Wave Analysis 30.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Forecast for September 30^th, 2015

EUR USD, “Euro vs US Dollar”

The situation isn’t changing. Eurodollar is still forming the local correction in the large impulse (i) of [iii] of 1. Later, the pair is expected to continue falling.



The pair is moving below the critical level, so the main scenario remains the same – in the nearest future, the market is expected to move downwards in the wave iii of (iii) of [iii].

GBP USD, “Great Britain Pound vs US Dollar”

In case of Pound, the situation isn’t changing as well. At the moment, the pair is expected to continue forming the local correction ii of (iii) of [iii], after which the market may continue falling in the wave iii of (iii) of [iii].



The correction ii of (iii) of [iii] hasn’t completed yet. Probably, the second wave is taking the form of the flat, with only waves [A] of ii of (iii) and [B] of ii of (iii) inside it. We can expect a local growth.

USD JPY, “US Dollar vs Japanese Yen”

The local correction (ii) of [v] of C continues. After this correction, the market is expected to start falling in the wave (iii) of [v] of C to break 116.0 downwards.



The pair hasn’t finished the ascending zigzag(ii) of [v] of C yet: to complete it, the price needs a new local low while forming the wave c of (ii) of [v]. After that, Yen is expected to move downwards in the wave (iii) of [v] of C.

USD CAD, “US Dollar vs Canadian Dollar”

The price is moving according to the main forecast. Probably, right now Canadian Dollar is extending the wave [v] of 3 of (C). in the future, the pair is expected to continue growing.



Most likely, the pair has formed the extension in the wave (iii) of [v] of 3. The price has finished the wave i of (iii) of [v], and after completing the local correction ii of (iii) of [v], the market is expected to continue moving upwards to break 1.36.



 
RoboForex Analytical Department