Analysis for June 5th, 2015
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.
EUR USD, “Euro vs US Dollar”
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 , which may be followed by a new ascending movement inside wave 3 of (5) of .
It looks like wave 2 of (5) of  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 .
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  of i of (iii) and  of i of (iii) inside a new ascending impulse. In the nearest future, the market is expected to start growing inside wave  of i (iii).
RoboForex Analytical Department
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