Analysis for May 25th, 2015
EUR USD, “Euro vs US Dollar”
Euro continues moving downwards inside wave
(3) of [C]. Right now, the price is
extending wave
[iii] of 1 of (3). In the nearest future, the market is expected to continue falling.
The price is finishing wave
(i) of [iii] of 1, and most likely, in the nearest future the pair will form a short-term correction inside wave
(ii) of [iii] of 1.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has started falling inside wave
(3) of [3]. Right now, the pair is
extending wave
[iii] of 1 of (3). Later, the market is expected to continue moving downwards.
The pair is about to complete wave
(i) of [iii] of 1. In the nearest future, the market is expected to form a short-term ascending
zigzag inside
(ii) of [iii] of 1 and then continue falling.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues moving upwards inside wave
(5) of [5]. Probably, after finishing wave
1 of (5) of [5] and correction inside wave
2 of (5) of [5], the market has started
extending wave
3 of (5) of [5].
Most likely, the pair has finished wave
[i] of 3 of (5), which may be followed by a short-term correction inside wave
[ii] of 3 of (5). Later, the market is expected to continue growing.
USD CAD, “US Dollar vs Canadian Dollar”
The price is still forming an ascending impulse inside wave
[v] of 3. Right now, the pair is
extending wave
(iii) of [v] of 3. In the nearest future, the market is expected to continue growing.
Probably, the price has completed wave
I of (iii) of [v], which may be followed by a short-term descending
zigzag inside wave
ii of (iii) of [v]. After completing it, the market may continue moving upwards.
RoboForex Analytical Department