26 May, 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 . 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 . Probably, right now the market is forming wave 3 of (5) of . 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
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...
|8||Fort Financial Services||67%|