Forecast for September 10th, 2015
EUR USD, “Euro vs US Dollar”
The situation in the pair remains unchanged - wave [iii] of 1 of (C)
continues to develop, under which a local correction is forming. A further decline in prices is expected as well as the establishment of new local minima.
Probably, only now we have received the completion of wave (ii) of [iii] of 1
, and then further decline in prices in the wave (iii) of [iii] of 1
is expected. However, the wave (ii) of [iii] of 1
can acquire a more complex shape.
GBP USD, “Great Britain Pound vs US Dollar”
The correction in the wave (ii) of [iii] of 1
has likely not been completed yet, so after a roll back down, we expect an update of the local maximum for the pair, and only then the completion of the upward zigzag within wave (ii) of [iii] of 1
Most likely, we have now only received wave a of (ii) of [iii]
, and now comes the development of the correctional wave b of (ii) of [iii]
, then we expect pulse movement within wave c of (ii) of [iii]
USD JPY, “US Dollar vs Japanese Yen”
Wave (i) of [iii] of 1
has completed as part of a larger upward impulse, and now there is a wave formation (ii) of [iii] of 1
, and then we expect a continuation of growth.
Most likely, wave (ii) of [iii] of 1
has not yet completed, having become a downward zigzag. In the near future we expect a completion of the correctional wave and continued growth.
USD CAD, “US Dollar vs Canadian Dollar”
The situation for the pair remained virtually unchanged - after the formation of a running triangle in the wave [iv] of 3 of (C)
, we have already received two upward momentums in the framework of a larger wave [v] of 3 of (C)
. A further increase in prices is expected.
Probably, we get an elongation in the wave (iii) of [v] of 3
, inside of which wave i of (iii) of [v]
has already formed, and the correction ii of (iii) of [v]
. A further increase in price is expected.
RoboForex Analytical Department