Forecast for July 25th, 2016
The EUR/USD pair continues forming the wave (iii). It looks like earlier the price formed the wave (ii) in the form of the double three. Consequently, in the future the market may break the minimum of the wave (i).
EUR USD, “Euro vs US Dollar”
At the H1 chart, the wave ii probably took the form of the flat and then the price formed the descending impulse in the wave  on the minor wave level. Consequently, after finishing the local correction, the market may resume moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”The GBP/USD pair is still forming the diagonal triangle in the wave 5. Right now, the price is falling inside the third wave. In the nearest future, the market may continue moving downwards to reach the minimum of the wave [i].
More detailed structure is shown on the H1 chart. It looks like finishing the wave [ii], the price formed several first waves on different levels. As a result, in the nearest future the market may start falling in the wave  of iii.
USD JPY, “US Dollar vs Japanese Yen”At the H4 chart, the USD/JPY pair has formed the bullish impulse in the wave (i) and may start a new descending correction. It’s highly likely that the price may continue falling in the wave (ii) during the week.
As we can see at the H1 chart, the pair formed the diagonal triangle v thus finishing the wave (i). Later, the price completed the bearish impulse in the wave a and the correction in the wave b. As a result, on Monday the market may start falling in the wave c of (ii).
AUD USD, “Australian Dollar vs US Dollar”At the H4 chart, after finishing the wave [ii] in the form of the double zigzag, the AUD/USD pair formed the descending impulse in the wave (i). In the nearest future, the local correction may take place, which may be followed by a new decline in the third wave.
As we can see at the H1 chart, the price has completed the descending impulse in the wave (i) and then the wave a. Consequently, in the nearest future the market may continue forming the correctional wave (ii).
RoboForex Analytical Department
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