Article By RoboForex.com
Forecast for November 30th, 2015
EUR USD, “Euro vs US Dollar”
It looks like the pair is still forming the descending extension in the wave 3. On the minor wave level, the price has finished the wave [iv]. Consequently, in the nearest future the market continue falling in the wave[v] of 3.
At the H1 chart, the price has formed the bearish impulse in the wave (i). In the nearest future, after finishing the wave (ii), the pair may start falling in the third wave. Later, the market may break the minimum of the wave [iii].
GBP USD, “Great Britain Pound vs US Dollar”
Pound is back to falling as it is forming the wave [iii]. Earlier, the price finished the wave [ii] in the form of the zigzag. In the future, the pair may continue falling in the third wave and break the minimum of the wave[i].
After completing the wave (ii), Pound has started falling in the wave (iii) of [iii]. Later, the market is expected to continue falling in the third wave. Earlier, the price formed the diagonal triangle in the wave (c)thus finishing the wave [ii].
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USD JPY, “US Dollar vs Japanese Yen”
In case of Yen, the pair may continue growing in the wave (v) of the bullish extension in the wave [iii]. Later, the pair is expected to start the correctional wave [iv] of 5, which may take quite a lot of time.
Probably, the pair has finished the wave (iv) in the form of the double zigzag. On the minor wave level, Yen is starting another growth in the wave iii of the wave (v) of [iii]. It’s highly likely that the market may break the maximum of the wave i on Monday.
AUD USD, “Australian Dollar vs US Dollar”
Probably, Australian Dollar has finished the wave [ii] in the form of the double zigzag. Earlier, the price formed the descending wedge in the wave [i]. Later, the pair may resume its descending movement in the wave [iii].
Probably, the price has completed the double zigzag in the wave [ii]. On the minor wave level, the pair has formed the impulse in the wave c. Consequently, in the nearest future the pair may start another descending movement in the first wave of the wave [iii].
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.
