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Wave Analysis 13.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for April 13th, 2015

EUR USD, “Euro vs US Dollar”

Most likely, it’s only now Euro is about to complete wave (i) of [v] of 3, which may be followed by a short-term ascending zigzag inside wave (ii) of [v] of 3.



Probably, right now the pair is forming a horizontal correction inside wave iv of (i) of [v], after which the market may break the local low and complete the whole wave (i) of [v] of 3.




GBP USD, “Great Britain Pound vs US Dollar”

The price continues reaching new local lows inside wave (iii) of [iii] of 3. Most likely, in the nearest future, the market is expected to complete this wave ad start moving sideways inside wave (iv) of [iii] of 3.



The pair has formed a couple of extensions inside wave (iii) of [iii] of 3. Most likely, in the nearest future, the market is expected to continue falling to complete the whole impulse and then may start moving sideways inside wave (iv) of [iii] of 3.




USD JPY, “US Dollar vs Japanese Yen”

It looks like wave [i] of 3 of (5) took the form of leading diagonal triangle. Probably, Yen has completed wave [ii] of 3 of (5) and in the nearest future may continue growing inside wave (iii) of [iii] of 3. An alternative scenario (colored in gray) implies that the market may continue inside wave [ii] of 3 of (5), which in this case may take the form of double zigzag.



After finishing leading diagonal triangle inside wave [i] of 3 of (5), the pair has formed quite a short descending zigzag inside wave ii of (iii) of [iii]. In the future, the market may continue growing. An alternative scenario implies (considering that the correction isn’t too deep) that the price may form double zigzag inside wave [ii] of 3 of (5).




USD CAD, “US Dollar vs Canadian Dollar”

Most likely, the pair has finished wave (1) of [5] of iii and then completed a short correction inside wave (2) of [5] of iii. The market is expected to continue growing.



The price has finished a descending zigzag inside wave (2) of [5] of iii, which may be followed by a new ascending movement inside wave (3) of [5] of iii.



 
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