [iii] of 1.



Right now there are no reasons to believe that the pair has already finished the correction (ii) of [iii] of 1, that’s why we can expect a short-term growth and then a further decline in the wave (iii) of [iii] of 1.




GBP USD, “Great Britain Pound vs US Dollar”

Pound continues forming the large descending impulse i of (iii) of [iii], which may be followed by a short-term correction, probably in the form of the zigzag.



Pound is finishing the wave (5) of [3] of i of the large extension in the wave i of (iii) of [iii], after which the pair may reach a new local low and complete the impulse i of (iii) of [iii].




USD JPY, “US Dollar vs Japanese Yen”

The situation isn’t changing. After completing the horizontal triangle [iv] of C of (2), Yen is expected to continue falling in the wave [v] of C of (2).



After completing the horizontal triangle [iv] of C of (2), Yen has formed the first initial wave (i) of [v] of C and the correction (ii) of [v] of C. later, the market is expected to continue moving downwards.




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar continues moving in the ascending impulse [v] of 3 of (C). After completing the wave (i) of [v] of 3 and the local correction (ii) of [v] of 3, the price is expected to form a large extension in the ascending impulse.



The wave (i) of [v] of 3 has taken the form of the leading diagonal triangle. After finishing the correction (ii) of [v] of 3, the market may continue moving upwards and reach new local highs.



 
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