Wave Analysis 09.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)


Forecast for September 9th, 2015

EUR USD, “Euro vs US Dollar”

A large downward momentum in wave [iii] of 1 of (C) continues its development, and under the tension we have already received the first and second waves. A further decline in prices is expected.

Once wave (ii) of [iii] of 1 has completed, we again gained momentum and a downward correction, which suggests that the wave [iii] of 1 of (C) has already generated two possible extensions. A further decline in prices is expected.

GBP USD, “Great Britain Pound vs US Dollar”

Wave (ii) of [iii] of 1 is nearing completion, and then we'll get the first downward impulse and a local correction. A long-term decline in the price is expected.

Probably, the wave (ii) of [iii] of 1 is completed, and in the near future a long decline for the pair and the establishment of new local minima is expected.

USD JPY, “US Dollar vs Japanese Yen”

As expected the price started to grow in the frames of the large upward wave [iii] of 1 of (3). A further rise in the price is expected very soon.

Upon completion of the correction in the form of downward momentum in the wave [ii] of 1 of (3), we got the beginning of a new long-term upward movement within wave [iii] of 1 of (3).

USD CAD, “US Dollar vs Canadian Dollar”

The local correction the frames of the wave (ii) of [v] of 3, possibly, is concluding, and soon the rise in the price of the pair is expected.

The price is trading above the critical level, and in the near future, we are likely to see growth of the rate in the wave (iii) of [v] of 3, most likely, with elongations nested inside.

RoboForex Analytical Department


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.