Wave Analysis for 20.10.2015

20 October, 2015

EUR USD, “Euro vs US Dollar”

After finishing the local correction (ii) of [iii] of 1 in the form of the ascending double zigzag, Eurodollar has formed the first descending impulse in the wave (iii) of [iii] of 1. After another local correction, the market may continue falling.

Most likely, the pair has completed the impulse i of (iii) of [iii], which may be followed by the local correction ii of (iii) of [iii] and a further decline.

GBP USD, “Great Britain Pound vs US Dollar”

In case of Pound, the situation hasn’t changed over the last 24 hours. Pound has completed the correction ii of (iii) of [iii] and right now is expected to start a significant decline in the wave iii of (iii) of [iii].

Pound is still moving below the critical level. After finishing the leading diagonal triangle (1) of [1] of iii, the price hast started forming the correction (2) of [1] of iii. In the future, the market is expected to continues its decline.

USD JPY, “US Dollar vs Japanese Yen”

In case of Pound, the situation isn’t changing as well. Probably, the price is about to finish the correction inside the descending extension of the wave [v] of C of (2). Later, the pair is expected to continue moving downwards.

Yen is completing the wave ii of (iii) of [v] of the large descending impulse, which may be followed by a further decline in the wave iii of (iii) of [v].

USD CAD, “US Dollar vs Canadian Dollar”

The price continues moving below the critical level. Most likely, in the nearest future Canadian Dollar will continue falling while forming the wave (iii) of [a] of 4 and reach new local lows.

The pair is still being corrected in the wave ii of (iii) of [a]. In the nearest future, the price is expected to continue moving downwards in the wave iii of (iii) of [a].

RoboForex Analytical Department

Source link  
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...

In the past 24 hours Bitcoin has lost -1.98% and reached $4505.92979101. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.4212% and is now at $1.1374. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -28.19% and is now at $133.658139451. Have the most popular cryptocurrencies compared online 24/7.

Top Brokers offering Forex Market Analysis

Forex Currencies Forecasts

Top 10 Forex Brokers 2018

# Broker Review
6FIBO GroupFIBO Group83%