3 September, 2015
EUR USD, “Euro vs US Dollar”
The situation hasn’t changed over the last 24 hours. Most likely, Eurodollar has finished the correction [ii] of 1 of (C), which may be followed by a large descending impulse in the wave [iii] of 1 of (C).
After finishing the wave [ii] of 1 of (C), the price is moving below the critical level. Probably, in the nearest future the market may first five-wave descending structures in the wave [iii] of 1 of (C), which may beextended.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues falling slowly without any serious pullbacks. Most likely, the pair has finished waves i of (iii) of [iii] and ii of (iii) of [iii] which may be followed by a further decline.
Most likely, Pound has completed first wave of the extension in the wave (iii) of [iii] of 1. After the correction ii of (iii) of [iii], the price is expected to continue moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
The situation hasn’t changed over the last 24 hours. The main forecast remains the same: in the nearest future. Yen is expected to start forming the ascending impulse [iii] of 1 of (3), which may be extended.
Probably, the price has finished the wave (ii) of [iii] of 1 and is starting growing in the large ascending impulse [iii] of 1 of (3). In the future, the market is expected to continue moving upwards.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar continues growing in the wave iii of (iii) of [v] with quite fast downside pullbacks. Nevertheless, the bullish forecast remains in effect: in the nearest future, the pair is expected to continue moving upwards.
The pair has finished the wave ii of (iii) of [iii] and right now continues moving inside the main trend. In the future, the market may continue growing.
Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...
The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...
Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...
Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...
Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...
After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...
Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...
Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...
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