Wave Analysis 18.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
18.06.2015
Analysis for June 18th, 2015
EUR USD, “Euro vs US Dollar”
Euro is still forming double three inside wave (B) of [Y]. Probably, right now, the pair is forming wave Y of (B) of [y] in the form of an ascending zigzag. In the future, the market is expected to continue moving upwards.
After finishing wave [b] of Y of (B) in the form of horizontal triangle, the pair has started forming wave [c] of Y of (B). In the future, the market is expected to reach a new local high and continue moving upwards.
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 Y of (2) of [3]. In the future, the market is expected to continue growing.
The price is forming an extended wave (iii) of [c] of Y inside an ascending zigzagY of (2) of [3]. In the future, the market is expected to reach a new local high and continue moving upwards.
USD JPY, “US Dollar vs Japanese Yen”
The situation hasn’t changed much. Probably, right now Yen is forming double zigzag2 of (5) of [5]. In the future, the market is expected to reach a new local low and continue moving downwards.
After finishing wave [x] of 2 of (5) in the form of double zigzag, the pair has started falling quite fast while forming zigzag inside wave [y] of 2 of (5). In the future, the market is expected to continue falling and reach a new local low.
USD CAD, “US Dollar vs Canadian Dollar”
It looks like Canadian Dollar is still forming wave (ii) of [v] of 3, which is taking the form of double zigzag. In the nearest future, the market is expected to continue moving downwards and reach a new local low.
Probably, after completing wave [B] of y of (ii) in the form of expanded flat, the price has started forming wave [C] of y of (ii), which may also be quite extended.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.