Wave Analysis 10.07.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

10.07.2015

Analysis for July 10th, 2015

EUR USD, “Euro vs US Dollar”

The situation hasn’t changed much over the last 24 hours. 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 completed wave (ii) of [iii] of 1 and then formed i-ii pattern inside wave (iii) of [iii] of 1. Later, the price is expected to resume moving downwards.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is still falling inside a descending impulse [iii] of 1 of (3). After finishing the current horizontal correction, the price is expected to continue falling.



The pair is about to finish wave (iv) of [iii] of 1, which may be followed by another descending movement inside wave (v) of [iii] of 1 and new local lows.




USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen has completed wave 2 of (5) of [5] in the form of double zigzag, which may be followed by an ascending wave 3 of (5) of [5].



After finishing a correctional wave 2 of (5) of [5], the pair has formed wave (i) of [i] of 3. Most likely, in the nearest future the market may continue growing inside wave (iii) of [i] of 3.




USD CAD, “US Dollar vs Canadian Dollar”

The chart structure has become more bullish. Probably, Canadian Dollar has finished the horizontal correction iv of (iii) of [v] inside wave (iii) of [v] of 3. After that, the market may continue growing and form wave v of (iii) of [v].



Probably, the pair has finished the correction inside wave iv of (iii) of [v], which may be followed by a new local high and a further growth inside wave v of (iii) of [v].



 
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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question