Wave Analysis 26.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

May 26, 2015

EUR USD, “Euro vs US Dollar”

Euro continues moving downwards and forming wave [iii] of 1 of (3) inside a large impulse (3) of [C]. In the future, the market is expected to continue falling.

Moist likely, the price has finished wave (i) of [iii] of 1 and wave (ii) of [iii] of 1 in the form of flat. In the nearest future, the market is expected to continue falling. However, an alternative scenario (colored in gray) implies that the pair may be still forming wave (ii) of [iii] of 1.

GBP USD, “Great Britain Pound vs US Dollar”

Just like in case of Euro, Pound is forming wave [iii] of 1 of (3) of a large descending impulse (3) of [3]. In the nearest future, the market is expected to continue moving downwards.

The pair has completed wave (i) of [iii] of 1 and wave (ii) of [iii] of 1, which took the form of zigzag. In the nearest future, the market is expected to continue falling.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues extending impulse inside wave (5) of [5]. Probably, right now the market is forming wave 3 of (5) of [5]. Later, the market is expected to continue growing.

It looks like the pair has finished wave [ii] of 3 of (5) and right now is forming wave [iii] of 3 of (5). I the future, the market is expected to continue moving upwards.

USD CAD, “US Dollar vs Canadian Dollar”

The price is still forming an ascending impulse inside wave [v] of 3. By now, the pair has already finished waves (i) of [v] of 3 and (ii) of [v] of 3. In the nearest future, the market is expected to continue growing and form wave (iii) of [v] of 3.

The price has completed wave (ii) of [v] of 3 and right now is forming wave (iii) of [v] of 3. After completing it, the market may continue moving upwards.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

FXCM Rating
Orbex Rating
OctaFX Rating
FIBO Group Rating
Vantage FX Rating
Grand Capital Rating

24option Rating
TopOption Rating
Banc De Binary Rating
Beeoptions Rating
TropicalTrade Rating
IQ Option Rating