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Wave Analysis 06.07.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for July 6th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is extending a descending impulse inside wave [iii] of 1 of (C). Later, the market is expected to continue moving downwards.



Most likely, the pair has finished i-ii pattern of a large descending impulse inside wave (iii) of [iii] of 1. Later, the market is expected to continue falling.




GBP USD, “Great Britain Pound vs US Dollar”

Similar to Euro, Pound is extending an impulse inside wave [iii] of 1 of (3). Later, the market is expected to continue falling.



Most likely, the pair is extending wave (iii) of [iii] of 1. In the nearest future, the market is expected to reach a new local low.




USD JPY, “US Dollar vs Japanese Yen”

Yen has just finished wave 2 of (5) of [5] in the form of double zigzag. Later, the pair is expected to start growing inside wave 3 of (5) of [5].



After a gap inside wave (c) of [y] of 2, the price has formed the first ascending impulse inside wave 3 of (5) of [5]. In the future, the market is expected to continue moving upwards.




USD CAD, “US Dollar vs Canadian Dollar”

Canadian Dollar continues forming wave i of (iii) of [v], which may be followed by a short-term correction inside wave ii of (iii) of [v].



Probably, after finishing wave [4] of i of (iii), the pair may reach a new local high and grow inside wave 5 of i of (iii).



 
RoboForex Analytical Department

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