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

January 17, 2017
ECB policy was focused on avoiding deflation trap
Asian stock markets were mixed, with Japan and ASX heading south amid reports that U.K. Prime Minister May will announce plans for a hard Brexit at today’s keynote speech. Yen strength is also continuing to put pressure on the Japanese markets...
January 17, 2017
Trump's inauguration and May's speech to shape up the markets this week
Markets started the week with no sharp changes and lower trading volumes, due to the Martin Luther King Day in the US, ahead of the crucial monetary policy decisions of the ECB and BoC...
January 17, 2017
Yen strengthens as markets jittery ahead of May's press conference
The U.S. dollar was trading weak yesterday in a holiday thin trading session. The Japanese yen strengthened strongly in the early hours today as investors turn cautious ahead of the British PM...

FOREX.com Rating
FXCM Rating
Vantage FX Rating
EXNESS Rating
Grand Capital Rating
Larson&Holz IT Ltd Rating

TopOption Rating
IQ Option Rating
EZTrader Rating
OptionRally Rating
Anyoption Rating
OptionFair Rating