27 May, 2015
EUR USD, “Euro vs US Dollar”
Euro continues falling inside a large descending impulse (3) of [C]. Right now, the price is extending wave[iii] of 1 of (3). In the future, the market is expected to continue moving downwards.
Probably, the price has formed three 1-2 patterns in a row, and after finishing an ascending zigzag inside wave ii of (iii) of [iii], it may continue falling. However, if the correction becomes deeper, this ascending zigzag will be marked as wave (ii) of [iii] of 1.
GBP USD, “Great Britain Pound vs US Dollar”
The price continues falling, but not as fast as in other USD currency pairs. Probably, in the nearest future the market may reach several new local lows while forming wave [iii] of 1 of (3).
Just like in case of Euro, the pair has probably completed the third consecutive 1-2 pattern. After finishing wave ii of (iii) of [iii] in the form of an ascending zigzag, the market may continue falling.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues forming an ascending impulse inside wave (5) of . Probably, right now the market isextending wave 3 of (5) of . Later, the market is expected to continue growing.
It looks like the pair is still forming wave [iv] of 3 of (5), the form of which isn’t quite clear yet. Most likely, in the nearest future the market will continue moving upwards inside wave [v] of 3 of (5).
USD CAD, “US Dollar vs Canadian Dollar”
The price is still moving upwards inside wave [v] of 3. Right now, the pair is extending wave (iii) of [v] of 3. In the future, the market is expected to continue growing.
The price is moving inside an ascending channel and extending wave (iii) of [v] of 3. Right now, the pair is forming wave iv of (iii) of [v]. After completing it, the market may continue moving upwards and form wave v of (iii) of [v].
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...