1:11 PM
Wave Analysis 02.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
FXTM Online Analysis Department. www.fxtmonline.com
EUR USD, “Euro vs US Dollar”
Euro is finishing wave (i) of [v] of 3 of a large descending impulse inside wave [v] of 3. Most likely, in the nearest future, the price will start a short-term correction inside wave (ii) of [v] of 3.
The pair is moving below its critical level at 1.1052 and forming the first five-wave structure inside a larger descending impulse. Probably, wave (i) of [v] of 3 hasn’t been completed yet. In the nearest future, the market is expected to finish this wave and start a short-term ascending movement inside wave (ii) of [v] of 3.
GBP USD, “Great Britain Pound vs US Dollar”
The price is falling slowly and forming the first wave of a larger impulse inside wave [iii] of 3. In the nearest future, the market is expected to complete the correction inside wave (ii) of [iii] of 3 and continue moving upwards.
Most likely, wave (i) of [iii] of 3 is taking the form of wedge. Right now, the pair is forming a short-term correction inside wave (ii) of [iii] of 3, after which it is expected to continue falling.
USD JPY, “US Dollar vs Japanese Yen”
Most likely, the price has finished wave [i] of 3 of (5) and right now is about to complete the correction inside wave [ii] of 3 of (5). Most likely, in the nearest future, the pair will continue growing.
The assumption that the pair has finished wave [ii] of 3 of (5) hasn’t been confirmed yet. In the nearest future, the price is expected to complete the correction inside the above-mentioned wave and start growing inside wave [iii] of 3 of (5).
USD CAD, “US Dollar vs Canadian Dollar”
The market continues forming a descending zigzag inside wave (2) of [5] of iii. In the nearest future, the pair is expected to resume moving upwards inside wave (3) of [5] of iii.
The pair is about to complete a fast correction inside wave (2) of [5] of iii in the form of descending zigzag. Most likely, in the nearest future the market will continue growing inside wave (3) of [5] of iii.
FXTM Online Analysis Department. www.fxtmonline.com
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