Wave Analysis 11.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

11 November, 2015

EUR USD, “Euro vs US Dollar”

In case of Eurodollar, the correction continues. It looks like the price is about to complete the wave (ii) of [iii]. It’s highly likely that in the nearest future the market may resume its decline in the third wave and break the previous lows.

As we can see at the H1 chart, the price is forming the bullish impulse c in the wave (ii), which is taking the form of the flat. Consequently, if the pair forms the bearish impulse i, the market may start moving downwards in the wave (iii).

GBP USD, “Great Britain Pound vs US Dollar”

Probably, after finishing the wave 2, Pound has started forming the descending impulse in the wave [i]. After finishing the local correction, the pair is expected to continue its decline in the wave [i] and may reach a new low.

More detailed structure is shown on H1 chart. Probably, Pound is finishing the fourth in the wave [i]. After finishing the descending impulse in the wave i of (v), the market is expected to resume its descending movement.

USD JPY, “US Dollar vs Japanese Yen”

Yen may continue growing in the wave (iii) of the extension in the wave [iii]. Later, the pair is expected to start the correctional wave [iv] of 5.

At the H1 chart, Yen is about to complete its local correction. It’s highly likely that after finishing the waveiv, the pair may form the bullish impulse in the wave v of (iii). The market may reach a new high during the day.

AUD USD, “Australian Dollar vs US Dollar”

It looks like Australian Dollar is forming the extension of wave [iii] of 5. On the minor wave level, the price is falling in the wave (iii). On Wednesday, the pair may continue its descending movement.

As we can see at the H1 chart, the price is about to finish the wave [2] in the form of the flat in the wave iii. Earlier, the market completed the wave (ii) in the form of the double zigzag. In the nearest future, the pair may resume its decline in the wave [3] 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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