Wave Analysis 07.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

07.04.2015

Analysis for April 7th, 2015

EUR USD, “Euro vs US Dollar”

Euro continues forming horizontal triangle inside wave [iv] of 3, after which the market may continue falling inside wave [v] of 3.



Probably, the pair has finished wave (c) of [iv] of 3 and right now is forming zigzag inside wave (d) of [iv] of 3. In the nearest future, the market is expected to complete horizontal triangle inside wave [iv] of 3.




GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound has finished the correction inside wave (ii) of [iii] of 3, which may be followed by a fast descending movement inside wave (iii) of [iii] of 3.



Most likely, the correction inside wave (ii) of [iii] of 3 is taking the form of zigzag. In the nearest future, the market is expected to fall very fast inside wave (iii) of [iii] of 3.




USD JPY, “US Dollar vs Japanese Yen”

Most likely, the price has finished wave [ii] of 3 of (5) and in the nearest future may continue moving upwards and form wave [iii] of 3 of (5).



Most likely, the pair has completed its fast and deep descending movement inside wave [ii] of 3 of (5) in the form of double zigzag. Most likely, in the nearest future, the price will continue growing inside wave [iii] of 3 of (5).




USD CAD, “US Dollar vs Canadian Dollar”

The price is still very close to the critical level and may soon finish wave (2) of [5] of iii. Most likely, in the nearest future, the market will is expected to start forming wave (3) of [5] of iii.



Probably, the pair hasn’t completed double zigzag inside wave (2) of [5] of iii. Most likely, in the nearest future, the market is expected to reach a new local low.



 
RoboForex Analytical Department

Attention!

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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