Analysis for April 22nd, 2015
Probably, Euro has finished the first five-wave structure, i of (iii) of [v], inside wave (iii) of [v] of 3. However, an alternative scenario is becoming more and more real. It implies the pair is forming horizontal triangle inside wave [iv] of 3. The situation will become clearer in the nearest future.
EUR USD, “Euro vs US Dollar”
The pair has already completed leading diagonal triangle i of (iii) of [v] inside wave (iii) of [v] of 3. After completing the correction inside wave ii of (iii) of [v], Euro is expected to continue falling.
GBP USD, “Great Britain Pound vs US Dollar”The situation hasn’t changed over the last 24 hours. Most likely, Pound has finished the large wave 2 of (3) in the form of flat and right now is forming a large descending impulse inside wave 3 of (3). An alternative scenario implies that the market is forming a larger impulse [c] of 2 of (3). This scenario may become the main one if the price is able to stay above the critical level at 1.5053.
It looks like the market has completed wave [i] of 3 of (3) and right now is being corrected inside wave [ii] of 3 of (3). Most likely, in the nearest future the pair will continue moving downwards.
USD JPY, “US Dollar vs Japanese Yen”Probably, the pair has completed impulse (i) of [iii] of 3 and the correction (ii) of [iii] of 3 inside wave [iii] of 3 of (5). Later, Yen is expected to resume growing.
The price has finished the first impulse (i) of [iii] of 3 and right now is being corrected inside wave (ii) of [iii] of 3. In the nearest future, the market is expected to start growing inside wave (iii) of [iii] of 3.
USD CAD, “US Dollar vs Canadian Dollar”The current ascending movement is quite slow, but still. After finishing wave (1) of  of iii and the correction inside wave (2) of  of iii, the pair has formed the first five-wave structure inside wave (3) of  of iii. Most likely, in the nearest future the pair will continue growing. However, an alternative scenario implies that the market is forming a more complicated structure inside wave  of iii and needs one more descending movement towards 1.2025 – 1. 2050 to complete it. This scenario may become the main one if the price breaks 1.2088.
Probably, wave 1 of (3) of  has taken the form of leading diagonal triangle and right now the price is being corrected inside wave 2 of (3) of . In the nearest future, the pair is expected to continue growing.
RoboForex Analytical Department
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