Forecast for November 11th, 2015
EUR USD, “Euro vs US Dollar”
In case of Eurodollar, the correction continues. It looks like the price is about to complete the wave (ii) of [iii]
. It’s highly likely that in the nearest future the market may resume its decline in the third wave and break the previous lows.
As we can see at the H1 chart, the price is forming the bullish impulse c
in the wave (ii)
, which is taking the form of the flat
. Consequently, if the pair forms the bearish impulse i
, the market may start moving downwards in the wave (iii)
GBP USD, “Great Britain Pound vs US Dollar”
Probably, after finishing the wave 2
, Pound has started forming the descending impulse in the wave [i]
. After finishing the local correction, the pair is expected to continue its decline in the wave [i]
and may reach a new low.
More detailed structure is shown on H1 chart. Probably, Pound is finishing the fourth in the wave [i]
. After finishing the descending impulse in the wave i of (v)
, the market is expected to resume its descending movement.
USD JPY, “US Dollar vs Japanese Yen”
Yen may continue growing in the wave (iii)
of the extension
in the wave [iii]
. Later, the pair is expected to start the correctional wave [iv] of 5
At the H1 chart, Yen is about to complete its local correction. It’s highly likely that after finishing the wave iv
, the pair may form the bullish impulse in the wave v of (iii)
. The market may reach a new high during the day.
AUD USD, “Australian Dollar vs US Dollar”
It looks like Australian Dollar is forming the extension
of wave [iii] of 5
. On the minor wave level, the price is falling in the wave (iii)
. On Wednesday, the pair may continue its descending movement.
As we can see at the H1 chart, the price is about to finish the wave 
in the form of the flat
in the wave iii
. Earlier, the market completed the wave (ii)
in the form of the double zigzag
. In the nearest future, the pair may resume its decline in the wave  of iii
RoboForex Analytical Department