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Wave Analysis 21.07.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for July 21st, 2015

EUR USD, “Euro vs US Dollar”

Probably, the price has only completed wave [i] of 1 of (C) of the current descending movement. In the nearest future, the market is expected to complete this five-wave structure and start a short-term correction inside wave [ii] of 1 of (C).



The pair has finished wave (iii) of [i] of 1, which may be followed by a sideways correction inside wave (iv) of [i] of 1 and the final decline to complete this five-wave structure.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is still forming the correction inside wave (x) of [ii] of 1. In the nearest future, the price is expected to continue growing and complete the correction inside wave [ii] of 1 of (3).



The pair is forming ending diagonal triangle c of (x) of [ii] inside expanded flat, which may be followed by a new growth inside wave (y) of [ii] of 1.




USD JPY, “US Dollar vs Japanese Yen”

Probably, the price is only now finishing wave [i] of 3 of (5) with the extended wave (i) of [i] of (3) inside it. In the nearest future, Yen is expected to complete the correction inside wave [ii] of 3 of (5).



It looks like the pair is about to finish wave [i] of 3 of (5) and in the nearest future the price is expected to start falling inside wave [ii] of 3 of (5) towards the area close to wave (ii) of [i] of 3.




USD CAD, “US Dollar vs Canadian Dollar”

It looks like Canadian Dollar is about to finish wave (iii) of [v] of 3, which may be followed by a sideways correction inside wave (iv) of [v] of 3.



The pair is forming wave [5] of v of (iii) in the form of ending diagonal triangle. In the nearest future, the price is expected to complete this pattern and start falling inside wave (iv) of [v] of 3.



 
RoboForex Analytical Department

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