Analysis for July 8th, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro finished the second “leg” C of (D) of ascending zigzag (D) of [B] in the form of ending diagonal triangle. In this case, price is expected to continue forming final descending zigzag (E) of [B].
Probably, price is forming final descending zigzag (E). it looks like Euro finished ascending correction B of (E) and started falling down inside final descending wave C of (E).
Possibly, pair completed ascending correction B and started forming descending wave C, which may take the form of impulse or diagonal triangle.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is completing ascending zigzag D of (B) of large skewed triangle (B), which may be followed by final descending zigzag E of (B).
Possibly, price is finishing ascending impulse (v) of [c] of D of (B) of large skewed triangle (B), which may be followed by final descending zigzag E of (B).
Probably, price is finishing ascending wave (v) of [c] of D with impulse v of (v) of [c] of D. If this assumption is correct, then later pair is expected to stat forming final descending zigzag E.
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc completed diagonal triangle [c] of D and the whole descending zigzag D of (4). In this case, price is expected to continue forming final ascending zigzag E of (4).
Possibly, price is forming final ascending zigzag E. Right now, Franc is forming final ascending wave [c] of E.
Possibly, pair completed descending correction [b] with impulse v of (c) of [b]. Right now, price is forming final ascending wave [c], which may take the form of impulse or diagonal triangle.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is finishing long horizontal correction 4 of (A). In this case, later price is expected to start final ascending movement inside wave 5 of (A).
Probably, pair is finishing final descending wave [e] of 4 of horizontal triangle 4 in the form of small triangle. In this case, after completing horizontal correction 4, price is expected to start ascending wave 5.
Possibly, price is completing descending wave [e] of 4 in the form of running horizontal triangle. In this case, later ascending trend may continue inside wave 5.
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