Wave Analysis 11.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

11.06.2015

Analysis for June 11th, 2015

EUR USD, “Euro vs US Dollar”

Euro is still being corrected inside wave (B) of [Y]. Probably, right now, the pair is forming the “leg” [c] of Y of (B) of zigzag inside double three. In the future, the pair is expected to continue growing.



The pair has finished wave (i) of [c] of Y and right now is being corrected inside wave (ii) of [c] of Y. Later, the market is expected to continue moving upwards.




GBP USD, “Great Britain Pound vs US Dollar”

Most likely, the correction inside wave (2) of [3] is also taking the form of double three (the same as Euro). It looks like the pair is about to complete the correction [x] of X of (2) inside double zigzagX of (2) of [3]. In the future, the market is expected to make a short-term ascending movement.



The pair is finishing wave iv of (c) of [x], which may be followed by a short-term ascending movement inside wave v of (c) of [x].




USD JPY, “US Dollar vs Japanese Yen”

The situation isn’t changing. Most likely, Yen is forming the first five-wave descending structure inside a larger descending impulse. The pair is expected to complete wave 1 of (1) of [A] and then the correction inside wave 2 of (1) of [A].



The pair is about to finish a horizontal correction inside wave [iv] of 1 of (1), which may be followed by a descending movement inside wave [v] of 1 of (1).




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is still being corrected inside wave (ii) of [v] of 3, which may be completed in the nearest future. After finishing the correction, the market is expected to continue growing inside wave (iii) of [v] of 3.



The pair has completed wave [4] of c of (ii). In the nearest future, the market is expected to reach a new local low while forming wave [5] of c of (ii).



 
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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