RoboForex - Analytics

RoboForex

907.00 5.50/10
77% of positive reviews
Real
How to join the service?

Wave Analysis 29.05.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for May 29th, 2015

EUR USD, “Euro vs US Dollar”

Probably, Euro has finished wave (i) of [iii] of 1 inside large descending impulse (3) of [C]. Most likely, after completing a local correction, the market will continue moving downwards.



Most likely, wave (ii) of [iii] of 1 is taking the form of double zigzag. To complete the pattern, the pair has to form wave y of (ii) of [iii].




GBP USD, “Great Britain Pound vs US Dollar”

The price has finished wave (i) of [iii] of 1 of a large descending wave (3) of [3]. Most likely, after finishing a short-term correction, the pair will continue falling.



Probably, wave (ii) of [iii] of 1 is taking the form of zigzag. It’s not a perfect scenario, but nevertheless the pair is expected to grow a little bit and complete the current local correction inside wave (ii) of [iii] of 1.




USD JPY, “US Dollar vs Japanese Yen”

Yen continues forming a fast 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 inside wave 4 of (5) of [5], the market is expected to continue growing.



Most likely, the pair hasn’t finished wave 4 of (5) of [5] yet. After completing it, the market is expected to continue moving upwards inside wave 5 of (5) of [5].




USD CAD, “US Dollar vs Canadian Dollar”

The price has finished wave I of (iii) of [v] of a large extension, and right now is being corrected inside wave ii of (iii) of [v], after which the pair may continue growing.



Most likely, wave ii of (iii) of [v] is taking the form of a descending zigzag, after which the market is expected continue moving upwards inside wave iii of (iii) of [v].



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree