Wave Analysis 17.12.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for December 17^th, 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 expected to finish a descending impulse A of (E) and then start an ascending correction B of (E).



Possibly, the price has completed the final descending wedge(v) of [v] of A of a large descending impulse A and right now is starting an ascending correction B, maybe in the form of zigzag.



Probably, the pair is forming impulse [a] of B of an ascending zigzagB. In this case, after a descending correction (ii) of [a], the uptrend may continue inside impulse (iii) of [a].

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 a descending leading wedge[a] of 4, which may be followed by an ascending correction [b] of 4.



Probably, the price has completed a descending leading wedge [a] and right now is starting an ascending correction [b], maybe in the form of zigzag. 



Possibly, the pair is forming impulse (a) of [b] of an ascending zigzag[b]. If this assumption is correct, the uptrend may continue inside impulse iii of (a).

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 expected to finish an ascending impulse [a] of E and start a descending correction [b] of E.



Possibly, the pair has finished the final ascending wedgev of (v) of [a] of a large ascending impulse [a] and right now is starting a 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, after an ascending correction ii of (a), the downtrend may continue inside impulse iii of (a).

USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen has completed a large ascending impulse (A). If this assumption is correct, then the price is expected to start a large descending correction (B).



Probably, 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.



Possibly, the price is forming impulse A of (B) of a descending zigzag(B). If this assumption is correct, then after an ascending correction [ii] of A, the downtrend may continue inside impulse [iii] of A.



 
RoboForex Analytical Department