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Wave Analysis 03.09.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

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

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