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


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.