Wave Analysis 11.08.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

11.08.2015

Analysis for August 11th, 2015

EUR USD, “Euro vs US Dollar”

In case of Eurodollar, the situation is still quite complicated, as the price continues moving inside a narrow trading range. It is obvious that the pair has completed the local correction and in the nearest future is expected to continue falling inside wave iii of (iii) of [iii].



Wave ii of (iii) of [iii] has taken the form of double zigzag with ending diagonal triangle(C) of [W] of ii inside it. In the nearest future, the market is expected to continue moving downwards.




GBP USD, “Great Britain Pound vs US Dollar”

A fast growth of the price forced me to turn to the alternative scenario, according to which wave (2) of [3] is taking the form of an ascending zigzag with running triangleB of (2) inside it. In the nearest future, the market is expected to continue growing.



After finishing wave [e] of B of (2), the price has started forming the first five-wave ascending structure inside a large impulse C of (2) of [3]. In the nearest future, the market is expected to complete wave (iv) of [i] of C and start growing inside wave (v) of [i] of C.




USD JPY, “US Dollar vs Japanese Yen”

Yen is slowly growing inside wave (iii) of [iii] of 3. After finishing another local correction, the price is expected to continue growing.



Probably, the pair is about to finish wave i of (iii) of [iii]. After finishing the local correction ii of (ii) of [iii], the market may continue moving upwards.




USD CAD, “US Dollar vs Canadian Dollar”

Most likely, Canadian Dollar has just completed wave ii of (v) of [v], and right now, the market is starting a new growth inside wave iii of (v) of [v]. Later, the market is expected to continue growing.



The market finished the correction ii of (v) of [v] in the form of double zigzag and then formed the first five-wave ascending structure inside impulse iii of (v) 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.

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