{"id":76629,"date":"2015-08-10T08:04:37","date_gmt":"2015-08-10T12:04:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=76629"},"modified":"2015-08-10T08:04:37","modified_gmt":"2015-08-10T12:04:37","slug":"wave-analysis-10-08-2015-eurusd-gbpusd-usdjpy-usdcad","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/wave-analysis-10-08-2015-eurusd-gbpusd-usdjpy-usdcad\/","title":{"rendered":"Wave Analysis 10.08.2015 (EUR\/USD, GBP\/USD, USD\/JPY, USD\/CAD)"},"content":{"rendered":"
August 10, 2015<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for August 10th<\/sup>, 2015<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

In case of Eurodollar, the situation is quite complicated. The main scenario implies that the price may continue falling inside a larger descending impulse iii of (iii) of [iii]<\/strong>. At the same time, an alternative scenario suggests that the pair may be forming a bigger horizontal triangle<\/em> (B) of [Y]<\/strong> and by now it has only completedzigzag<\/em> B of (B)<\/strong> inside this pattern.<\/p>\n

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Being influenced by the data on the US market published last Friday, the correction ii of (iii) of [iii]<\/strong> looks a bit \u201ctorn\u201d. In the nearest future, the price is expected to finish wave [C] of ii of (iii)<\/strong> and resume moving downwards.<\/p>\n

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GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/h2>\n

Pound continues falling inside wave [iii] of 1 of (3)<\/strong> with quite severe local pullbacks upwards. Probably, in the nearest future, the price may continue moving downwards. At the same time, an alternative scenario is gaining momentum, according to which the pair may be forming a deeper wave (2) of [C]<\/strong> with horizontal triangle<\/em> B of (2) of [C]<\/strong> inside it.<\/p>\n

\"\"<\/p>\n

Just as we expected, the pair has reached a new local low and finished wave [3] of iii of (i)<\/strong>. After completing wave [4] of iii of (i)<\/strong>, the market is expected to continue falling.<\/p>

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USD JPY, \u201cUS Dollar vs Japanese Yen\u201d<\/h2>\n

Most likely, it\u2019s only now that the pair has completed wave (i) of [iii] of 3<\/strong> in the form of leading diagonal triangle<\/em>. After finishing the local correction (ii) of [iii] of 3<\/strong>, the price is expected to continue growing. However, this pattern may turn out to be another three-wave structure and then (in the pair continues falling) we\u2019ll have the correction from the longer time frame.<\/p>\n

\"\"<\/p>\n

Wave (i) of [iii] of 3<\/strong> has taken the form of leading diagonal triangl<\/em>e, and right now the price is forming the local correction (ii) of [iii] of 3<\/strong>. After finishing it, the market may continue moving upwards.<\/p>\n

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USD CAD, \u201cUS Dollar vs Canadian Dollar\u201d<\/h2>\n

Most likely, it\u2019s only now that Canadian Dollar has completed the local correction ii of (v) of [v]<\/strong>, which may be followed by a new local high and a further growth.<\/p>\n

\"\"<\/p>\n

The market has finished a descending correction ii of (v) of [v]<\/strong> in the form of a descending zigzag<\/em>. Right now, the price is forming the local correction [2] of iii of (v)<\/strong>, after which the pair may continue growing.<\/p>\n

\"\"<\/p>\n

RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n

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Article By RoboForex.com Analysis for August 10th, 2015 EUR USD, \u201cEuro vs US Dollar\u201d In case of Eurodollar, the situation is quite complicated. The main scenario implies that the price may continue falling inside a larger descending impulse iii of (iii) of [iii]. At the same time, an alternative scenario suggests that the pair may […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76629","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=76629"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76629\/revisions"}],"predecessor-version":[{"id":76630,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76629\/revisions\/76630"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}