Analysis for July 7th, 2015
Eurodollar is being corrected inside a large descending impulse inside wave [iii] of 1 of (C). Later, the market is expected to continue falling.
EUR USD, “Euro vs US Dollar”
The pair has finished wave ii of (iii) of [iii] and in the nearest future may continue moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”Pound is about to complete the correction inside wave (ii) of [iii] of 1, after which the market is expected to continue falling.
Probably, the pair has finished wave (ii) of [iii] of 1 in the form of an ascending zigzag. In the nearest future, the market is expected to reach a new local low.
USD JPY, “US Dollar vs Japanese Yen”After finishing wave 2 of (5) of , Yen is expected to continue growing inside wave 3 of (5) of .
Yen has started forming the first impulse inside wave [i] of 3. In the future, the market is expected to continue moving upwards.
USD CAD, “US Dollar vs Canadian Dollar”Probably, Canadian Dollar is finishing wave i of (iii) of [v], which may be followed by a local correction.
In the nearest future, the price is expected to finish wave  of i of (iii) and start a correction inside wave ii of (iii) of [v].
RoboForex Analytical Department
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