Wave Analysis 25.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

May 25, 2015

EUR USD, “Euro vs US Dollar”

Euro continues moving downwards inside wave (3) of [C]. Right now, the price is extending wave [iii] of 1 of (3). In the nearest future, the market is expected to continue falling.

The price is finishing wave (i) of [iii] of 1, and most likely, in the nearest future the pair will form a short-term correction inside wave (ii) of [iii] of 1.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has started falling inside wave (3) of [3]. Right now, the pair is extending wave [iii] of 1 of (3). Later, the market is expected to continue moving downwards.

The pair is about to complete wave (i) of [iii] of 1. In the nearest future, the market is expected to form a short-term ascending zigzag inside (ii) of [iii] of 1 and then continue falling.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues moving upwards inside wave (5) of [5]. Probably, after finishing wave 1 of (5) of [5] and correction inside wave 2 of (5) of [5], the market has started extending wave 3 of (5) of [5].

Most likely, the pair has finished wave [i] of 3 of (5), which may be followed by a short-term correction inside wave [ii] of 3 of (5). Later, the market is expected to continue growing.

USD CAD, “US Dollar vs Canadian Dollar”

The price is still forming an ascending impulse inside wave [v] of 3. Right now, the pair is extending wave (iii) of [v] of 3. In the nearest future, the market is expected to continue growing.

Probably, the price has completed wave I of (iii) of [v], which may be followed by a short-term descendingzigzag inside wave ii of (iii) of [v]. After completing it, the market may continue moving upwards.

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