Wave Analysis 02.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

2 November, 2015

EUR USD, “Euro vs US Dollar”

At the H4 chart of EUR USD, Eurodollar has formed the descending impulse in the wave [i]. Probably, right now, the price is being corrected. In the nearest future, the market may continue forming the wave [ii], which may be followed by a decline of the pair in the wave [iii] of 3.

More detailed wave structure is shown on H1 chart. At the end of the last week, the market formed the wave(v) of [i]. Probably, the pair is forming the wave (b) in the wave [ii], which is taking the form of the zigzag. On Monday, the current correction may continue.

GBP USD, “Great Britain Pound vs US Dollar”

After finishing the wedge in the wave 1, Pound has started the correction. Probably, the wave 2 is taking the form of the double zigzag with the wave [y] inside it. The pair may reach a new high during the week.

As we can see at the H1 chart, Pound has formed the diagonal triangle in the wave (c) of [x]. Right now, the market is forming the bullish impulse in the wave (a), which may be completed during the day.

USD JPY, “US Dollar vs Japanese Yen”

It looks like after completing the wave 4, Yen has started the ascending impulse in the fifth wave. Probably, right now the market is forming the extension in the wave [iii]. Later, the pair is expected to start a new growth in the wave (iii) of [iii].

At the H1 chart, Yen has formed the bullish impulse in the wave (i). During the day, the pair may continue forming the wave (ii), which is taking the form of the zigzag. In the future, the market may break the minimum of the wave a of (ii).

AUD USD, “Australian Dollar vs US Dollar”

It looks like after finishing the zigzag in the wave 4, Australian Dollar has started forming the descending impulse in the wave 5. On the minor wave level, the market is forming the extension in the wave [iii]. After completing the wave (iv), the pair is expected to start falling in the wave (v) of [iii].

It looks like the wave (iv) is taking the form of the zigzag [2] of i of (iii). In the nearest future, after finishing the wave b, the market may start the wave c of (iv). If the price rebounds from the upper border of the descending channel, it may start moving downwards in the wave (v) of [iii].

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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