Wave Analysis 29.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
29.05.2015
Analysis for May 29th, 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 [3]. 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 [5]. Probably, by now the market has completed wave 3 of (5) of [5]. After a short-term correction inside wave 4 of (5) of [5], the market is expected to continue growing.
Most likely, the pair hasn’t finished wave 4 of (5) of [5] yet. After completing it, the market is expected to continue moving upwards inside wave 5 of (5) of [5].
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 wave ii 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].
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