Wave Analysis 18.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

June 18, 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 wave Y of (B) of [y] in the form of an ascending zigzag. In the future, the market is expected to continue moving upwards.

After finishing wave [b] of Y of (B) in the form of horizontal triangle, the pair has started forming wave [c] of Y of (B). In the future, the market is expected to reach a new local high and continue moving upwards.

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues forming double three inside wave (2) of [3]. It looks like right now the pair is forming wave Y of (2) of [3]. In the future, the market is expected to continue growing.

The price is forming an extended wave (iii) of [c] of Y inside an ascending zigzag Y of (2) of [3]. In the future, the market is expected to reach a new local high and continue moving upwards.

USD JPY, “US Dollar vs Japanese Yen”

The situation hasn’t changed much. Probably, right now Yen is forming double zigzag 2 of (5) of [5]. In the future, the market is expected to reach a new local low and continue moving downwards.

After finishing wave [x] of 2 of (5) in the form of double zigzag, the pair has started falling quite fast while forming zigzag inside wave [y] of 2 of (5). In the future, the market is expected to continue falling and reach a new local low.

USD CAD, “US Dollar vs Canadian Dollar”

It looks like Canadian Dollar is still forming wave (ii) of [v] of 3, which is taking the form of double zigzag. In the nearest future, the market is expected to continue moving downwards and reach a new local low.

Probably, after completing wave [B] of y of (ii) in the form of expanded flat, the price has started forming wave [C] of y of (ii), which may also be quite extended.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...
December 7, 2016
Unexpected fall in UK economic indicators
This morning saw a substantial drop in both the manufacturing production and industrial production in the UK for the month of October which comes as a timely reminder that the economy remains vulnerable. The pound ended its recent rise against the US dollar yesterday after hitting a 2-month high...
December 7, 2016
U.S. dollar recovers from Monday lows
The U.S. dollar index managed to recover from a 14-day low on Monday at 99.87 with prices turning bullish yesterday. However, the gains remain limited within Monday's range with further upside likely to see the 100.80 resistance being established...

FIBO Group Rating
FBS Rating
XM Rating
 FXTM Rating
OANDA Rating
FxPro Rating

Grand Option Rating
Anyoption Rating
365BinaryOption Rating
OptionsXO Rating
24option Rating
IQ Option Rating