Wave Analysis 29.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for June 29^th, 2015

EUR USD, “Euro vs US Dollar”

Probably, the price has finished the first descending impulse [i] of 1 of (C) of a larger descending movement, which may be followed by a short-term correction inside wave [ii] of 1 of (C) and a new descending movement. An alternative scenario (colored in gray) implies that the pair may yet form horizontal triangle inside wave (B) of [Y].



The pair is still being corrected inside wave [ii] of 1 of (C), which may take the form of double zigzag, after which market is expected to continue falling inside wave [iii] of 1 of (C).

GBP USD, “Great Britain Pound vs US Dollar”

Most likely, after finishing wave [i] of 1 of (3), Pound has started a correction inside wave [ii] of 1 of (3), which may be followed by another descending movement. At the same time, we should note that an alternative scenario (colored in gray) might still happen: it implies that the pair may reach a new local high.



Most likely, wave [ii] of 1 of (3) is taking the form of expanded flat, after which the market continue falling.

USD JPY, “US Dollar vs Japanese Yen”

Probably, only now Yen has completed wave 2 of (5) of [5] in the form of zigzag, with wave [b] of 2 of (5) inside it, which took the form of horizontal triangle. In the future, the market is expected to continue moving upwards.



Most likely, after finishing a descending zigzag inside wave 2 of (5) of [5], the market may start a new ascending movement inside wave 3 of (5) of [5].

USD CAD, “US Dollar vs Canadian Dollar”

Most likely, Canadian Dollar is still being corrected inside wave [2] of i of (iii). After finishing this correction, the market is expected to start growing.



Probably, the price completed wave [2] of i of (iii), but this assumption hasn’t been completed yet. The situation is expected to be cleared up in the nearest future.



 
RoboForex Analytical Department