Wave Analysis 12.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

12.06.2015

Analysis for June 12th, 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 an ascending zigzag inside this double three. In the future, the pair is expected to continue growing.



The pair has finished wave (ii) of [c] of Y. Later, the market is expected to continue moving upwards inside wave (iii) of [c] of Y.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming double three inside wave (2) of [3]. It looks like right now the pair is forming wave [x] of X of (2). In the future, the market is expected to reach a new local high.



The pair is finishing an ascending impulse inside wave (c) of [x] of X, which may be followed by a descending double three  inside wave [y] of X of (2).




USD JPY, “US Dollar vs Japanese Yen”

Considering the dynamics of the current descending correction, we should turn to a scenario, according to which Yen has completed only wave 1 of (5) of [5] and right now is being corrected inside wave 2 of (5) of [5]. However, an alternative scenario (colored in gray implies) that the market is forming double zigzag inside wave 2 of (5) of [5].



Probably, the pair has finished wave 2 of (5) of [5] and in the nearest future may start forming the first ascending impulse, [i] of 3 of (5), and a short-term correction inside wave [ii] of 3 of (5).




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is still being corrected inside wave (ii) of [v] of 3. Right now, the pair is completing its “leg” c of (ii) of [v].  In the nearest future, the market is expected to reach a new local low.



Probably, the pair has completed wave [4] of c of (ii). In the nearest future, the market is expected to forma descending impulse inside 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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