Wave Analysis 30.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

October 30, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar continues forming the local correction (ii) of [iii] of 1, which may be followed by a further decline of the pair. Most likely, the wave (ii) of [iii] of 1 is going to take the form of the ascending zigzag. In the nearest future, the local growth of the pair is expected to continue.

GBP USD, “Great Britain Pound vs US Dollar”

Just as we expected, Pound has started forming the local correction (2) of [1] of iii, which may be followed by a further decline of the pair. Pound is still forming the local correction (2) of [1] of iii. Most likely, one of these days the price is going to complete this ascending zigzag and resume its decline.

USD JPY, “US Dollar vs Japanese Yen”

Most likely, after completing the wave ii of (i) of [iii], Yen has formed initial ascending impulses of the larger ascending wave. Later, the pair is expected to continue moving upwards. Yen has already formed two initial ascending impulses and two local correction, which may be followed by a further growth in the larger ascending wave. In the nearest future, the market is expected to continue growing fast towards 125.00.

USD CAD, “US Dollar vs Canadian Dollar”

The price is about to finish the local correction [1] of i of (iii), which may be followed by a further growth of the pair and new local highs. Canadian Dollar continues forming the descending zigzag [2] of i of (iii). To complete this pattern, the price must form the wave (C) of [2] of i, which may be followed by a new significant growth.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 6, 2016
What will happen with the euro after the ECB meeting
Morgan Stanley strategists believe that the ECB will keep rates on hold at this week’s meeting, but can expand its QE purchase program. But they consider different scenarios with various responses from the euro...
December 6, 2016
Euro shrugs off Italian referendum results rallying to a 2-week high
The single currency opened Monday on a bearish note but managed to pare losses as investors brushed aside the Italian referendum results. EURUSD closed at a 2-week high right near the resistance level of 1.0765 as noted in yesterday's commentary...
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...

Tickmill Rating
EXNESS Rating
 FXTM Rating
XM Rating
Z.com Trade Rating
OctaFX Rating

365BinaryOption Rating
IQ Option Rating
Grand Option Rating
OptionBit Rating
Porter Finance Rating
Banc De Binary Rating