Analysis for June 9th, 2015
EUR USD, “Euro vs US Dollar”
The correction at the H4 chart is becoming more complicated. Probably, wave (B) of [Y]
is taking the form of double three
). Right now, Euro is forming wave [c] of Y of (B)
, after which it may continue moving downwards.
Probably, the pair is about to finish (i) of [c] of Y
, which may be followed by a short-term zigzag
inside wave (ii) of [c] of Y
. after that, the market is expected to continue falling.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues moving sideways and forming horizontal triangle
inside wave (iv) of [i] of 1
. After completing this correctional pattern, the market is expected to reach a new local low.
The price is about to finish zigzagsc of (iv) of [i]
and in the nearest future may complete two more zigzags
, d of (iv) of [i]
and e of (iv) of [i]
. Later, the market is expected to continue moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
Yen has finished wave 5 of (5) of 
, but right now it’s quite difficult to understand whether it is an extension of a more significant ascending movement or the completion of the global ascending impulse. The situation must be cleared up within the next couple of trading days.
The pair has completed wave 5 of (5) of 
, making the situation quite “cloudy”. So far, it’s not easy to say which direction the pair is going to move. I expected the situation to be cleared up in the nearest future.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar is still being corrected inside wave (ii) of [v] of 3
, which may take the form of double zigzag
. Probably, in the nearest future the market may continue growing.
Most likely, wave [C] of y of (ii)
is taking the form of ending diagonal triangle
, which may be a signal that the pair may reverse upwards in the nearest future.
RoboForex Analytical Department