Forecast for April 25th, 2016
EUR USD, “Euro vs US Dollar”
After finishing the diagonal triangle
in the wave c of (y)
, Eurodollar is trying to resume its decline. It looks like the price has completed the correctional wave ii
and started falling in the wave iii
. It’s highly likely that in the nearest future the market may continue moving downwards.
More detailed structure is shown on the H1 chart. Probably, the wave ii
took the form of the double zigzag
and was followed by the bearish impulse in the wave 
. Right now, the correction is taking place, which may be followed by a further decline in the wave  of i
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues forming the correctional wave 4
. It looks like right now the price is about to finish the zigzag [y]
in the double three
. Consequently, in the nearest future the market may reverse downwards and start falling.
More detailed structure if the wave (c)
is shown on the H1 chart. Right now, the pair is about to complete the fifth wave of the wave (c)
. It’s highly likely that on Monday Pound may start forming the bearish impulse. In this case, the market will resume its descending movement.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen continues growing in the wave (iii)
and has already reached several new highs. Earlier, after finishing the bearish impulse in the wave C
, the price formed the ascending impulse in the wave (i)
. It’s highly likely that in the nearest future the market may continue moving upwards.
At the H1 chart, the pair is forming an ascending extension
in the wave iii
. On the minor wave level, Pound has completed the wave 
and may start a new correction very soon. After finishing the correction, bull may try to push the price upwards in the wave  of iii
AUD USD, “Australian Dollar vs US Dollar”
It looks like Australian Dollar has finished the ascending impulse in the wave [c] of 4.
Consequently, in the nearest future the market may form the bearish impulse in the wave (i)
, thus starting a descending correction, at least.
As we can see at the H1 chart, after finishing the wave v of (v)
, the market formed the bearish impulse in the wave i
and the local correction, which was followed by the descending wave iii
. Possibly, the price may reach new lows this week.
RoboForex Analytical Department
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