Wave Analysis 28.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Forecast for September 28^th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar continues falling in the large descending impulse [iii] of 1 of (C). Most likely, right now the pair is forming another local correction, which may be followed by a further decline of the price.



Probably, after completing another five-wave descending structure i of (iii) of [iii], the pair has started forming the local correction ii of (iii) of [iii]. In the nearest future, the market is expected to continue falling.

GBP USD, “Great Britain Pound vs US Dollar”

Most likely, Pound is about to finish the wave i of (iii) of [iii], after which the market may grow for a while in the local correction ii of (iii) of [iii].



Pound has finished the long descending impulse i of (iii) of [iii], which may be followed by the short-term ascending correction ii of (iii) of [iii], probably in the form of the ascending zigzag.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues moving sideways; probably the price has just finished the large horizontal triangle[iv] of C of (2). In the nearest future, the market is expected to move downwards.



After completing the horizontal triangle[iv] of C of (2), Yen has started forming the descending wave [v] of C of (2). In the future, the market is expected to continue falling and reach a new local high.

USD CAD, “US Dollar vs Canadian Dollar”

The main forecast remains the same – probably, the pair has just finished the first initial impulse (i) of [v] of 3, and after finishing the local correction (ii) of [v] of 3, Canadian Dollar is expected to continue moving upwards.



The price has just finished the wave (i) of [v] of 3 with the leading diagonal trianglei of (i) of [v] inside it. Probably, right now the pair is forming the correctional wave b? of (ii) of [v], which may be followed by a short-term decline in the c of (ii) of [v].



 
RoboForex Analytical Department