RoboForex - Analytics

RoboForex

986.75 5.25/10
76% of positive reviews
Real
How to join the service?

Wave Analysis 26.08.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for August 26th, 2015

EUR USD, “Euro vs US Dollar”

The depth of the current correction suggests that Eurodollar has finished the wave (iv) of [c] of Y and right now is forming the final impulse inside the wave (v) of [c] of Y.



After completing the correction (iv) of [c] of Y, Eurodollar has formed the first five-wave structure i of (v) of [c] and the local correction ii of (v) of [c]. In the nearest future, the market is expected to resume moving upwards and reach a new local high in the wave iii of (v) of [c].




GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound has formed three first waves inside the large extension in the wave C of (2) of [3]. In the nearest future, the market is expected to continue growing.



After finishing another ascending impulse, the pair has formed the local correction ii of (iii) of [iii]. Probably, in the nearest future the market may continue moving upwards and reach new local highs.




USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen has completed the wave 4 of (C) of [A]. After finishing the local correction, the pair is expected to form another large five-wave descending structure in the wave 5 of (C) of [A].



After finishing the wave 4 of (C) of [A] in the form the double zigzag, Yen has formed the first five-wave descending structure [i] of 5 of (C) and the local correction [ii] of 5 of (C). Later, the pair is expected to continue falling.




USD CAD, “US Dollar vs Canadian Dollar”

Despite a significant “drawdown” of the US Dollar against other currencies, the pair is still growing and strengthening the USD. Most likely, the price has formed the extension in the wave [v] of 5 of (A) and may continue moving upwards.



Most likely, the pair has just finished the extension in the wave (iii) of [v] of 5. After completing the local correction ii of (iii) of [v], the price may continue growing.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree