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

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

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