Forecast for October 15th, 2015
EUR USD, “Euro vs US Dollar”
So, the structure of the correction
[ii] of 1 of (C) has been changed a bit. It’s still the
double zigzag, but with the
expanded flat(x) of [ii] of 1. In the nearest future, the market is expected to grow for a while, complete this correctional pattern, and then start a significant decline.
After the
flat(x) of [ii] of 1, Eurodollar has formed quite complicated ascending
zigzag with the
running triangleb of (y) of [ii]. In the nearest future, the market is expected to complete the wave
с of (y) of [ii] and then start a strong descending movement.
GBP USD, “Great Britain Pound vs US Dollar”
The same as Eurodollar, the current correction is more expanded than we expected. So, Pound is forming the
ascending zigzagii of (iii) of [iii]. In the nearest future, the market is expected to complete this correction and then start a significant descending movement.
Right now, Pound is finishing the wave
[C] of ii of (iii) inside the ascending
zigzagii of (iii) of [iii]. In the nearest future, the market is expected to complete this correction and then start falling.
USD JPY, “US Dollar vs Japanese Yen”
Just as we expected, after finishing the
horizontal triangle[iv] of C of (2), Yen has started falling. At the moment, the pair is forming the wave
(iii) of [v] of C. In the future, the market is expected to continue moving downwards.
After finishing the
flat(ii) of [v] of C, Yen is forming the wave
iii of (iii) of [v] inside the extended wave
(iii) of [v] of C. Later, the price is expected to continue falling.
USD CAD, “US Dollar vs Canadian Dollar”
The wave
(ii) of [a] of 4 was quite short, so right now the price is forming the large descending impulse
(iii) of [a] of 4. In the nearest future, the market is expected to continue falling.
Probably, the pair has finished the ascending zigzag
(ii) of [a] of 4 and then started forming the wave
(iii) of [a] of 4. Right now, the market is about to complete the wave
i of (iii) of [a].
RoboForex Analytical Department