Wave Analysis 18.12.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

18.12.2014

Analysis for December 18th, 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 finishing a descending impulse A of (E), which may be followed by an ascending correction B of (E).



Possibly, the price is completing the final impulse [v] of A of a descending impulse A.



Probably, the pair is finishing the final impulse [v] 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 is finishing a descending leading wedge[a] of 4, which may be followed by an ascending correction [b] of 4.



Probably, the price is completing the final impulse v of (v) of [a] of a descending leading wedge [a], which may be followed by an ascending correction [b].



Possibly, the pair is finishing the final descending impulse v of (v) 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 finishing an ascending impulse [a] of E, which may be followed by a descending correction [b] of E.



Possibly, the pair is completing the final impulse (v) of [a] of an ascending impulse [a].



Probably, the price is finishing the final impulse (v) of [v].




USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen has completed a large ascending impulse (A). If this assumption is confirmed, 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). In this case, after an ascending correction [ii] of A, the downtrend may continue inside impulse [iii] of A.



 
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