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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 19.07.2016
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Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on 19.07.2016

19.07.2016
Currency pair EUR/USD

Overview on wave analysis for EUR/USD on July 19, 2016

Scenario of marking with completion of wave (ii) as double three is kept in force. Earlier, after completion of wave [ii], we got rush descending impulse in wave (i). So in the short term, beginning of market descending in wave (iii) of [iii] is possible.



Overview on wave analysis for EUR/USD on July 19, 2016

More detailed marking is shown on 1 hour chart. Apparently, descending impulse in wave i of (iii) is developing. On younger wave level, wave [4] was completed, but after that descending zigzag was formed that indicates on possibility of formation of diagonal triangle in wave [5] of i.



Currency pair GBP/USD

Overview on wave analysis for GBP/USD on July 19, 2016

Supposedly, wave 5 for Pound taking the look of diagonal triangle, within which the pair descending in the third wave is beginning. So, soon resuming of market drop and breakage of wave [i] minimum are possible.



Overview on wave analysis for GBP/USD on July 19, 2016

As it shown on marking of 1 hour chart, wave [ii] took the look of double zigzag. Subsequently, on younger wave level, wave i was formed. Because wave ii may be deemed as completed, so soon market descending in wave iii of (i) is possible.



Currency pair USD/JPY

Overview on wave analysis for USD/JPY on July 19, 2016

Apparently, for Japanese Yen formation of ascending impulse in wave (i) is continuing. Earlier, descending impulse in wave [v] was completed, within which the fifth wave turned out to be cut. It is quite likely, in the short term we will see further ascending of quotation in wave iii of (i).



Overview on wave analysis for USD/JPY on July 19, 2016

On 1 hour chart, after completion of wave [v] we got strong bullish impulse in wave i. It is not excluded, that formation of stretching in wave iii is beginning. If proposition is true, then soon growth of the pair in wave [3] of iii is possible.



Currency pair AUD/USD

Overview on wave analysis for AUD/USD on July 19, 2016

AUS Dollar began to descend confirming possibility of wave [ii] completion as double zigzag. It is quite likely, in the short term we will see further descending of market in wave (i) of [iii].



Overview on wave analysis for AUD/USD on July 19, 2016

As it shown on more detailed marking of 1 hour chart, after completion of wave (y) of [ii], descending impulse in wave i was formed and corrected further by the second wave. So in the short term further descending of market in wave iii of (i) is possible.

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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.