Analysis for July 9th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is finishing a local correction inside a large descending impulse [iii] of 1 of (C)
. Later, the market is expected to continue falling.
Probably, the pair has completed the correction inside wave (ii) of [iii] of 1
, which may be followed by a decline inside wave (iii) of [iii] of 1
and new local lows.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still extending
a descending impulse [iii] of 1 of (3)
. Right now, the price is finishing wave (iii) of [iii] of 1
, which may be followed by a short-term correction and a further decline.
Probably, the pair has finished wave (iii) of [iii] of 1
, which may be followed by a sideways correction inside wave (iv) of [iii] of 1
USD JPY, “US Dollar vs Japanese Yen”
Chins stocks have tumbled, thus influencing Yen as well. The pair is moving downwards very fast inside wave 2 of (5) of 
. After completing this wave, the market is expected to continue growing.
So, Yen is about to complete wave iii of (c) of [y]
inside wave (c) of [y] of 2
, which is taking the form of a descending impulse. In the future, the pair is expected to form a short-term correction inside wave iv of (c) of [y]
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar continues forming the correction inside wave ii of (iii) of [v]
. After that, the market may continue growing.
Probably, the pair is about to finish wave ii of (iii) of [v]
in the form of double zigzag
. After the correction, the price is expected to continue growing inside wave iii of (iii) of [v]
RoboForex Analytical Department