Wave Analysis 25.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
25.05.2015
Analysis for May 25th, 2015
EUR USD, “Euro vs US Dollar”
Euro continues moving downwards inside wave (3) of [C]. Right now, the price is extending wave [iii] of 1 of (3). In the nearest future, the market is expected to continue falling.
The price is finishing wave (i) of [iii] of 1, and most likely, in the nearest future the pair will form a short-term correction inside wave (ii) of [iii] of 1.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has started falling inside wave (3) of [3]. Right now, the pair is extending wave [iii] of 1 of (3). Later, the market is expected to continue moving downwards.
The pair is about to complete wave (i) of [iii] of 1. In the nearest future, the market is expected to form a short-term ascending zigzag inside (ii) of [iii] of 1 and then continue falling.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues moving upwards inside wave (5) of [5]. Probably, after finishing wave 1 of (5) of [5] and correction inside wave 2 of (5) of [5], the market has started extending wave 3 of (5) of [5].
Most likely, the pair has finished wave [i] of 3 of (5), which may be followed by a short-term correction inside wave [ii] of 3 of (5). Later, the market is expected to continue growing.
USD CAD, “US Dollar vs Canadian Dollar”
The price is still forming an ascending impulse inside wave [v] of 3. Right now, the pair is extending wave (iii) of [v] of 3. In the nearest future, the market is expected to continue growing.
Probably, the price has completed wave I of (iii) of [v], which may be followed by a short-term descending zigzag inside wave ii of (iii) of [v]. After completing it, the market may continue moving upwards.
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.