Wave Analysis 02.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

02.04.2015

Analysis for April 2nd, 2015

EUR USD, “Euro vs US Dollar”

Euro is finishing wave (i) of [v] of 3 of a large descending impulse inside wave [v] of 3. Most likely, in the nearest future, the price will start a short-term correction inside wave (ii) of [v] of 3.



The pair is moving below its critical level at 1.1052 and forming the first five-wave structure inside a larger descending impulse. Probably, wave (i) of [v] of 3 hasn’t been completed yet. In the nearest future, the market is expected to finish this wave and start a short-term ascending movement inside wave (ii) of [v] of 3.




GBP USD, “Great Britain Pound vs US Dollar”

The price is falling slowly and forming the first wave of a larger impulse inside wave [iii] of 3. In the nearest future, the market is expected to complete the correction inside wave (ii) of [iii] of 3 and continue moving upwards.



Most likely, wave (i) of [iii] of 3 is taking the form of wedge. Right now, the pair is forming a short-term correction inside wave (ii) of [iii] of 3, after which it is expected to continue falling.




USD JPY, “US Dollar vs Japanese Yen”

Most likely, the price has finished wave [i] of 3 of (5) and right now is about to complete the correction inside wave [ii] of 3 of (5). Most likely, in the nearest future, the pair will continue growing.



The assumption that the pair has finished wave [ii] of 3 of (5) hasn’t been confirmed yet. In the nearest future, the price is expected to complete the correction inside the above-mentioned wave and start growing inside wave [iii] of 3 of (5).




USD CAD, “US Dollar vs Canadian Dollar”

The market continues forming a descending zigzag inside wave (2) of [5] of iii. In the nearest future, the pair is expected to resume moving upwards inside wave (3) of [5] of iii.



The pair is about to complete a fast correction inside wave (2) of [5] of iii in the form of descending zigzag. Most likely, in the nearest future the market will continue growing inside wave (3) of [5] of iii.



 
RoboForex Analytical Department

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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