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.

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