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Wave Analysis 25.02.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for February 25th, 2015

EUR USD, “Euro vs US Dollar”

Euro continues moving inside a narrow trading range. Probably, the price has completed horizontal triangle inside wave (iv) of [iii] and right now is forming first five-wave structures inside a larger wave (v) of [iii]. At the same time, the fact that the market doesn’t move downwards may result in an alternative scenario (colored in gray), which implies that the price may be still growing inside wave y of (iv) of a larger double zigzag. This alternative scenario may become the main one if the pair is able to stay above 1.1429.



Probably, the pair has completed impulse i of (v) of [iii] of a larger wave (v) of [iii]. In the nearest future, the price is expected to finish the correction inside wave ii of (v) of [iii] and start a new descending movement.




GBP USD, “Great Britain Pound vs US Dollar”

As we can see at the H4 chart, the structure of wave 4 of (1) has changed a little bit. Most likely, this correctional wave is taking the form of zigzag with wave [c] of 4 in the form of ending diagonal. After finishing the correction inside wave 4 of (1), the market is expected to start falling inside a larger wave 5 of (1).



The pair is about to complete a possible ending diagonal inside wave [c] of 4 of (1). Right now, the pair is forming wave c of (v) of [c]. In the nearest future, the market is expected to reverse and stat forming first five-wave descending structures.




USD JPY, “US Dollar vs Japanese Yen”

The situation isn’t changing. After finishing horizontal triangle inside wave (4) of [5], the price is forming first ascending impulses of a larger wave (5) of [5].



As we can see at the H1 chart, the situation has changed a little bit. Probably, after forming wave [i] of 3, the price has completed wave [ii] of 3 in the form of running flat. Right now, the market is expected to start a new ascending movement. At the same time, there is a risk that the correction inside wave 2 of (5) of [5] may become much deeper and take the form of double zigzag.




USD CAD, “US Dollar vs Canadian Dollar”

The market is moving according to the forecast: most likely, it is about to finish horizontal triangle inside wave (4) of [3] and after that it may start a new ascending movement inside wave (5) of [3].



So, the pair has finished wave D of (4) and almost completed wave E of (4). In the nearest future, the market is expected to start forming first impulses inside wave (5) of [3].



 
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