Wave Analysis 28.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for April 28^th, 2015

EUR USD, “Euro vs US Dollar”

The price is still forming (or has already formed) zigzag (c) of [iv] of 3 inside horizontal triangle wave [iv] of 3. In the nearest future, the market is expected to start forming a descending zigzag inside wave (d) of [iv] of 3.



Probably, the pair has already completed wave (c) of [iv] of 3, but this assumption hasn’t been confirmed yet. In the nearest future, the market is expected to start forming a descending zigzag inside wave (d) of [iv] of 3.

GBP USD, “Great Britain Pound vs US Dollar”

The pair is about to finish impulse C of (2) of [3] inside wave (2) of (3). Later, the market is expected to make a short-term ascending movement.



The pair is still forming a fast impulse C of (2) of [3] with several extensions inside. In the nearest future, the price is expected to reach several new local highs.

USD JPY, “US Dollar vs Japanese Yen”

The situation hasn’t changed over the last 24 hours. Probably, the price has finished the first ascending five-wave structure inside wave [iii] of 3 of (5).



Probably, Yen has finished wave (i) of [iii] of 3 and right now is forming (ii) of [iii] of 3 inside wave [iii] of 3 of (5). If the pair breaks the confirming level (crimson line on the chart), the market will continue moving upwards inside wave (iii) of [iii] of 3.

USD CAD, “US Dollar vs Canadian Dollar”

The pair has chosen an alternative scenario, which we discussed in our previous reviews. Most likely, the price is forming zigzag inside wave [iv] of 3. In the future, the market is expected to reach a new local low and start growing inside wave [v] of 3.



So, the price must form one more five-wave structure inside wave [5] of v of (c) of [iv] in order to complete a large zigzag inside wave [iv] of 3.



 
RoboForex Analytical Department