Analysis for July 7th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is being corrected inside a large descending impulse inside wave
[iii] of 1 of (C). Later, the market is expected to continue falling.
The pair has finished wave
ii of (iii) of [iii] and in the nearest future may continue moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is about to complete the correction inside wave
(ii) of [iii] of 1, after which the market is expected to continue falling.
Probably, the pair has finished wave
(ii) of [iii] of 1 in the form of an
ascending zigzag. In the nearest future, the market is expected to reach a new local low.
USD JPY, “US Dollar vs Japanese Yen”
After finishing wave
2 of (5) of [5], Yen is expected to continue growing inside wave
3 of (5) of [5].
Yen has started forming the first impulse inside wave
[i] of 3. In the future, the market is expected to continue moving upwards.
USD CAD, “US Dollar vs Canadian Dollar”
Probably, Canadian Dollar is finishing wave
i of (iii) of [v], which may be followed by a local correction.
In the nearest future, the price is expected to finish wave
[5] of i of (iii) and start a correction inside wave
ii of (iii) of [v].
RoboForex Analytical Department