Wave Analysis 17.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

17 September, 2015

EUR USD, “Euro vs US Dollar”

Probably, the expanded flat [ii] of 1 of (C) has been completed, and right now the price is forming the wave[iii] of 1 of (C), which is expected to be quite long and deep. Considering that the decline from the local low is quite long and deep, we may assume that the pair has already finished the flat [ii] of 1 of (C). The structure of the current part of the chart is a bit strange, that’s why the situation is expected to be cleared up within next 24 hours. The market is expected to continue falling in the wave iii of (i) of [iii].

GBP USD, “Great Britain Pound vs US Dollar”

Pound has decided to move according to the alternative scenario. Right now, the pair is being corrected in the form of the double zigzag w-x-y. In the nearest future, the price is expected to complete this pattern. Pound is about to finish the wave [A] of y of (ii). After the short-term correction [B] of y of (ii), the pair is expected to reach a new local high in the wave [C] of y of (ii).

USD JPY, “US Dollar vs Japanese Yen”

The situation isn’t changing. After finishing two ascending impulses and two local corrections, Yen is forming the ascending impulse (iii) of [iii] of 1. After completing the local correction ii of (iii) of [iii], the pair has started forming the ascending impulse iii of (iii) of [iii].

USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar continues moving inside the narrow horizontal channel, thus giving us several possible scenarios. Probably, right now the pair is forming the horizontal triangle (e) of [iv] of 3.  In the nearest future, the market is expected to complete this pattern and start moving upwards in the wave [v] of 3 of (C). Probably, the pair is finishing the wave c of (e) of [iv], which may be followed by two zigzags, d of (e) of [iv]and e of (e) of [iv].

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Forex Technical Analysis for 29.12.2015

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...

Forex Technical Analysis for 28.12.2015

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...

Technical analysis for 23.12.2015

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...

Forex Technical Analysis for 22.12.2015

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...

Murrey Math Lines for 21.12.2015

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...

Forex Technical Analysis for 18.12.2015

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...

Wave Analysis for 17.12.2015

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...

Forex Technical Analysis for 16.12.2015

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...

Forex Technical Analysis for 15.12.2015

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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