Wave Analysis 15.04.2015

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

Forex Trading |News Daily Update |FXTM Online Analysis Department.

Euro vs US Dollar

Probably, Euro has finished the correction inside wave (ii) of [v] of 3 in the form of zigzag. In the nearest future, the market is expected to continue falling inside wave (iii) of [v] of 3.



Probably, the pair has formed the first five-wave structure inside wave (iii) of [v] of 3. Most likely, in the nearest future, the pair will continue falling.

Great Britain Pound vs US Dollar

Probably, the price has finished the correction inside wave [ii] of 3, which may be followed by a new descending movement inside wave [iii] of 3.



After a fast impulse inside wave [i] of 3, the market has formed an ascending zigzag inside wave [ii] of 3, Most likely, in the nearest future, the pair will continue moving downwards inside wave [iii] of 3.

US Dollar vs Japanese Yen

After finishing leading diagonal triangle inside wave [i] of 3, the pair has formed a descending zigzag inside wave [ii] of 3. In the nearest future, the market may continue growing and form wave [iii] of 3.



The pair has completed the correction inside wave [ii] of 3 in the form of zigzag with running flat (b) of [ii] of 3 inside it. Probably, right now the price is starting a new ascending movement inside wave [iii] of 3.

US Dollar vs Canadian Dollar

The correction inside wave (2) of [5] of iii is getting deeper, but it doesn’t affect the main scenario: most likely, in the nearest future, the market will continue growing inside wave (3) of [5] of iii.



The pair has finished the descending correction (2) of [5] of iii in the form of zigzag with horizontal triangleB of (2) of [5] inside it. The critical level hasn’t been broken, which means that in the nearest future the pair is expected to resume growing inside wave (3) of [5] of iii to break 1.3000.



 

Forex Trading |News Daily Update |FXTM Online Analysis Department.