Analysis for December 19th, 2014
EUR USD, “Euro vs US Dollar”
One of the possible scenarios implies that Euro is forming the final descending wave
(E) of [B], which may take the form of a large
zigzag. Right now, the pair is finishing a descending impulse
A of (E), which may be followed by an ascending correction
B of (E).
Probably, the price is completing the final impulse
[v] of A of a descending impulse
A.
Possibly, the pair is finishing the final impulse
[v] of A. In this case, in order to reverse upwards, the price needs to form several final waves.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming a descending correction
4 of (C) of a large ascending
ending diagonal triangle(C), which may take the form of
zigzag or more complicated pattern. The pair has finished (or is finishing right now) a descending
leading wedge[a] of 4, which may be followed by an ascending correction
[b] of 4.
Possibly, the price is completing the final impulse
v of (v) of [a] of a descending
leading wedge [a], which may be followed by an ascending correction
[b].
Probably, the pair is starting an ascending correction
[b], the form of which isn’t quite clear yet.
USD CHF, “US Dollar vs Swiss Franc”
One of the possible scenarios implies that Franc is forming the final ascending wave
E of (4), which may take the form of a large
zigzag. Right now, the price is finishing an ascending impulse
[a] of E, which may be followed by a descending correction
[b].
Probably, the pair is completing the final impulse
(v) of [a] of an ascending impulse
[a].
Possibly, the price is finishing the final impulse
[v] of [a]. In this case, in order to reverse downwards, the price needs to form several final waves.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen has completed a large ascending impulse
(A). If this assumption is confirmed, then the price is expected to start a large descending correction
(B).
Possibly, the pair has finished
diagonal triangle(v) of [v] and the whole ascending impulse
[v] of 5 of (A). Right now, the price is starting a large descending correction
(B), maybe in the form of
zigzag.
Probably, the price is forming impulse
A of (B) of a descending
zigzag(B). In this case, the downtrend may continue inside impulse
[iii] of A.
RoboForex Analytical Department