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

30 October, 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

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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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