Wave Analysis 02.07.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)
02.07.2015
Analysis for July 2nd, 2015
EUR USD, “Euro vs US Dollar”
Probably, Eurodollar is extending wave [iii] of 1 of (C) of a large descending impulse 1 of (C).
Probably, the pair has finished wave (i) of [iii] of 1, which may be followed by a short-term correction inside wave (ii) of [iii] of 1 and a further decline.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is extending wave [iii] of 1 of (3) of a large descending impulse inside wave 1 of (3).
Probably, in the nearest future, the price may complete wave (i) of [iii] of 1 and a short-term correction inside wave (ii) of [iii] of 1, which may be followed by a further decline.
USD JPY, “US Dollar vs Japanese Yen”
Most likely, Yen is about to finished the first five-wave structure inside wave 3 of (5) of [5]. After completing a short-term correction, the pair is expected to continue growing.
Most likely, in the nearest future, yen may finish wave (i) of [i] of 3 and then a short-term correction inside wave (ii) of [i] of 3. After that, the market is expected to continue moving upwards.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar continues reaching new local highs and in the nearest future may complete the first impulse i of (iii) of [v] of a large growth.
The price is about to finish wave [3] of i of (iii), which may be followed by a horizontal correction inside wave [4] of i of (iii) and a further growth.
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.