Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

11.07.2016
Currency pair EUR/USD

Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

Apparently, on the daily chart of Euro-Dollar, the formation of wave (B) is completed that took a look of the plane with diagonal triangle in wave C. so, in the short term, the declining of market in impulse wave 1 is possible.



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

On the 4 hour chart, the rush downward impulse in wave (i) was corrected by wave (ii), that took a look of the plane. So during the week, resuming of declining of currency pair in wave (iii) of [iii] is possible.



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

As it is shown on the 1 hour chart, after completion of diagonal triangle in waves wave of (ii) , downward impulse in wave i was formed. Because local correction may be considered as completed, in the future formation of stretching in wave iii of (iii) is possible.



Currency pair GBP/USD

Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

On the daily chart of Pound-US Dollar, formation of downward impulse is continued in wave (C) of [Y], in the structure of which the fifth wave is developed. In the next days, further declining of currency pair is possible.



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

More detailed marking is shown on 4 hour chart. Supposedly, wave 4was completed as a double tree, after that rush impulse in wave [i], was formed and corrected by the second wave later. In the short term, further declining of pair in wave [iii] of 5 is possible..



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

Apparently, on the 1 hour chart horizontal triangle is completed in wave iv. So, during the Monday, beginning of currency pair declining in wave v of (iii) and breakage of wave iii minimum are possible.



Currency pair USD/JPY

Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

Quite interesting situation is for Japan yen, because downward impulse in wave С is completed entirely. So, wave (2) or (B) may be considered as completed. Along with that, to confirm the beginning of growth in wave (3) of (C) it is necessary to wait the confirmation, i.e. formation of upward impulse in wave 1.



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

As it shown on marking of 4 hour chart, the fifth wave in frames of wave [v] is cut. Further if upward impulse or wedge in wave (i), is formed, it will be the first step of bulls returning on the market.



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

On the 1 hour chart, the internal structure of current movement is shown more detailed. After zigzag in wave (iv) the downward impulse in wave (v) of [v] was formed. So in the short term, the formation of wave i of (i) is possible.



Currency pair AUD/USD

Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

On the daily chart of AUS Dollar, the price is still consolidated above the top border of downward channel. Supposedly, earlier wave 4 was completed taking the look of zigzag. Later downward impulse in wave [i] was formed and corrected by the second wave. It is quite likely that soon we will see the beginning of declining in wave [iii] of 5.



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

After the completion of wave [ii] as double zigzag, downward impulse was formed in wave (i). Apparently, local correction is to be completed that soon may result in beginning of market declining in wave (iii) of [iii].



Wave analysis of main currency pairs (+ Daily charts) on 11.07.2016

On the 1 hour chart, it is seen that wave (ii) is taking the look of double zigzag, in the frames of which wave y is completed. If downward impulse in wave iis not formed, then it will be a confirmation of market returning to declining.

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

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.