Wave Analysis 10.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)


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


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.