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Wave Analysis 22.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for May 22nd, 2015

EUR USD, “Euro vs US Dollar”

Euro continues forming a short-term correction [ii] of 1 of (3), after which the pair may continue falling.



The price is forming wave (c) of [ii] of 1 of correction [ii] of 1 of (3), which is taking the form of an ascending zigzag.




GBP USD, “Great Britain Pound vs US Dollar”

Pound has almost completed the correction inside wave [ii] of (3) of [3]. Later, the price is expected to continue falling inside wave [iii] of 1 of (3).



The pair has almost completed wave (c) of [ii] of 1 of an ascending zigzag inside [ii] of 1 of (3). After reaching a new local high, the market is expected to continue falling.




USD JPY, “US Dollar vs Japanese Yen”

Yen has finished impulse 1 of (5) of [5] and almost completed the correction inside wave 2 of (5) of [5]. Later, the market is expected to continue growing.



The correction inside wave 2 of (5) of [5] has taken the form of double zigzag. In the nearest future, the market is expected to continue moving upwards inside wave 3 of (5) of [5].




USD CAD, “US Dollar vs Canadian Dollar”

The price is about to finish the correction inside wave (ii) of [v] of 3, after which it may continue growing inside wave (iii) of [v] of 3.



The correction inside wave (ii) of [v] of 3 is taking the form of double zigzag. After completing it, the market may continue moving upwards.



 
RoboForex Analytical Department

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