Analysis for July 9th, 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].

EURUSD

Possibly, 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).

EURUSD

Probably, pair is forming descending wave C, which may take the form of impulse or diagonal triangle.

EURUSD


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).

GBPUSD

Probably, 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).

GBPUSD

Possibly, 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.

GBPUSD


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).

USDCHF

Possibly, price is forming final ascending zigzag E. Right now, Franc is forming final ascending wave [c] of E.

USDCHF

Probably, pair is forming final ascending wave [c], which may take the form of impulse or diagonal triangle.

USDCHF


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).

USDJPY

Possibly, 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.

USDJPY

Probably, 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.

USDJPY

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