18 May, 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 , 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 . Probably, wave E of (4) of  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
Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...
The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...
Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...
Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...
Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...
After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...
Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...
Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...