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Wave Analysis 21.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for April 21st, 2015

EUR USD, “Euro vs US Dollar”

Probably, Euro has started falling and forming the first impulse of wave (iii) of [v] of 3. Most likely, the pair will continue moving downwards.

The pair has completed the correction inside wave (ii) of [v] of 3 in the form of double zigzag. Right now, Euro is forming a large descending impulse inside wave (iii) of [v] of 3.

GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound has finished the large correction inside wave 2 of (3) in the form of flat. Right now, the pair is starting a strong impulse inside wave 3 of (3).

The market is moving below the critical level at 1.5053 and the internal structure of the current descending movement isn’t quite clear yet. Most likely, the pair is forming the first descending impulses inside wave 3 of (3).

USD JPY, “US Dollar vs Japanese Yen”

The pair has completed wave [ii] of 3 in the form of zigzag very close to the critical level. Right now, Yen is making a strong ascending movement inside wave [iii] of 3 of (5).

The price has finished wave [ii] of 3 of (5) with impulse (c) of [ii] of 3 in the form of ending diagonal inside it. Probably, in the nearest future the market may start growing very fast inside wave [iii] of 3 of (5).

USD CAD, “US Dollar vs Canadian Dollar”

Probably, the pair has finished wave (2) of [5] of iii and in the nearest future may start growing inside wave (3) of [5] of iii.

After finishing wave (2) of [5] of iii, the pair has started forming an impulse inside wave (3) of [5] of iii, the structure of which isn’t quite clear yet. Most likely, in the nearest future the pair will continue growing.

RoboForex Analytical Department

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