Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on 13.07.2016

13.07.2016
Currency pair EUR/USD

Wave analysis for EUR/USD on 13.07.2016

Bearish marking for Euro is still actual. Apparently, earlier wave (ii) was completed as zigzag. So, in the short terms, further quotation dropin the frameworks of wave (iii) is possible.



Wave analysis for EUR/USD on 13.07.2016

On 1 hour chart, more detailed marking is shown. Supposedly, recently wave [C] of ii was completed and subsequently we got declining impulse in wave [1]. After finish of local correction the beginning of pair declining in the third wave is possible.



Currency pair GBP/USD

Wave analysis for GBP/USD on 13.07.2016

It is quite likely that for Pound-Dollar pair formation of diagonal triangle is continued, in the frameworks of which the second wave is about to finish. So, in the short terms, resuming of declining in wave [iii] is possible.



Wave analysis for GBP/USD on 13.07.2016

On 1 hour chart, more detailed marking is shown. Apparently, formation of ascending impulse in wave (c) of [ii] is about to be finished. Returning of bears to market will be confirmed by declining impulse in wave i.



Currency pair USD/JPY

Wave analysis for USD/JPY on 13.07.2016

As it shown on marking of 4 hour chart, formation of wave (i) is continued. Earlier, declined impulse in wave [v] was completed. Then, in the short terms, further formation of ascended impulse is possible.



Wave analysis for USD/JPY on 13.07.2016

On 1 hour chart, impulse wave i is about to be completed that open the prospects for development of local descended correction. Subsequently upon its completion, the begining of pair growth in wave iii of (i) is possible.



Currency pair AUD/USD

Wave analysis for AUD/USD on 13.07.2016

Apparently, wave [ii] for AUS Dollar is about to be completed. Form of correction is still quite difficult, maybe it is a double zigzag. The beginning of pair descending will be confirmed by bearish impulse in wave (i).



Wave analysis for AUD/USD on 13.07.2016

On 1 hour chart, continuation of impulse wave с of (y) is still possible. Upon it will be completed and we will get descended impulse in wave i, returning of the market to descending and formation of new impulses will be possible.
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.