Wave Analysis 18.05.2015

May 18, 2015

EUR USD, “Euro vs US Dollar”

It looks like Euro hasn’t finished expanded flat inside wave (2) of [C] yet. The market is expected to reach a new local high in the nearest future. Most likely, wave [v] of C of (2) is taking the form of ending diagonal triangle. Right now, the pair is finishing wave (v) of [v] of C of this pattern. In the future, the market is expected to reach a new local high.

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues forming expanded flat inside wave (2) of [3], which maybe completed very soon. In the future, the market is expected to reach a new local high. The pair continues moving sideways, which means that the price may be forming horizontal triangle inside wave (iv) of [v] of C. After completing this pattern, the market is expected to reach a new local high.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues forming horizontal triangle inside wave (4) of [5]. Probably, wave E of (4) of [5] is also taking the form of horizontal triangle. Most likely, the pair is forming an ascending zigzag inside wave [d] of E of (4), which may be followed byzigzag inside wave [e] of E of (4).

USD CAD, “US Dollar vs Canadian Dollar”

Probably, the price has finished the first impulse inside wave (i) of [v] of 3 of a large ascending wave. After wave (ii) of [v] of 3 is completed, we can expect a long-term growth. After a fast impulse inside wave (i) of [v] of 3, the pair is being corrected inside wave (ii) of [v] of 3, which may take the form of double three. In the nearest future, the market is expected to continue growing inside wave (iii) of [v] of 3.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

Orbex Rating
OctaFX Rating
Larson&Holz IT Ltd Rating
FXCM Rating
Vantage FX Rating
FIBO Group Rating

TropicalTrade Rating
Binary Brokerz Rating
Anyoption Rating
24option Rating
IQ Option Rating
OptionBit Rating