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Wave Analysis 12.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for June 12th, 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 an ascending zigzag inside this double three. In the future, the pair is expected to continue growing.



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 [3]. 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 [5] and right now is being corrected inside wave 2 of (5) of [5]. However, an alternative scenario (colored in gray implies) that the market is forming double zigzag inside wave 2 of (5) of [5].



Probably, the pair has finished wave 2 of (5) of [5] 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 [4] of c of (ii). In the nearest future, the market is expected to forma descending impulse inside wave [5] of c of (ii).



 
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