Article By RoboForex.com
Analysis for April 30th, 2015
EUR USD, “Euro vs US Dollar”
Euro is forming impulse C of (2) of [C] inside expanded flat (2) of [C]. Most likely, in the nearest future the market will continue growing.
Probably, after reaching a new high, the pair may form wave iii of [iii] of C only. An alternative scenario (colored in gray) implies that wave iii of [iii] of C has been already completed.
GBP USD, “Great Britain Pound vs US Dollar”
Similar to Eurodollar, the pair is forming wave [iii] of C of (2) of expanded flat inside wave (2) of [3].
To complete wave iii of C of (2), the pair must form one more five-wave ascending structure. Most likely, in the nearest future the market will continue moving upwards.
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USD JPY, “US Dollar vs Japanese Yen”
Yen hasn’t broken the critical level of wave 2 of (5) and started a new ascending movement. Most likely, right now the market is forming first five-wave ascending structures inside a large ascending wave 3 of (5).
Most likely, Yen has finished the correction [ii] of 3 of (5) with wave (b) of [ii] of 3 in the form of flat inside it. Most likely, in the nearest future the market will continue growing.
USD CAD, “US Dollar vs Canadian Dollar”
Just as we expected, the pair has reached a new local low and right now may start forming a new ascending movement inside wave [v] of 3. However, we can be more sure about this only after the pair forms an ascending impulse and the correction after it.
The price has finished wave [5] of v of (c) of a large descending zigzag [iv] of 3. Most likely, in the nearest future the market will resume moving upwards. An alternative scenario (colored in gray) implies that the price may be falling and still forming wave (3) of [3] of v inside the above-mentioned zigzag. This alternative scenario may become the main one if the market continues moving downwards.
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.
