Wave Analysis 09.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

09.04.2015

Analysis for April 9th, 2015

EUR USD, “Euro vs US Dollar”

Euro is about to finish horizontal triangle inside wave [iv] of 3, which may be followed by another descending movement inside wave [v] of 3 to pass 1.0500.



Most likely, the pair has finished (or is finishing) zigzag inside wave (d) of [iv] of 3 and in the nearest future may form wave (e) of [iv] of 3 and complete the whole correctional structure.




GBP USD, “Great Britain Pound vs US Dollar”

The situation is still unclear as the price continues moving sideways and this movement looks like a correction. Nevertheless, until the pair breaks the critical level, the main scenario remains the same: the market is starting a significant descending movement inside wave [iii] of 3.



Most likely, the pair has completed waves i of (iii) and (ii) of [iii] of a larger wave [iii] of 3. In the nearest future, the market is expected to start falling very fast.




USD JPY, “US Dollar vs Japanese Yen”

Yen is still forming first and second waves inside [iii] of 3, which may be followed by a new growth.



Most likely, the pair has completed wave (i) of [iii] of 3 and right now is expected to form a local correction inside wave (ii) of [iii] of 3. Alter, the price may continue growing.




USD CAD, “US Dollar vs Canadian Dollar”

The chart structure has been changed a bit, but the main scenario remains the same. Most likely, the price has just completed wave [4] of iii with wave (A) of [4] in the form of wedge inside it. The market is expected to start a strong ascending movement inside wave [5] of iii towards 1.2950 – 1.3000.



So, after finishing wave [4] of iii, the price has formed impulse (1) of [5] of iii and right now is expected to start a local correction inside wave (2) of [5] of iii. After this local correction, the market may start a long and strong ascending movement inside wave (3) of [5] of iii.



 
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