Analysis for February 14th, 2013
EUR/USD
We can’t exclude a possibility that Euro is forming a descending correction
(2) of [C].
We can’t exclude a possibility that the price is forming a descending correction
(2) of [C], which may take the form of
double zigzag or
flat.
We may assume that the pair started a local ascending wave
B of (2).
GBP/USD
The situation is still not quite clear - Pound is either forming a descending correction
(ii) of [c] of B or a large descending correction
[b] of B.
We can’t exclude a possibility that the pair is finishing a descending wave
a of (ii) inside a correction
(ii) of [c].
We can’t exclude a possibility that the pair is completing a descending wave
a of (ii), which may be followed by a local ascending correction
b of (ii).
USD/CHF
We may assume that Franc completed a descending impulse
A of (5). If it’s true, the price is expected to start an ascending correction
B of (5).
We can’t exclude a possibility that the price is forming an ascending correction
B of (5), which may take the form of
double zigzag or
flat.
We may assume that the pair is forming a local descending correction
[b] of B, which may be followed by an ascending wave
[c] of B.
USD/JPY
We can’t exclude a possibility that the price is finishing (or finished) a final ascending structure inside a possible
zigzag(Z) of [4]. If the assumption is correct, the pair is expected to make a reverse and start moving downwards inside wave
[5] of V
The pair is completing (or completed) an ascending
zigzag(Z) of [4] and a large correction
[4]. If the assumption is correct, the price is expected to make a reverse and start forming a descending wave
[5].
The chart structure implies that the pair is completing (or completed) an ascending impulse
C of(Z) of [4]. If the assumption is correct, the later the price may start falling down and form wave
[5].
RoboForex Analytical Department