Wave Analysis 10.04.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for April 10^th, 2015

EUR USD, “Euro vs US Dollar”

So, Euro hasn’t been able to form horizontal triangle inside wave [iv] of 3, which has taken the form of double three instead. In the nearest future, the pair is expected to continue falling inside wave [v] of 3.



After finishing double three inside wave [iv] of 3, the pair has started forming a large descending impulse inside wave [v] of 3. Right now, the market is forming wave (iii) of [v] of 3. Later, the price is expected to continue falling.

GBP USD, “Great Britain Pound vs US Dollar”

The price has started moving according to the main scenario, i.e. falling very fast. In the nearest future, the pair is expected to continue falling inside wave (iii) of [iii] of 3.



Most likely, the pair is forming long extensions inside wave [iii] of 3. In the nearest future, the market is expected to complete wave i of (iii) of [iii] and wave ii of (iii) of [iii] as well, may be in the form of zigzag.

USD JPY, “US Dollar vs Japanese Yen”

Yen is moving according to the main scenario slowly and reaching new local highs. In the nearest future, the pair is expected to continue growing inside wave (iii) of [iii] of 3.



Most likely, in the nearest future the pair may complete wave i of (iii) of [iii] and then form a local correction inside wave ii of (iii) of [iii]. Only after that, the price may start growing very fast to break 122.00.

USD CAD, “US Dollar vs Canadian Dollar”

Wave (2) of [5] of iii turned out to be quite short and not deep, after which the pair has formed impulse 1 of (3) of [5] of a long extension. The market is expected to continue growing.



Probably, the price has finished wave 2 of (3) of [5] (or is about to finish during the next several hours). After breaking a local high, the market is expected to start strong ascending movement inside wave 3 of (3) of [5].



 
RoboForex Analytical Department