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Wave Analysis 03.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for June 3rd, 2015

EUR USD, “Euro vs US Dollar”

The structure of the H4 chart has changed a bit. Probably, Euro is forming double zigzag [W]-[X]-[Y] with wave (B) of [Y] in the form of flat inside it. Possibly, wave (C) of [Y] is taking the form of ending diagonal triangle, because the first wave was completed in the form of zigzag. Right now, the pair is expected to finish wave 2 of (C) of [Y] and then continue falling. At the same time, we should note that there are at least possible scenarios, that’s why the situation is expected to be cleared up in the nearest future.



The pair is about to finish wave [c] of 2 of (C) of ending diagonal triangle, which may be followed by a new descending movement inside wave 3 of (C) of [Y].




GBP USD, “Great Britain Pound vs US Dollar”

Pound has finished wave [i] of 1 of (3) and right now is forming a correction inside wave [ii] of 1 of (3).



The price is completing the first “leg” of zigzag, wave (a) of [ii] of 1, which may be followed by a correction inside wave (b) of [ii] of 1. After that, the pair may finish wave [ii] of 1 of (3) by making another ascending movement inside wave (c) of [ii] of 1.




USD JPY, “US Dollar vs Japanese Yen”

The price is still being corrected inside wave 2 of (5) of [5]. Probably, after finishing this wave in the form of a descending zigzag, the pair will continue moving upwards and form wave 3 of (5) of [5].



The pair is completing the first “leg” of zigzag, wave [a] of 2 of (5), which may be followed by a correction inside wave [b] of 2 of (5). After that, the pair may finish the whole correctional pattern by making another descending movement inside wave [c] of 2 of (5).




USD CAD, “US Dollar vs Canadian Dollar”

The price continues forming wave (ii) of [v] of 3. After finishing the correction inside this wave, the pair is expected to continue moving upwards.



The pair is about to complete the first leg of zigzag, wave a of (ii) of [v], which may be followed by a correction inside wave b of (ii) of [v].



 
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