Analysis for April 7th, 2015
EUR USD, “Euro vs US Dollar”
Euro continues forming
horizontal triangle inside wave
[iv] of 3, after which the market may continue falling inside wave
[v] of 3.
Probably, the pair has finished wave
(c) of [iv] of 3 and right now is forming
zigzag inside wave
(d) of [iv] of 3. In the nearest future, the market is expected to complete
horizontal triangle inside wave
[iv] of 3.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound has finished the correction inside wave
(ii) of [iii] of 3, which may be followed by a fast descending movement inside wave
(iii) of [iii] of 3.
Most likely, the correction inside wave
(ii) of [iii] of 3 is taking the form of
zigzag. In the nearest future, the market is expected to fall very fast inside wave
(iii) of [iii] of 3.
USD JPY, “US Dollar vs Japanese Yen”
Most likely, the price has finished wave
[ii] of 3 of (5) and in the nearest future may continue moving upwards and form wave
[iii] of 3 of (5).
Most likely, the pair has completed its fast and deep descending movement inside wave
[ii] of 3 of (5) in the form of
double zigzag. Most likely, in the nearest future, the price will continue growing inside wave
[iii] of 3 of (5).
USD CAD, “US Dollar vs Canadian Dollar”
The price is still very close to the critical level and may soon finish wave
(2) of [5] of iii. Most likely, in the nearest future, the market will is expected to start forming wave
(3) of [5] of iii.
Probably, the pair hasn’t completed
double zigzag inside wave
(2) of [5] of iii. Most likely, in the nearest future, the market is expected to reach a new local low.
RoboForex Analytical Department