Article By RoboForex.com
Analysis for February 12th, 2014
EUR USD, “Euro vs US Dollar”
Possibly, Euro completed ascending zigzag (D) of [B] and started forming final descending zigzag (E) of [B]. However, this assumption hasn’t been confirmed and price may yet change structure of wave (D).
Possibly, price is forming the first “leg” A of (E) of descending zigzag (E). Pair finished ascending correction [ii] of A of (E), which may be followed by descending impulse [iii] of A of (E).
Probably, pair finished ascending correction [ii] of A. In this case, later price is expected to start descending impulse [iii] of A.
GBP USD, “Great Britain Pound vs US Dollar”
Possibly, Pound finished ascending zigzag D of (B). In this case, pair is expected to form final descending zigzag E of (B).
Probably, price started final descending zigzag E. Right now, pair is starting impulse (iii) of [a] of E.
Possibly, pair finished ascending correction (ii), which may be followed by descending movement inside wave (iii).
USD CHF, “US Dollar vs Swiss Franc”
Possibly, Franc completed descending zigzag D of (4) and started forming final ascending zigzag E of (4) of [C]. However, this assumption hasn’t been confirmed and price may yet change structure of wave D.
Probably, price completed descending correction (ii) of [a] of E of ascending zigzag E, which may be followed by ascending impulse (iii) of [a] of E.
Possibly, pair finished descending correction (ii) of [a], which may be followed by ascending impulse (iii) of [a].
USD JPY, “US Dollar vs Japanese Yen”
Possibly, Yen finished ascending impulse (A). In this case, later price is expected to start large descending correction (B), may be in the form of zigzag.
Probably, pair finished impulse [i] of A of (B) of horizontal correction (B). Right now, price is forming local ascending correction [ii] of A, which may be followed by descending impulse [iii] of A.
Possibly, price is forming ascending correction [ii] of A in the form of zigzag, which may be followed by descending impulse [iii] of A.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s 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.
