3 August, 2015
EUR USD, “Euro vs US Dollar”
After completing the local correction (ii) of [iii] of 1, the market continues moving downwards inside a large descending impulse (iii) of [iii] of 1. In the future, the market is expected to continue falling.
Probably, the pair has finished the first five-wave structure i of (iii) of [iii] inside the extension, and after a local pullback inside wave ii of (iii) of [iii], the price is expected to continue moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Price dynamics is not very active, thus providing us with a lot of alternative scenarios. So, the main of them implies that the market may continue forming wave [iii] of 1 of (3) and we can expect a significant decline during the entire month of August. At the same time, there is an alternative scenario (colored in gray), suggesting that the price may be forming horizontal triangle (b) of [ii] of 1, which may be followed by a local growth inside wave (c) of [ii] of 1.
Just as we expected, the pair has formed leading diagonal triangle i of (i) of [iii], and a significant ascending correction ii of (i) of [iii]. In the future, the market is expected to continue falling. We can be more sure about this only after the price is able to stay below the confirming level (crimson line on the chart).
USD JPY, “US Dollar vs Japanese Yen”
Yen has completed the correction (ii) of [iii] of 3 in the form of a descending zigzag, which may be followed by a fast growth inside wave (iii) of [iii] of 3.
After completing the correction (ii) of [iii] of 3, the pair has formed the first five-wave ascending structure i of (iii) of [iii] and the short-term correction ii? of (iii) of [iii]. In the future, the market is expected to continue growing.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar continues moving upwards and extending wave (v) of [v] of 3. After finishing the local correction, the pair may continue growing.
Probably, the market is forming a significant extension inside wave (v) of [v] of 3. The price has already completed 2 ascending impulses, i and ii of (v) of [v], and wave  of iii of (v), which may be followed by a further growth.
RoboForex Analytical Department
Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...
The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...
Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...
Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...
Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...
After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...
Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...
Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...