Wave Analysis 30.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
30.06.2015
Analysis for June 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected inside wave [ii] of 1 of (C), after which the pair may continue moving downwards.
The pair has finished the first “leg” (a) of [ii] of 1 of an ascending zigzag. After completing a short-term correction inside wave (b) of [ii] of 1, the market may reach a new local high while forming wave (c) of [ii] of 1.
GBP USD, “Great Britain Pound vs US Dollar”
The situation isn’t changing. Considering that the previous local growth looked like a three-wave structure, we may assume that the price has already completed wave [ii] of 1 of (3) and in the nearest future may continue falling.
Probably, wave [ii] of 1 of (3) has been finished in the form of an ascending zigzag, after which the market may continue moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
The situation hasn’t changed over the last 24 hours. Probably, Yen has completed wave 2 of (5) of [5] and may continue moving upwards.
The main scenario remains the same until the price breaks the critical level: in the nearest future, the market may start a new ascending movement inside wave 3 of (5) of [5].
USD CAD, “US Dollar vs Canadian Dollar”
After finishing wave [1] of i of (iii) and the short-term correction inside wave [2] of i of (iii), Canadian Dollar is expected to continue growing inside wave [3] of i of (iii), which may be extended.
In the nearest future, the price is expected to form a short-term correction inside wave (2) of [3] of i, after which the market may continue growing inside wave (3) of [3] of i.
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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.