Wave Analysis 04.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

November 4, 2015

EUR USD, “Euro vs US Dollar”

After finishing the descending impulse in the wave [i] of 3, Eurodollar has started the correction. In the nearest future, the market may continue forming the wave [ii] and break the local maximum. Later, the price is expected to resume its decline in the wave (i) of [iii]. As we can see at the H1 chart, the wave [ii] is taking the form of the zigzag. On the minor wave level, the market is being corrected in the wave (b). Later, the price may complete this correction and start a local growth in the wave (c) of [ii].

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still being corrected. It looks like the wave 2 is taking the form of the double zigzag. During the next several days, the pair may continue forming the wave [y] and break October’s high. At the H1 chart, yesterday Pound finished the descending zigzag in the wave (b) yesterday. After that, the market formed the bullish wave i of (c). It’s highly likely that in the nearest future the pair may continue forming the wave (c) of [y].

USD JPY, “US Dollar vs Japanese Yen”

Probably, after completing the wave 4 in the form of the zigzag, 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 Australian Dollar is about to complete the wave (ii) inside the extension of wave [iii]. Later, the price may form the bearish impulse in the wave (iii) and start moving downwards. More detailed structure of the descending impulse in the wave (i) is shown on H1 chart. Probably, the price has finished the wave the wave (ii) in the form of the zigzag. Consequently, in the nearest future the market may resume its descending movement.

Publication source
RoboForex information  RoboForex reviews

October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...
October 26, 2016
AUD gains on better than expected CPI numbers
The Australian Bureau of Statistics released the consumer price index data for the third quarter. Official records showed that CPI advanced 1.3% on the year in the third quarter of 2016...
October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...

HYCM Rating
FBS Rating
Grand Capital Rating
Fort Financial Services Rating
FxPro Rating
OANDA Rating

Anyoption Rating
Grand Option Rating
IQ Option Rating
OptionsXO Rating
Banc De Binary Rating
365BinaryOption Rating