Article By RoboForex.com
Analysis for April 9th, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro finished ascending zigzag (D) of [B] and right now is forming final descending zigzag (E) of [B].
Possibly, price finished descending impulse [i] of A of (E) of zigzag (E). Right now, pair is forming local ascending correction [ii] of A of (E), after which Euro may continue falling down.
Probably, pair is finishing ascending correction [ii] of A or its first wave (a) of [ii], which may be followed by reverse downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is completing final wedge [c] of D of ascending zigzag D of (B) with extension in its first wave (i) of [c]. After completing zigzag D of (B), price is expected to start final descending zigzag E of (B).
Possibly, pair finished descending correction (iv) of [c] of D of ascending wedge [c] of D and started forming final ascending wave (v) of [c] of D.
Probably, price is completing ascending impulse iii of (v), which may be followed by descending correction iv of (v).
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc completed descending zigzag D of (4) and right now is forming final ascending zigzag E of (4).
Possibly, price finished impulse (i) of [a] of E of final ascending zigzag E of 4. Right now, pair forming local descending correction (ii) of [a] of E, after which instrument may continue moving upwards.
Probably, price is completing descending correction impulse (ii) of [a] or its first wave a of (ii).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is finishing ascending impulse (A) and right now is forming long horizontal correction 4 of (A). If this assumption is correct, then after completing skewed triangle 4, price is expected to make final ascending movement inside wave 5 of (A).
Probably, pair completed (or is completing) skewed triangle 4, which may be followed by final ascending wave 5.
Possibly, price finished (or is finishing) descending zigzag [e] of 4, which may be followed by final ascending wave 5.
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.
