Wave Analysis 11.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

September 11, 2015

EUR USD, “Euro vs US Dollar”

The local correction of the market is ending and in the near future, perhaps we will see a long downward movement within wave [iii] of 1 of (C). The wave (ii) of [iii] of 1 takes the form of a Double rising Zigzag, which is likely to have fully completed. In the near future we expect a start of the development of a long pulse wave [iii] of 1 of (C) with one or more elongations inside.

GBP USD, “Great Britain Pound vs US Dollar”

As expected, the correction in the wave (ii) of [iii] of 1 continued and reached the level of the wave ii of (i) of [iii]. In the near future we expect a start of the lowering of the pair, but more confidently this can be said only when the pair consolidates below the level of confirmation (magenta line on the graph). The completion of wave (ii) of [iii] of 1 is nearing, which takes the form of an upward zigzag. In the near future, probably a large downward momentum in the wave (iii) of [iii] of 1 will begin its development.

USD JPY, “US Dollar vs Japanese Yen”

Wave (i) of [iii] of 1 has completed, and after the local correction within wave (ii) of [iii] of 1 a further increase in the pair and the establishment of new local highs is expected. After the completion of wave (i) of [iii] of 1 comes the development of local correction within wave (ii) of [iii] of 1, which takes the form of a downward zigzag and is not yet completed. The completion of the correction and the beginning of growth of the pair is expected.

USD CAD, “US Dollar vs Canadian Dollar”

The long lateral movement forces the pair to somewhat correct the mark. Probably, the wave (e) of [iv] of the running triangle also takes the form of a triangle. We expect the beginning of growth of the pair within wave [v] of 3 of (C). Probably, the wave (e) of [iv] is taking the shape of a horizontal triangle after the completion of which we have already received the first upward impulse and a local correction. In the near future we expect the start of a long-term growth of pair within wave [v] of 3 of (C).

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