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Wave Analysis 27.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for April 27th, 2015

EUR USD, “Euro vs US Dollar”

Probably, wave [iv] of 3 is taking the form of horizontal triangle after all. Right now, Euro is finishing zigzag (c) of [iv] of 3 of the above-mentioned triangle. In the nearest future, the market is expected to start forming a descending zigzag inside wave (d) of [iv] of 3.



Probably, the pair has already completed zigzag (c) of [iv] of 3 and in the nearest future may start a short-term descending movement inside wave (d) of [iv] of 3 towards 1.0625 – 1.0665. We can be more sure about this only after the price stays below the confirming level (crimson line on the chart).




GBP USD, “Great Britain Pound vs US Dollar”

I’ve turned to another scenario, which, in my opinion, is more possible and implies that right now the pair is still forming flat inside wave (2) of (3). Most likely, in the nearest future the market will complete this pattern and start a fast descending movement inside wave (3) of [3].



Probably, the pair is about to complete wave C of (2) in the form of ending diagonal triangle. To finish this impulse, the price must form a correction inside wave [iv] of C of (2) and zigzag inside wave [v] of C of (2).




USD JPY, “US Dollar vs Japanese Yen”

The chart structure has been changed a bit, but the mains scenario remains the same. Most likely, wave (4) of [5] took the form of flat, after which the price started forming leading diagonal triangle inside wave 1 of (5) of [5]. In the nearest future, the market is expected to continue growing.



Most likely, wave [ii] of 3 of (5) has taken the form of expanded flat, after which Yen may continue moving upwards.




USD CAD, “US Dollar vs Canadian Dollar”

So, the pair hasn’t been able to break the critical level and right now is making a strong ascending movement inside wave [v] of 3 with extensions inside it.



Wave ii of (i) has taken the form of zigzag with quite an extended wave [C] of ii inside it. Most likely, in the nearest future, the market will grow fast and form wave iii of (i).



 
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