Wave Analysis 09.07.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)


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 [5]. 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


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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