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

December 6, 2016
Financial markets gripped by Monday jitters
Risk aversion intensified during early trading on Monday following reports of Italian Prime Minister Matteo Renzi experiencing a crushing defeat in the referendum on constitutional reforms which sparked concerns of renewed political instability in Europe...
December 5, 2016
Gold prices struggled for a direction
MACD was in the negative territory. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI was in a neutral area...
December 5, 2016
Mixed Jobs Report Keeps High Fed Expectations Intact
As we noted the day before Friday’s US jobs report, only a significantly worse-than-expected reading for November would have likely made the Federal Reserve’s next interest rate decision more difficult...

Tickmill Rating
FXCM Rating
Vantage FX Rating
HotForex Rating
FBS Rating
Trade360 Rating

OptionBit Rating
Beeoptions Rating
OptionRally Rating
24option Rating
IQ Option Rating
Empire Option Rating