# Wave analysis 04.08.2014 (EURUSD, GBPUSD, USDCHF, USDJPY)

04.08.2014

## Analysis for August 04th, 2014 EUR USD ("Euro vs US Dollar")

One of possible scenarios includes descending wave (E) of [B], which can develop in a shape of double combination or flat pattern.

Probably, zigzag A of (E) is completed. In this case, it’s reasonable to expect ascending zigzag B of (E) to develop.

Descending impulse A can be completed. If this assumption is correct, we can expect ascending zigzag B.

## GBP USD ("British pound vs US Dollar")

Probably, ascending zigzag D of (B) of large inclined triangle (B) is completed in the form of final wedge [c] of D. Final descending wave E of (B) can be developing now in the shape of double-three formation, flat or elongated model.

It’s not excluded that final descending wave E of (B) is developing, which has started from flat [a] of E. Expecting to see ascending zigzag [b] of E.

Probably, descending impulse (c) of [a] is completing, expecting to see ascending zigzag [b].

## USD CHF ("Us Dollar vs Swiss Franc")

One of possible scenarios includes development of final ascending wave E of (4), which can exist in a shape of double zigzag or flat pattern.

Probably, ascending zigzag [a] of E is completed, expecting to see descending zigzag [b] of E.

It’s not excluded that ascending zigzag [a] of E is completed and now descending zigzag [b] of E is starting to develop.

## USD JPY ("US Dollar vs Japanese Yen")

Probably, we can see elongated horizontal correctional phase 4 of (A). In this case, it’s reasonable to expect final squeeze to the upside in the form of wave 5 of (A).

Probably, descending zigzag [c] of 4 is completed, ascending zigzag [d] of 4 is starting to develop.

It’s not excluded that ascending zigzag [d] is underway and its descending correctional phase (b) of [d] is developing now.

RoboForex Analytical Department

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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.