# Wave analysis 07.08.2014 (EURUSD, GBPUSD, USDCHF, USDJPY)

07.08.2014

## Analysis for August 07th, 2014 EUR USD ("EUR vs US Dollar")

One of possible forms of structure is shown on the chart below and assumes that final descending wave (E) of [B] is developing, which can develop into double combination or flat pattern.

It’s not excluded that descending zigzag A of (E) is in place. In this case, it’s reasonable to expect ascending zigzag B of (E).

Probably, [c] of A impulse is completed. If it is so, it’s reasonable to expect development of ascending zigzag B.

## GBP USD ("Great British pound vs US Dollar")

Probably, ascending zigzag D of [B] of large inclined triangle (B) is completed in the shape of final wedge [c] of D. Final descending wave E of (B) is developing, it can exist in the shape of «double-three», flat pattern or elongated horizontal model.

Final descending wave E of (B) is probably completing. It had started with the flat pattern [a] of E. Expecting to see ascending zigzag [b] of E.

It’s not excluded that final descending impulse (c) of [a] is completing, expecting to see ascending zigzag [b].

## USD CHF ("Us Dollar vs Swiss Franc")

One of possible versions of structure indicates that now we are dealing with the final ascending wave E of (4), that can exist in the shape of double zigzag of flat pattern.

It’s not excluded that ascending zigzag [a] of E is completed, expecting to see descending zigzag [b] of E.

Probably, ascending impulse (c) of [a] of E is completed and descending zigzag [b] of E is starting to develop.

## USD JPY ("US Dollar vs Japanese Yen")

Probably, now we are dealing with the elongated horizontal correction 4 of (A). In this case, it’s reasonable to expect final rush to the upside in the form of the wave 5 of (A). Ascending zigzag [d] of 4 of (A) is developing.

Probably, descending zigzag [c] of 4 is completed, ascending zigzag [d] of 4 is developing. In the present time, local descending correctional move (b) of [d] is in place.

Possibly, ascending zigzag [d] is developing and now it’s descending correctional move (b) of [d] is underway. If this assumption is correction, then it’s reasonable to see final ascending wave (c) of [d] after descending correctional move (b) of [d].

RoboForex Analytical Department

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.