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Wave Analysis 11.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for May 11th, 2015

EUR USD, “Euro vs US Dollar”

Most likely, Euro is starting the first five-wave descending structure inside wave (3) of [C]. In the nearest future, the market is expected to finish wave [i] of 1 of (3).



The pair is still falling and forming wave [i] of 1 of (3). In the nearest future, the market is expected to continue moving downwards.




GBP USD, “Great Britain Pound vs US Dollar”

Most likely, Pound hasn’t finished expanded flat inside wave (2) of [3] yet. In order to complete the pattern, the price must reach another high.



The pair is still forming wave C of (2). In order to complete this wave, the market must reach a new local high at least once.




USD JPY, “US Dollar vs Japanese Yen”

Most likely, Yen has finished wave [i] of 3 of (5), after which it may continue growing inside wave [ii] of 3 of (5).



Probably, wave [ii] of 3 of (5) has taken the form of expanded flat, which may be followed by an ascending movement inside wave [iii] of 3 of (5).




USD CAD, “US Dollar vs Canadian Dollar”

Probably, the pair has finished wave (ii) of [v] of 3, which may be followed by a long ascending movement to pass 1.2500 and stay above it.



Probably, the price has completed wave (ii) of [v] of 3 in the form of a descending zigzag. Most likely, in nearest future, the market will continue growing inside wave (iii) of [v] of 3.



 
RoboForex Analytical Department

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