29 May, 2015
EUR USD, “Euro vs US Dollar”
Probably, Euro has finished wave (i) of [iii] of 1 inside large descending impulse (3) of [C]. Most likely, after completing a local correction, the market will continue moving downwards.
Most likely, wave (ii) of [iii] of 1 is taking the form of double zigzag. To complete the pattern, the pair has to form wave y of (ii) of [iii].
GBP USD, “Great Britain Pound vs US Dollar”
The price has finished wave (i) of [iii] of 1 of a large descending wave (3) of . Most likely, after finishing a short-term correction, the pair will continue falling.
Probably, wave (ii) of [iii] of 1 is taking the form of zigzag. It’s not a perfect scenario, but nevertheless the pair is expected to grow a little bit and complete the current local correction inside wave (ii) of [iii] of 1.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues forming a fast ascending impulse inside wave (5) of . Probably, by now the market has completed wave 3 of (5) of . After a short-term correction inside wave 4 of (5) of , the market is expected to continue growing.
Most likely, the pair hasn’t finished wave 4 of (5) of  yet. After completing it, the market is expected to continue moving upwards inside wave 5 of (5) of .
USD CAD, “US Dollar vs Canadian Dollar”
The price has finished wave I of (iii) of [v] of a large extension, and right now is being corrected inside waveii of (iii) of [v], after which the pair may continue growing.
Most likely, wave ii of (iii) of [v] is taking the form of a descending zigzag, after which the market is expected continue moving upwards inside wave iii 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...