Wave Analysis 30.07.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for July 30^th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar continues falling inside a large descending impulse inside wave [iii] of 1 of (C). Most likely, in the nearest future, the market will continue moving downwards.



After finishing the first five-wave structure i of (i) of [iii] and the short-term correction ii of (i) of [iii], the pair has started a new decline inside iii of (i) of [iii], which may continue mixed up with several local pullbacks.

GBP USD, “Great Britain Pound vs US Dollar”

The correction inside wave [ii] of 1 of (3) has become simpler and taken the form of an ascending zigzag. In the nearest future, the market is expected to start a significant decline inside wave [iii] of 1 of (3).



The pair is about to complete the first five-wave structure i of (i) of [iii] inside a larger descending impulse. After a short-term ascending correction, the market is expected to continue falling.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still growing inside wave [iii] of 3 of (5). In the nearest future, the market may continue growing.



In the nearest future, the market is expected to complete the first wave, i of (iii) of [iii], of a larger extension. After a short-term correction inside wave ii of (iii) of [iii], the price may continue moving upwards.

USD CAD, “US Dollar vs Canadian Dollar”

Probably, Canadian Dollar has finished the correction inside wave (iv) of [v] of 3 and right now is forming the first five-wave ascending structure of a lager ascending impulse. However, the fourth wave might consist of several correctional patterns, that’s why an alternative scenario implies that the pair may continue moving sideways.



Just as we expected, the pair has made a fast descending movement and completed expanded flat inside wave (iv) of [v] of 3. In the nearest future, the market is expected to start a significant growth inside wave (v) of [v] of 3.



 
RoboForex Analytical Department