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Wave Analysis 11.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for June 11th, 2015

EUR USD, “Euro vs US Dollar”

Euro is still being corrected inside wave (B) of [Y]. Probably, right now, the pair is forming the “leg” [c] of Y of (B) of zigzag inside double three. In the future, the pair is expected to continue growing.



The pair has finished wave (i) of [c] of Y and right now is being corrected inside wave (ii) of [c] of Y. Later, the market is expected to continue moving upwards.




GBP USD, “Great Britain Pound vs US Dollar”

Most likely, the correction inside wave (2) of [3] is also taking the form of double three (the same as Euro). It looks like the pair is about to complete the correction [x] of X of (2) inside double zigzag X of (2) of [3]. In the future, the market is expected to make a short-term ascending movement.



The pair is finishing wave iv of (c) of [x], which may be followed by a short-term ascending movement inside wave v of (c) of [x].




USD JPY, “US Dollar vs Japanese Yen”

The situation isn’t changing. Most likely, Yen is forming the first five-wave descending structure inside a larger descending impulse. The pair is expected to complete wave 1 of (1) of [A] and then the correction inside wave 2 of (1) of [A].



The pair is about to finish a horizontal correction inside wave [iv] of 1 of (1), which may be followed by a descending movement inside wave [v] of 1 of (1).




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar is still being corrected inside wave (ii) of [v] of 3, which may be completed in the nearest future. After finishing the correction, the market is expected to continue growing inside wave (iii) of [v] of 3.



The pair has completed wave [4] of c of (ii). In the nearest future, the market is expected to reach a new local low while forming wave [5] of c of (ii).



 
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