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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 25.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
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Wave Analysis 25.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

25.09.2015
344

Forecast for September 25th, 2015

EUR USD, “Euro vs US Dollar”

Most likely, Eurodollar has finished the wave (ii) of [iii] of 1, which may be followed by a further decline and new local lows.



After completing the ascending zigzag (ii) of [iii] of 1, the pair has formed the first descending impulse inside the larger descending impulse (iii) of [iii] of 1. In the future, the market is expected to continue falling.




GBP USD, “Great Britain Pound vs US Dollar”

Just as we expected. Pound has reached a new local low and almost completed the five-wave impulse i of (iii) of [iii]. In the future, the market is expected to start the local correction ii of (iii) of [iii].



Pound has finished the impulse i of (iii) of [iii], so, in the nearest future, the pair may start forming the short-term local correction ii of (iii) of [iii], which may take the form of the ascending zigzag.




USD JPY, “US Dollar vs Japanese Yen”

Yen continues moving sideways, thus decreasing the chances for a further decline and forcing us turn to an alternative scenario (colored in gray), according to which the pair is growing in the wave (iii) of [iii]. Nevertheless, the scenario with the decline may yet happen (until the price is moving below the critical level).



After completing the horizontal triangle [iv] of C of (2), Yen has formed two descending impulses in a row and the local correction ii of (iii) of [v] in the form of the flat, which may be followed by a further decline.




USD CAD, “US Dollar vs Canadian Dollar”

The forecast remains the same – in the nearest future Canadian Dollar is expected to continue moving upwards in the wave [v] of 3 of (C) and reach new local highs.



After finishing the wave (i) of [v] of 3 in the form of the leading diagonal triangle, the pair has extended the third wave and already formed waves i of (iii) of [v] and ii of (iii) of [v] (in the form of the flat). In the future, the market is expected to continue growing and reach new local highs.



 
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