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CURRENCIES TECHNICAL ANALYSIS May.25

EURUSD

Double zigzag formation on [a] wave came to an end giving us the bearish correction formation futures. Thereafter the further pair lowering might be expected on (a) wave in short-term plan.

GBPUSD

[iii] Extension is over. Due to this the currency consolidation in frames of [iv] correction wave is possible in short-term plans. In future another bullish impulse formation on [v] could take place.

USDJPY

(ii) wave formation seems to come to its end. On (i) the ascending impulse was formed previously. According to this the price could continue to grow and make another bullish impulse in direction of (iii).

AUDUSD

[iii] down-wave extension formation continues. Inside that wave the second wave completes. In short-term plan the market lowering resuming is expected on (iii) wave. Hence soon the (i) wave's minimum breakout is possible.

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