Article By RoboForex.com
Analysis for April 13th, 2015
EUR USD, “Euro vs US Dollar”
Most likely, it’s only now Euro is about to complete wave (i) of [v] of 3, which may be followed by a short-term ascending zigzag inside wave (ii) of [v] of 3.
Probably, right now the pair is forming a horizontal correction inside wave iv of (i) of [v], after which the market may break the local low and complete the whole wave (i) of [v] of 3.
GBP USD, “Great Britain Pound vs US Dollar”
The price continues reaching new local lows inside wave (iii) of [iii] of 3. Most likely, in the nearest future, the market is expected to complete this wave ad start moving sideways inside wave (iv) of [iii] of 3.
The pair has formed a couple of extensions inside wave (iii) of [iii] of 3. Most likely, in the nearest future, the market is expected to continue falling to complete the whole impulse and then may start moving sideways inside wave (iv) of [iii] of 3.
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USD JPY, “US Dollar vs Japanese Yen”
It looks like wave [i] of 3 of (5) took the form of leading diagonal triangle. Probably, Yen has completed wave [ii] of 3 of (5) and in the nearest future may continue growing inside wave (iii) of [iii] of 3. An alternative scenario (colored in gray) implies that the market may continue inside wave [ii] of 3 of (5), which in this case may take the form of double zigzag.
After finishing leading diagonal triangle inside wave [i] of 3 of (5), the pair has formed quite a short descending zigzag inside wave ii of (iii) of [iii]. In the future, the market may continue growing. An alternative scenario implies (considering that the correction isn’t too deep) that the price may form double zigzag inside wave [ii] of 3 of (5).
USD CAD, “US Dollar vs Canadian Dollar”
Most likely, the pair has finished wave (1) of [5] of iii and then completed a short correction inside wave (2) of [5] of iii. The market is expected to continue growing.
The price has finished a descending zigzag inside wave (2) of [5] of iii, which may be followed by a new ascending movement inside wave (3) of [5] of iii.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
