Analysis for June 16th, 2015
Euro is still being corrected inside wave (B) of [Y]. Probably, right now, the pair is forming wave [x] of X of (B), which may be followed by a descending zigzag inside wave [y] of X of (B).
EUR USD, “Euro vs US Dollar”
Probably, the pair has finished wave ii of (a) of [y] and in the nearest future may reach a new local low and continue falling.
GBP USD, “Great Britain Pound vs US Dollar”Pound continues forming double three inside wave (2) of . It looks like right now the pair is finishing the correction inside wave [x] of X of (2). In the future, the market is expected to move downwards.
Most likely, wave v of (c) of [x] is taking the form ending diagonal triangle, after which the pair may continue falling.
USD JPY, “US Dollar vs Japanese Yen”Probably, Yen is still being corrected inside wave 2 of (5) of . In the future, the market is expected to reach a new local low.
The situation hasn’t changed much. After finishing leading diagonal triangle (a) of [y] of 2 and the correction inside wave (b) of [y] of 2, the pair is expected to continue falling inside wave (c) of [y] of 2.
USD CAD, “US Dollar vs Canadian Dollar”Most likely, Canadian Dollar hasn’t finished the correction inside wave (ii) of [v] of 3 yet. Most likely, the correction is taking the form of double zigzag. In the future, the market is expected to continue moving downwards.
After finishing wave w of (ii) of [v], the price has completed wave x of (ii) of [v] in the form of double zigzag. In the nearest future, the market is expected to continue falling and forming wave y of (ii) of [v].
RoboForex Analytical Department
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