Analysis for July 25th, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro finished ascending
zigzag(D) of [B]. In this case, price is expected to continue forming final descending
zigzag(E) of [B]. However, alternative scenario (colored in grey) may still continue.
Possibly, price is forming final descending
zigzag(E). It looks like right now Euro is forming final descending wave
C of (E) – pair is expected to form ascending correction
[iv] of C.
Probably, pair is forming descending wave
C, which may take the form of impulse. In this case, price is expected to form ascending correction
[iv] of C. However, one should remember that structure of impulse
C might yet be changed.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound completed final
wedge[c] of D of ascending
zigzagD of (B) of large
skewed triangle(B), which may be followed by final descending
zigzagE of (B).
Probably, price finished ascending impulse
(v) of [c] of D of (B) of large
skewed triangle(B), which may be followed by final descending
zigzag[a]-[b]-[c] of E of (B).
Possibly, price completed ascending wave
D. If this assumption is correct, then pair is expected to continue falling down inside descending impulse
[a] of E of
zigzagE without breaking the closest critical level.
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc completed descending
zigzagD of (4). If this assumption is correct, then price is expected to continue forming final ascending
zigzagE of (4). However, alternative scenario (colored in grey) may still continue.
Possibly, price is forming final ascending
zigzagE. Right now, Franc is forming its final ascending wave
[c] of E.
Probably, pair is forming final ascending wave
[c] of E, which may take the form of impulse. In this case, price is expected to continue growing up inside impulse
(iii) of [c]. However, one should remember that structure of impulse
[c] might yet be changed.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen finished long horizontal correction
4 of (A). In this case, later price is expected to start final ascending movement inside wave
5 of (A).
Possibly, pair finished descending
zigzag[e] of 4 and the whole
horizontal triangle4. In this case, price is expected to continue forming ascending wave
5.
Probably, price is forming ascending wave
5, which may take the form of impulse. If this assumption is correct, pair is expected to continue growing up inside impulse
(iii) of [i] of 5 without breaking the closest critical level.
RoboForex Analytical Department