Analysis for September 15th, 2014
EURUSD, “Euro vs US Dollar”
One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of a large zigzag. The pair is forming a descending impulse A of (E); right now, it is expected to start an ascending correction [iv] of A of (E) of [B].
Possibly, the price is finishing a descending impulse [iii] of A, which may be followed by an ascending correction [iv] of A.
Probably, the pair is completing a descending impulse (v) of [iii] of A, which may be followed by an ascending correction [iv] of A.
GBPUSD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming the final descending wave E of (B) of a large skewed triangle (B), which may take the form of zigzag.
Probably, the price completed an impulse [a] of E of a descending zigzag E of (B) and started forming an ascending correction [b] of E, may be in the form of zigzag.
Possibly, the pair completed a descending impulse (v) of [a] and started forming an ascending correction [b], may be in the form of zigzag.
USDCHF, “US Dollar vs Swiss Franc”
One of the possible scenarios implies that Franc is forming the final ascending wave E, which may take the form of a large zigzag. The price is forming an ascending impulse [a] of E; right now, it is expected to start a descending correction (iv) of [a] of E.
Possibly, the pair is finishing an ascending impulse (iii) of [a], which may be followed by a descending correction (iv) of [a].
Probably, the price is completing an ascending impulse v of (iii) of [a], which may be followed by a descending correction (iv) of [a].
USDJPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse (A). Right now, the price is forming its final ascending impulse 5 of (A).
Possibly, the pair is completing an ascending impulse [iii] of 5, which may be followed by a descending correction [iv] of 5.
Probably, the price is finishing an ascending impulse (v) of [iii] of 5, which may be followed by a descending correction [iv] of 5.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
EUR/USD rises toward 1.0700 after Germany and EU PMI data
EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.
GBP/USD holds above 1.2350 after UK PMIs
GBP/USD clings to modest daily gains above 1.2350 in the European session on Tuesday. The data from the UK showed that the private sector continued to grow at an accelerating pace in April, helping Pound Sterling gather strength.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.