Article By RoboForex.com
Forecast for September 7th, 2015
EUR USD, “Euro vs US Dollar”
A large downward momentum continues its development in the [iii] of 1 of (C), inside of which an extension is developing. A further decline in price and an establishment of new minimums is expected.
In the frames of the extension in the wave [iii] of 1 of (C), wave (i) of [iii] of 1 is nearing completion, and after the local correction within wave (ii) of [iii] of 1, a further decline prices is expected.
I returned to the previous version of the markup, as upward correction for the pair is not observed, and probably there is a development of the wave (iii) of [iii] of 1, which will bring the pair to new local minimums in the very near future.
At the moment there is a formation of wave iii of (iii) of [iii], which has not yet been completed, and in the near future a decrease in prices and the establishment of new local minima is expected.
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USD JPY, “US Dollar vs Japanese Yen”
Possibly the wave [ii] of 1 of (3) is completed, and in the near future, perhaps we will see the beginning of the upward movement within a large impulse in wave [iii] of 1 of (3).
After the completion of wave [ii] of 1 of (3), it the development of a large part of the upward momentum in the wave [iii] of 1 of (3) is expected. It will be possible to be more confident about the beginning of growth only after the price fixes above the confirmatory level.
USD CAD, “US Dollar vs Canadian Dollar”
The situation in the pair remains unchanged. After the completion of the running triangle in the frames of the wave [iv] of 3 of (C), the beginning of an upward movement in the frames of the wave [v] of 3 of (C).
After the completion of the triangle within wave [iv] of 3 of (C), we have already received two lead-up impulses up in the framework of a larger wave [v] of 3 of (C). Growth in the pair and the establishment of new local highs is expected.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
