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Wave Analysis 07.07.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for July 7th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is being corrected inside a large descending impulse inside wave [iii] of 1 of (C). Later, the market is expected to continue falling.



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 [5], Yen is expected to continue growing inside wave 3 of (5) of [5].



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 [5] of i of (iii) and start a correction inside wave ii of (iii) of [v].



 
RoboForex Analytical Department

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