Wave Analysis 05.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

05.06.2015

Analysis for June 5th, 2015

EUR USD, “Euro vs US Dollar”

Probably, Euro has finished the correction inside wave 2 of (C) of [Y] and in the nearest future may start forming quite a large descending zigzag.  



Most likely, the pair has formed wave (i) of [a] of 3 and the correction (ii) of [a] of 3 of a large descending zigzag3 of (C) of [Y]. In the future, the market is expected to continue falling.




GBP USD, “Great Britain Pound vs US Dollar”

Pound has finished wave [ii] of 1 of (3) in the form of double zigzag and in the nearest future may another descending movement inside wave [iii] of 1 of (3).



After completing double zigzag inside wave [ii] of 1 of (3), the pair has finished the first five-wave descending structure inside a larger descending impulse. In the future, the market is expected to continue moving downwards.




USD JPY, “US Dollar vs Japanese Yen”

Probably, the price has finished wave 2 of (5) of [5], which may be followed by a new ascending movement inside wave 3 of (5) of [5].



It looks like wave 2 of (5) of [5] has taken the form of double three. In the nearest future, the market is expected to continue moving upwards inside wave 3 of (5) of [5].




USD CAD, “US Dollar vs Canadian Dollar”

The price has finished wave (ii) of [v] of 3 and in the nearest future may resume moving upwards inside wave (iii) of [v] of 3.



The pair has completed waves [1] of i of (iii) and [2] of i of (iii) inside a new ascending impulse. In the nearest future, the market is expected to start growing inside wave [3] of i (iii).



 
RoboForex Analytical Department

Attention!

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.

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