Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 26.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Wave Analysis 26.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

26.11.2015

Forecast for November 26th, 2015

EUR USD, “Euro vs US Dollar”

In case of Eurodollar, the chart structure has been changed a bit. It looks like the pair has completed the extension in the wave [iii]. In the nearest future, the price may start a correction, which may be followed by a further decline in the wave [v] of 3.



More detailed structure is shown on the H1 chart. The wave (v) of [iii] has taken the form of the diagonal triangle and may be followed by a new correction. Probably, in the nearest future we can expect a local growth in the wave [iv].




GBP USD, “Great Britain Pound vs US Dollar”

After finishing the wave [ii] in the form of the zigzag, Pound is trying to resume its descending movement. In the future, the pair may continue falling in the wave [iii] and break the minimum of the wave [i].



Pound has formed the bearish impulse in the wave (i) and the correction in the wave (ii). Earlier, the price completed the diagonal triangle in the wave (c) of [ii]. Later, the market is expected to continue falling in the third wave.




USD JPY, “US Dollar vs Japanese Yen”

In case of Yen, the pair may continue growing in the wave (v) of the extension in the wave [iii]. Later, the pair is expected to start the correctional wave [iv] of 5.



Probably, the pair has finished the wave (iv) in the form of the double zigzag. On the minor wave level, Yen is starting another growth in the wave (v) of [iii]. It’s highly likely that the market may break the yesterday’s high during the day.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues forming the wave [ii]. Earlier, the price formed the descending wedge in the wave [i]. Later, after completing the correction, the pair may resume its descending movement in the wave [iii].



It looks like the wave (c) of [ii] is taking the form of the diagonal triangle. In the nearest future, the price may form the wave v of this pattern. If the market rebounds from the upper border of the triangle, it may start another descending movement in the bearish wave [iii].



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

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.