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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on 15.07.2016
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Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on 15.07.2016

15.07.2016
Currency pair EUR/USD

Overview on wave analysis for EUR/USD on July 15, 2016

Apparently, for Euro-US Dollar corrected wave is finished (ii) taking look of double three. So, soon it is possible that the pair will begin to descend in wave (iii) that will be confirmed by formation of descending impulse in its structure.



Overview on wave analysis for EUR/USD on July 15, 2016

On 1 hour chart, more detailed marking is shown. Supposedly, in the frameworks of wave y of (ii) double zigzag was finished. And markat may descend in wave i of (iii).
 

 
Currency pair GBP/USD

Overview on wave analysis for GBP/USD on July 15, 2016

Supposedly, for Pound diagonal triangle in wave 5 is forming. On younger wave level, the second wave may be considered as completed that open prospect for market descending in the frameworks of wave [iii].



Overview on wave analysis for GBP/USD on July 15, 2016

As it shown on marking of 1 hour chart, wave [ii] took the look of double zigzag. It is quite likely that formation of descending wave i is already began that soon may lead market to row of new minimums.

 
 
Currency pair USD/JPY

Overview on wave analysis for USD/JPY on July 15, 2016

Formation of wave (i) is continuing. Earlier, descending impulse in wave [v] was completed. So, in the short terms, ascending impulse may be formed.



Overview on wave analysis for USD/JPY on July 15, 2016

On 1 hour chart, recently wave [2] of iii was completed that open prospect for further growth of qoutation. Subsequently, in the short terms the pair may bagin to rise in the third wave.

 
 
Currency pair AUD/USD

Overview on wave analysis for AUD/USD on July 15, 2016

The main scenario is still wave [ii] completion as double zigzag. Inner structure of that correction already allows its completion that make possible that soon market will descend in wave (i) of [iii].



Overview on wave analysis for AUD/USD on July 15, 2016

As it seen on marking of 1 hour chart, wave с of (y) is completed. Along with that, due to complexity of wave structure it is necessary to wait confirmation of bears returning as formation of impulse in wave i.

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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.