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Wave Analysis 28.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for May 28th, 2015

EUR USD, “Euro vs US Dollar”

Euro continues falling inside a large descending impulse (3) of [C]. Right now, the price is extending wave [iii] of 1 of (3). In the future, the market is expected to continue moving downwards.



Most likely, the price has finished wave (i) of [iii] of 1. In the nearest future, the pair is expected to form a short-term ascending zigzag inside wave (ii) of [iii] of 1.




GBP USD, “Great Britain Pound vs US Dollar”

The price continues forming wave (3) of [3]. Right now, the price is extending wave [iii] of 1 of (3). In the nearest future, the market is expected to continue falling.



Most likely, the pair has completed wave (i) of [iii] of 1. After a short-term zigzag inside wave (ii) of [iii] of 1, the market may continue moving downwards.




USD JPY, “US Dollar vs Japanese Yen”

Yen continues reaching new highs and forming an ascending impulse inside wave (5) of [5]. Probably, by now the market has completed wave 3 of (5) of [5]. After a short-term correction, the market is expected to continue growing.



Probably, the pair has finished wave 3 of (5) of [5], which may be followed by a sideways correction inside wave 4 of (5) of [5].




USD CAD, “US Dollar vs Canadian Dollar”

The price continues reaching new highs while forming wave [v] of 3. Most likely, right now, the pair is extending this wave. In the future, after a short-term correction, the market is expected to continue growing.



Most likely, the price has finished a five-wave structure inside wave i of (iii) of [v]. After completing zigzag inside wave ii of (iii) of [v], the market is expected continue moving upwards.



 
RoboForex Analytical Department

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