Analysis for May 6th, 2015
EUR USD, “Euro vs US Dollar”
Euro is about to complete the correction inside wave
(2) of [C], which is taking the form of
expanded flat. Most likely, in the nearest future the market is will reach a new local high.
Probably, Euro is about to complete wave
[iv] of C of (2) in the form of
double zigzag, after which the market is expected to grow inside wave
[v] of C of (2) and complete the whole correctional pattern.
GBP USD, “Great Britain Pound vs US Dollar”
Most likely, Pound has finished wave
1 of (3) of [3] and right now is forming wave
2 of (3) of [3] in the form of an ascending
zigzag.
Probably, the pair has completed only wave
[a] of 2 of (3) of an ascending
zigzag2 of (3) of [3]. In the nearest future, the market is expected to form wave
[b] of 2 of (3) and impulse
[c] of 2 of (3).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen has finished wave
1 of (5) of [5] and right now is forming wave
2 of (5) of [5], which may be followed by a fast ascending movement inside wave
3 of (5) of [5].
Most likely, wave
2 of (5) of [5] is taking the form of
expanded flat. Probably, the pair hasn’t finished wave
[c] of 2 of (5) yet.
USD CAD, “US Dollar vs Canadian Dollar”
Most likely, the pair has finished wave
(ii) of [v] of 3, which may be followed by a serious ascending movement inside wave
(iii) of [v] of 3 to pass 1.3000.
The price has completed a descending
zigzag(ii) of [v] of 3. In the nearest future, the market is expected to start growing inside wave
(iii) of [v] of 3.
RoboForex Analytical Department