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Wave analysis of the EUR/USD, GBP/USD, USD/JPY and USD/CAD for 13/07/2015

The EUR/USD pair

Wave analysis of the EUR/USD for 13/07/2015


Obviously, the correctional wave (ii) of [iii] of 1 has ended, and then a long decline for the pair in the wave (iii) of [iii] of 1 expected to start. However, an alternative scenario allows the presence of a horizontal triangle under wave (B) of [Y] (gray in the graph), the output of which is also expected to decline.



Wave analysis of the EUR/USD for 13/07/2015

The wave (ii) of [iii] of 1 has become a rising zigzag, and later a downward movement is expected to begin. More clarity on this will appear only after the price consolidates below the confirming level (magenta line on the graph).



The GBP/USD pair

Wave analysis of the GBP/USD for 13/07/2015


The wave pattern for the pound is more complicated. Most likely, the wave (i) of [iii] of 1 and wave (ii) of [iii] of 1 is complete within the larger elongation. In the near future the downward movement in the wave (iii) of [iii] of 1 is expected to begin.



Wave analysis of the GBP/USD for 13/07/2015

The wave (ii) of [iii] of 1 has become a rising zigzag, and later a downward movement is expected to begin in the frame of wave (iii) of [iii] of 1.



The USD/JPY pair

Wave analysis of the USD/JPY for 13/07/2015


Nearing is the completion of the first impulse [i] of 3 of (5) of a larger upward movement, after which a short-term correction within wave [ii] of 3 of (5) is expected.



Wave analysis of the USD/JPY for 13/07/2015

For now there is no confirmation of the completion of the wave (iv) of [i] of 3, and in the near future an update of the local maximum and the completion of wave [i] of 3 of (5) is expected.



The USD/CAD pair

Wave analysis of the USD/CAD for 13/07/2015


The price continues to move strictly within the rising price channel, and in the near future an update in the local maximum of the pair and the completion of wave (iii) of [v] of 3 is expected.



Wave analysis of the USD/CAD for 13/07/2015

Most likely the wave iv of (iii) of [v] has completed, and later a further rise in the frames of the wave v of (iii) of [v] is expected, as well as an update in the local maximum for the pair.

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