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Wave Analysis 05.06.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for June 5th, 2015

EUR USD, “Euro vs US Dollar”

Probably, Euro has finished the correction inside wave 2 of (C) of [Y] and in the nearest future may start forming quite a large descending zigzag.  



Most likely, the pair has formed wave (i) of [a] of 3 and the correction (ii) of [a] of 3 of a large descending zigzag 3 of (C) of [Y]. In the future, the market is expected to continue falling.




GBP USD, “Great Britain Pound vs US Dollar”

Pound has finished wave [ii] of 1 of (3) in the form of double zigzag and in the nearest future may another descending movement inside wave [iii] of 1 of (3).



After completing double zigzag inside wave [ii] of 1 of (3), the pair has finished the first five-wave descending structure inside a larger descending impulse. In the future, the market is expected to continue moving downwards.




USD JPY, “US Dollar vs Japanese Yen”

Probably, the price has finished wave 2 of (5) of [5], which may be followed by a new ascending movement inside wave 3 of (5) of [5].



It looks like wave 2 of (5) of [5] has taken the form of double three. In the nearest future, the market is expected to continue moving upwards inside wave 3 of (5) of [5].




USD CAD, “US Dollar vs Canadian Dollar”

The price has finished wave (ii) of [v] of 3 and in the nearest future may resume moving upwards inside wave (iii) of [v] of 3.



The pair has completed waves [1] of i of (iii) and [2] of i of (iii) inside a new ascending impulse. In the nearest future, the market is expected to start growing inside wave [3] of i (iii).



 
RoboForex Analytical Department

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