Forecast for September 3rd, 2015
EUR USD, “Euro vs US Dollar”
The situation hasn’t changed over the last 24 hours. Most likely, Eurodollar has finished the correction
[ii] of 1 of (C), which may be followed by a large descending impulse in the wave
[iii] of 1 of (C).
After finishing the wave
[ii] of 1 of (C), the price is moving below the critical level. Probably, in the nearest future the market may first five-wave descending structures in the wave
[iii] of 1 of (C), which may be
extended.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues falling slowly without any serious pullbacks. Most likely, the pair has finished waves
i of (iii) of [iii] and
ii of (iii) of [iii] which may be followed by a further decline.
Most likely, Pound has completed first wave of the
extension in the wave
(iii) of [iii] of 1. After the correction
ii of (iii) of [iii], the price is expected to continue moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
The situation hasn’t changed over the last 24 hours. The main forecast remains the same: in the nearest future. Yen is expected to start forming the ascending impulse
[iii] of 1 of (3), which may be
extended.
Probably, the price has finished the wave
(ii) of [iii] of 1 and is starting growing in the large ascending impulse
[iii] of 1 of (3). In the future, the market is expected to continue moving upwards.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar continues growing in the wave
iii of (iii) of [v] with quite fast downside pullbacks. Nevertheless, the bullish forecast remains in effect: in the nearest future, the pair is expected to continue moving upwards.
The pair has finished the wave
ii of (iii) of [iii] and right now continues moving inside the main trend. In the future, the market may continue growing.
RoboForex Analytical Department