Analysis for April 23rd, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro is finishing
diagonal triangle[v] of C of (D) of ascending
zigzag(D) of [B], which may be followed by final descending
zigzag(E) of [B].
Possibly, price is finishing final ascending
zigzag(v) of [v] of C of (D). Right now, price is expected to start its ascending wave
c of (v) of [v] of C of (D).
Probably, pair is starting final ascending wave
c of (v).
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is completing final
wedge[c] of D of ascending
zigzagD of (B) with
extension in its first wave
(i) of [c]. After completing
zigzagD of (B), price is expected to start final descending
zigzagE of (B).
Possibly, pair is finishing final ascending impulse
(v) of [c] of D. Right now, price is forming local descending correction
iv of (v) of [c].
Probably, price is forming local descending correction
iv of (v). Right now, price is expected to start its descending wave
[C] of iv of (v).
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc is completing
diagonal triangle (v) of [c] of D of descending
zigzagD of (4), which may be followed by final ascending
zigzagE of (4).
Possibly, price is forming final descending
zigzagv of (v) of [c] of D. Pair is expected to form its descending wave
[C] of v of [c].
Probably, pair finished ascending correction
[B] of v in the form of
zigzag, which may be followed by descending impulse or
diagonal triangle[C] of v.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen finished long horizontal correction
4 of (A). In this case, price is expected to start final ascending movement inside wave
5 of (A).
Probably, pair completed
skewed triangle4 and started forming final ascending wave
5.
Possibly, price started final ascending wave
5; pair has already finished
diagonal triangle[i] of 5. If this assumption is correct, then after completing local descending correction
[ii] of 5, pair may continue growing up inside impulse
[iii] of 5.
RoboForex Analytical Department