Wave Analysis 30.10.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
30.10.2015
Forecast for October 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar continues forming the local correction (ii) of [iii] of 1, which may be followed by a further decline of the pair.
Most likely, the wave (ii) of [iii] of 1 is going to take the form of the ascending zigzag. In the nearest future, the local growth of the pair is expected to continue.
GBP USD, “Great Britain Pound vs US Dollar”
Just as we expected, Pound has started forming the local correction (2) of [1] of iii, which may be followed by a further decline of the pair.
Pound is still forming the local correction (2) of [1] of iii. Most likely, one of these days the price is going to complete this ascending zigzag and resume its decline.
USD JPY, “US Dollar vs Japanese Yen”
Most likely, after completing the wave ii of (i) of [iii], Yen has formed initial ascending impulses of the larger ascending wave. Later, the pair is expected to continue moving upwards.
Yen has already formed two initial ascending impulses and two local correction, which may be followed by a further growth in the larger ascending wave. In the nearest future, the market is expected to continue growing fast towards 125.00.
USD CAD, “US Dollar vs Canadian Dollar”
The price is about to finish the local correction [1] of i of (iii), which may be followed by a further growth of the pair and new local highs.
Canadian Dollar continues forming the descending zigzag [2] of i of (iii). To complete this pattern, the price must form the wave (C) of [2] of i, which may be followed by a new significant growth.
RoboForex Analytical Department
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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.