Forecast for June 15th, 2016
It looks like after finishing the wave [ii] in the form of the zigzag, Eurodollar has started falling inside the third wave. On the minor wave level, the price has formed the descending impulse in the wave (i) and the correction in the wave (ii). Consequently, in the nearest future the market may continue falling.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, after finishing the wave (ii) in the form of the zigzag, Eurodollar has completed the descending impulse in the wave i. On Wednesday, the price may complete the local correction and start falling in the wave iii of (iii).
GBP USD, “Great Britain Pound vs US Dollar”Yesterday, Pound finished the third wave in the extension in the wave (iii). As a result, in the nearest future the market may be corrected in the wave iv, after which bears may reach a new local low while forming the descending wave v of (iii).
More detailed structure of the wave iii is shown on the H1 chart. It looks like right now Pound is forming the bullish impulse in the wave [A]. In the nearest future, the local correction may take place, which may be followed by a short-term growth in the wave [C] of iv.
USD JPY, “US Dollar vs Japanese Yen”Probably, Yen has finished the diagonal triangle c in the wave (ii). Earlier, the price completed the bullish impulse in the wave (i). Consequently, in the future the pair may start forming the wave (iii). To confirm this scenario, the market has to form the impulse in the wave i.
As we can see at the H1 chart, Yen is about to finish the ascending wedge in the wave . Consequently, after finishing the local correction, the pair may start growing in the wave  of i.
AUD USD, “Australian Dollar vs US Dollar”It’s highly likely that Australian Dollar has completed the zigzag in the wave [ii]. If this assumption is correct, then the price may continue moving downwards in the wave [iii] during the next several weeks. On the minor wave level, after finishing the local correction, the market may continue forming the wave (iii).
As we can see at the H1 chart, the price has completed two descending impulses that may be first wave on different levels, and it means that the pair may be extending the wave (iii). However, if the price breaks the maximum of the wave (ii), the correctional wave [ii] may continue in the form of the zigzag.
RoboForex Analytical Department
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