Analysis for June 12th, 2015
Euro is still forming double three inside wave (B) of [Y]. Probably, right now, the pair is forming an ascending zigzag inside this double three. In the future, the pair is expected to continue growing.
EUR USD, “Euro vs US Dollar”
The pair has finished wave (ii) of [c] of Y. Later, the market is expected to continue moving upwards inside wave (iii) of [c] of Y.
GBP USD, “Great Britain Pound vs US Dollar”Pound is forming double three inside wave (2) of . It looks like right now the pair is forming wave [x] of X of (2). In the future, the market is expected to reach a new local high.
The pair is finishing an ascending impulse inside wave (c) of [x] of X, which may be followed by a descending double three inside wave [y] of X of (2).
USD JPY, “US Dollar vs Japanese Yen”Considering the dynamics of the current descending correction, we should turn to a scenario, according to which Yen has completed only wave 1 of (5) of  and right now is being corrected inside wave 2 of (5) of . However, an alternative scenario (colored in gray implies) that the market is forming double zigzag inside wave 2 of (5) of .
Probably, the pair has finished wave 2 of (5) of  and in the nearest future may start forming the first ascending impulse, [i] of 3 of (5), and a short-term correction inside wave [ii] of 3 of (5).
USD CAD, “US Dollar vs Canadian Dollar”Canadian Dollar is still being corrected inside wave (ii) of [v] of 3. Right now, the pair is completing its “leg” c of (ii) of [v]. In the nearest future, the market is expected to reach a new local low.
Probably, the pair has completed wave  of c of (ii). In the nearest future, the market is expected to forma descending impulse inside wave  of c of (ii).
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.