Analysis for June 19th, 2015
Probably, Euro has finished double three inside wave (B) of [Y], which is taking the form of flat and zigzag. In the future, the market is expected to start moving downwards.
EUR USD, “Euro vs US Dollar”
After finishing horizontal triangle inside wave [b] of Y of (B), the pair has formed an ascending impulse inside [c] of Y of (B), thus completing double three pattern. In the future, the market is expected to start a new descending movement. However, if the price breaks the critical level (red line), double three inside wave (B) of [Y] may transform into double zigzag.
GBP USD, “Great Britain Pound vs US Dollar”Taking into consideration the depth and dynamics of the possible ascending movement in the future, we may assume that Pound is forming wave Y of (2) of  inside wave (2) of . In the future, the market is expected to continue growing.
The price is forming extensions inside wave Y of (2) of . After a local pullback, the market is expected to start a new ascending movement inside wave (iii) of [iii] of Y.
USD JPY, “US Dollar vs Japanese Yen”Yen has almost finished the correction inside wave 2 of (5) of , which is taking the form of double zigzag. In the nearest future, the market is expected to reach a new local low and start moving upwards inside wave 3 of (5) of .
The pair has completed wave (a) of [y] of 2 and right now is finishing the correction inside wave (b) of [y] of 2, after which the market may form a five-wave descending structure inside wave inside wave (c) of [y] of 2 and complete this whole correctional pattern.
USD CAD, “US Dollar vs Canadian Dollar”It looks like Canadian Dollar is still forming wave (ii) of [v] of 3. In the nearest future, the market is expected to complete this double zigzag and start moving downwards inside wave (iii) of [v] of 3.
Probably, the price has finished wave [A] of y of (ii) and right now is forming wave [B] of y of (ii). After that, the market may fall to complete wave (ii) of [v] of 3 and start a new ascending movement.
RoboForex Analytical Department
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