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.

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