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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 29.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
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Wave Analysis 29.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

29.09.2015

Forecast for September 29th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still forming the local correction ii of (iii) of [iii], which may be followed by a fast decline in the wave iii of (iii) of [iii] and new local lows.



Probably, the pair is about to finish the wave ii of (iii) of [iii] and may start forming the wave iii of (iii) of [iii] today. At the same time, there is an alternative scenario (colored in gray), according to which the market hasn’t completed the wave (ii) of [iii] of 1, which is taking the form the ascending double zigzag.




GBP USD, “Great Britain Pound vs US Dollar”

Pound continues forming the wave ii of (iii) of [iii], after which the market may start a significant decline in the wave iii of (iii) of [iii].



The main forecast remains the same – we can expect a local growth in the wave ii of (iii) of [iii], which may be followed by a further decline in the wave iii of (iii) of [iii].




USD JPY, “US Dollar vs Japanese Yen”

Yen continues moving downwards and is probably forming the first wave in the large descending impulse [v] of C of (2). After finishing the first wave, we can expect a short-term growth in the wave (ii) of [v] of C, probably in the form of the zigzag.



The pair is about to finish the wave (i) of [v] of C, which may be followed by the local correction (ii) of [v] of C and a further decline towards 116.00.




USD CAD, “US Dollar vs Canadian Dollar”

The price is moving according to the main forecast. Canadian Dollar is expected to continue moving upwards in the wave [v] of 3 of (C).



Probably, after finishing the wave (ii) of [v] of 3, the price has started growing and forming the wave (iii) of [v] of 3. Later, the market is expected to continue moving upwards.



 
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