Wave analysis 06.08.2014 (EURUSD, GBPUSD, USDCHF, USDJPY)

06.08.2014

Analysis for August 06th, 2014

EUR vs US Dollar

One of ways of viewing structure suggests that now final descending wave is underway, it can develop in a shape of double combination or flat pattern.



Possibly, descending zigzag A of (E) is developing now, in this case it’s reasonable to expect development of ascending zigzag B of (E).



It’s not excluded that now we are dealing with descending impulse [c] of A. If it is so, it’s logical to expect development of ascending zigzag B.



Great 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) is developing, which can exist in a shape of «double-three» pattern, flat or elongated horizontal model.



Probably, final descending wave E of (B) Is developing in the present time. It had started from flat pattern [a] of E. Expecting to see ascending zigzag [b] of E.



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


 

Us Dollar vs Swiss Franc

One of possible version of wave structure suggests that now we are dealing with final ascending wave E of (4), that can develop in the shape of double zigzag or flat pattern.



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



It’s not excluded that ascending impulse (c) of d [a] of E is completing and descending zigzag [b] of E is developing.


US Dollar vs Japanese Yen

Probably, elongated horizontal correction 4 of (A) is developing. In this case, it’s reasonable to expect final squeeze of the price to the upside in the form of the wave 5 of (A). Also, ascending zigzag [d] of 4 of (A) is possibly developing in the present moment.



Possibly, descending zigzag [c] of 4 is completed and ascending zigzag [d] of 4 is developing. In the present moment, local descending correctional move (b) of [d] is in place.



It’s not excluded that ascending zigzag [d] is developing and descending correctional move (b) of [d] is in place. If this assumption is correct, then it’s reasonable to expect final ascending wave (c) of [d] after descending correction (b) of (d).



RoboForex Analytical Department
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.

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