Wave Analysis for 09.12.2015

December 9, 2015

EUR USD, “Euro vs US Dollar”

Last week Eurodollar completed the descending impulse in the wave 3 or C. In the nearest future, the pair may continue forming the wave [c] of the current correction. Later, after finishing it, the price may try to resume its growth.

At the H1 chart, after finishing the diagonal triangle in the wave [v], the pair has rebounded from its lower border and started the correction. It looks like yesterday the market completed the wave [b] in the form of the double zigzag. Later, the price may form the ascending impulse in the wave [c].

GBP USD, “Great Britain Pound vs US Dollar”

After finishing the descending diagonal triangle, Pound started the correction. Later, the price formed the ascending impulse in the wave (a). Later, after completing the local correction, the pair may resume its growth in the wave (c).

As we can see at the H1 chart, Pound has formed the zigzag in the wave (v), the bullish impulse in the wave(a), and then the wave (b). It’s highly likely that in the nearest future the pair may grow in the wave (c) of [ii]

USD JPY, “US Dollar vs Japanese Yen”

Probably, the market is still forming the wave (v). It’s highly likely that the price has formed the horizontal triangle in the wave (iv). In the future, the pair may start another ascending movement and break its local high.

More detailed structure is shown on the H1 chart. It looks like the price is about to finish the wave e in the(iv). On Wednesday, the market may rebound from the triangle’s lower border and start moving upwards in the wave i of (v).

AUD USD, “Australian Dollar vs US Dollar”

It's highly likely that Australian Dollar has finished the correctional wave 4. On the minor wave level, the pair has formed the double zigzag in the wave [y] and the impulse in the wave (i). After completing the local correction, the price may start falling in the wave (iii).

As we can see at the H1 chart, the market has formed the zigzag in the wave (y) and started a new descending impulse. On Wednesday, the pair may be corrected for a while and then continue falling.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

XM Rating
FBS Rating
OANDA Rating
FOREX.com Rating
XTB Rating
HotForex Rating

Binary.com Rating
OptionRally Rating
Migesco Rating
Empire Option Rating
UKoptions Rating
TopOption Rating