Wave Analysis 21.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

October 21, 2015

EUR USD, “Euro vs US Dollar”

So, probably the price is finishing the local correction inside the large descending impulse. After that, Eurodollar is expected to start a significant decline in the wave iii of (iii) of [iii].

Just as we expected, the pair has formed the ascending zigzag ii of (iii) of [iii], which may be followed by a significant descending movement in the wave iii of (iii) of [iii].

GBP USD, “Great Britain Pound vs US Dollar”

The situation isn’t changing. Most likely, Pound has completed the short-term ascending correction ii of (iii) of [iii], which may be followed by a significant decline in the wave iii of (iii) of [iii].

Pound is moving below the critical level. The market has formed the leading diagonal triangle (1) of [1] of iiiand the short-term ascending correction after it. In the future, the market is expected to continue its long decline in the wave iii of (iii) of [iii].

USD JPY, “US Dollar vs Japanese Yen”

Despite the fact that the current local growth is quite long, the main scenario remains the same. In the nearest future, Yen is expected to move downwards in the wave iii of (iii) of [v].

Yen has moved very close to the critical level, thus completing the local correction ii of (iii) of [v]. in the nearest future, the market is expected to finish this correction and start a serious decline in the wave iii of (iii) of [v].

USD CAD, “US Dollar vs Canadian Dollar”

The price has finished another local correction inside the large descending correction. After that, Canadian Dollar is expected to continue falling and form the wave (iii) of [a] of 4.

The pair has completed the local correction ii of (iii) of [a], which may be followed by a serious decline in the wave iii of (iii) of [a].
 
RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017
The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

FXCM Rating
FBS Rating
FIBO Group Rating
OctaFX Rating
Vantage FX Rating
FxPro Rating

365BinaryOption Rating
EZTrader Rating
OptionFair Rating
24option Rating
Porter Finance Rating
Beeoptions Rating