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Wave Analysis 20.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for May 20th, 2015

EUR USD, “Euro vs US Dollar”

Euro continues forming a large descending impulse inside wave (3) of [C]. Probably, right now, the pair is finishing wave [i] of 1 of (3).



Probably, the price is about to complete wave [i] of 1 of (3), which may be followed by a short-term ascending zigzag inside wave [ii] of 1 of (3).




GBP USD, “Great Britain Pound vs US Dollar”

Pound has finished expanded flat inside wave (2) of [3] yet and right now is forming wave (3) of [3].



Probably, in the nearest future the price may complete wave [i] of 1 of (3) of a large descending impulse. The market is expected to reach a new local high and complete the first five-wave descending structure.




USD JPY, “US Dollar vs Japanese Yen”

Yen has finished horizontal triangle inside wave (4) of [5] with wave E of (4) inside it also in the form of horizontal triangle. In the nearest future, the market is expected to continue growing inside wave (5) of [5].



It looks like the pair is about to finish wave 1 of (5) of [5], which may be followed by a descending zigzag inside wave 2 of (5) of [5].




USD CAD, “US Dollar vs Canadian Dollar”

The price continues forming wave (i) of [v] of 3 of a large ascending impulse. After finishing the local correction inside wave (ii) of [v] of 3, the pair is expected to start a long-term ascending movement to pass 1.3000.



It looks like the pair is about to wave (i) of [v] of 3, which may be followed by a short-term zigzag inside wave (ii) of [v] of 3. In the future, the market is expected to continue growing.



 
RoboForex Analytical Department

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