Wave Analysis 09.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

09.04.2015

Analysis for April 9th, 2015

EUR USD, “Euro vs US Dollar”

Euro is about to finish horizontal triangle inside wave [iv] of 3, which may be followed by another descending movement inside wave [v] of 3 to pass 1.0500.



Most likely, the pair has finished (or is finishing) zigzag inside wave (d) of [iv] of 3 and in the nearest future may form wave (e) of [iv] of 3 and complete the whole correctional structure.




GBP USD, “Great Britain Pound vs US Dollar”

The situation is still unclear as the price continues moving sideways and this movement looks like a correction. Nevertheless, until the pair breaks the critical level, the main scenario remains the same: the market is starting a significant descending movement inside wave [iii] of 3.



Most likely, the pair has completed waves i of (iii) and (ii) of [iii] of a larger wave [iii] of 3. In the nearest future, the market is expected to start falling very fast.




USD JPY, “US Dollar vs Japanese Yen”

Yen is still forming first and second waves inside [iii] of 3, which may be followed by a new growth.



Most likely, the pair has completed wave (i) of [iii] of 3 and right now is expected to form a local correction inside wave (ii) of [iii] of 3. Alter, the price may continue growing.




USD CAD, “US Dollar vs Canadian Dollar”

The chart structure has been changed a bit, but the main scenario remains the same. Most likely, the price has just completed wave [4] of iii with wave (A) of [4] in the form of wedge inside it. The market is expected to start a strong ascending movement inside wave [5] of iii towards 1.2950 – 1.3000.



So, after finishing wave [4] of iii, the price has formed impulse (1) of [5] of iii and right now is expected to start a local correction inside wave (2) of [5] of iii. After this local correction, the market may start a long and strong ascending movement inside wave (3) of [5] of iii.



 
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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