Forecast for September 10th, 2015
EUR USD, “Euro vs US Dollar”
The situation in the pair remains unchanged - wave
[iii] of 1 of (C) continues to develop, under which a local correction is forming. A further decline in prices is expected as well as the establishment of new local minima.
Probably, only now we have received the completion of wave
(ii) of [iii] of 1, and then further decline in prices in the wave
(iii) of [iii] of 1 is expected. However, the wave
(ii) of [iii] of 1 can acquire a more complex shape.
GBP USD, “Great Britain Pound vs US Dollar”
The correction in the wave
(ii) of [iii] of 1 has likely not been completed yet, so after a roll back down, we expect an update of the local maximum for the pair, and only then the completion of the upward zigzag within wave
(ii) of [iii] of 1.
Most likely, we have now only received wave a of
(ii) of [iii], and now comes the development of the correctional wave b of
(ii) of [iii], then we expect pulse movement within wave c of
(ii) of [iii].
USD JPY, “US Dollar vs Japanese Yen”
Wave
(i) of [iii] of 1 has completed as part of a larger upward impulse, and now there is a wave formation
(ii) of [iii] of 1, and then we expect a continuation of growth.
Most likely, wave
(ii) of [iii] of 1 has not yet completed, having become a downward zigzag. In the near future we expect a completion of the correctional wave and continued growth.
USD CAD, “US Dollar vs Canadian Dollar”
The situation for the pair remained virtually unchanged - after the formation of a running triangle in the wave
[iv] of 3 of (C), we have already received two upward momentums in the framework of a larger wave
[v] of 3 of (C). A further increase in prices is expected.
Probably, we get an elongation in the wave
(iii) of [v] of 3, inside of which wave i of
(iii) of [v] has already formed, and the correction ii of
(iii) of [v]. A further increase in price is expected.
RoboForex Analytical Department