Wave Analysis 17.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for June 17^th, 2015

EUR USD, “Euro vs US Dollar”

The situation hasn’t changed much. Euro is still forming double three inside wave (B) of [Y]. Probably, right now, the pair is forming wave X of (B) of [y].



The pair is still moving sideways and in the nearest future may start forming wave iii of (a) of [y]. we can be more sure about this only after the price stays below the confirming level. At the same time, if the market continues moving sideways and breaks the critical level, wave (B) may take the form of double zigzag and the pair may continue its short-term growth.

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues forming double three inside wave (2) of [3]. It looks like right now the pair is forming wave X of (2) of [3].



Probably, wave v of (c) of [x] has taken the form ending diagonal triangle and in the nearest future, the pair is expected to continue falling inside wave [y] of X of (2).

USD JPY, “US Dollar vs Japanese Yen”

The situation hasn’t changed much. Probably, Yen is forming wave [y] of 2 of (5) of double zigzag2 of (5) of [5].



The pair is still moving sideways and in the nearest future may reach a new local low and finish wave [y] of 2 of (5). An alternative scenario (colored in gray) implies that the price may be falling and forming horizontal triangle[x] of 2 of (5).




USD CAD, “US Dollar vs Canadian Dollar”

It looks like Canadian Dollar is still being corrected inside wave (ii) of [v] of 3, which may take the form of double zigzag. In the future, the market is expected to continue moving downwards.



Right now, the price is forming wave [C] of y of (ii). In the future, the market is expected to continue falling and reach a new local low.



 
RoboForex Analytical Department