Analysis for November 21st, 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. At the moment, the pair is expected to start an ascending correction
B of (E).
Probably, the price has finished
diagonal triangle [v] of A of a descending impulse
A with a
truncation inside wave
(v) of [v]. The pair has started an ascending correction
B, the form of which isn’t quite clear yet. However, the price may yet change the ending of a descending wave
A.
Possibly, the pair has started forming
diagonal triangle(i) of [a] of B of an ascending correction
B.
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 completed (or is completing) a descending
leading diagonal triangle[a] of 4, which may be followed by an ascending correction
[b] of 4.
Possibly, the price has completed
zigzag(v) of [a] of a descending
diagonal triangle [a] of 4, which may be followed by an ascending correction
[b] of 4.
Probably, the pair has finished (or is finishing) the final descending impulse
c of (v) of [a], which may be followed by an ascending correction
[b] of 4. Possibly, the price is starting
diagonal trianglei of (a) of [b].
USD CHF, “US Dollar vs Swiss Franc”
One of the possible scenarios implies that Franc is forming the final ascending wave
E, which may take the form of a large
zigzag. The price has finished an ascending impulse
[a] of E, which may be followed by a descending correction
[b] of E.
Probably, the pair has completed
diagonal triangle (v) of [a] of an ascending impulse
[a] with a
truncation inside wave
v of (v). Franc is starting a descending correction
[b], the form of which isn’t quite clear yet. However, the price may yet change the ending of an ascending wave
[a].
Possibly, the price has started forming
diagonal triangle i of (a) of [b] of a descending correction
[b].
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse
(A). If this assumption is correct, then later the price is expected to start a large descending correction
(B), maybe in the form of
zigzag.
Possibly, the pair is finishing an ascending impulse
[v] of 5 of (A), which may be followed by a descending correction
(B), the form of which isn’t quite clear yet.
Probably, the price is completing an ascending impulse
(v) of [v] of 5 of A, which may be followed by a large descending correction
(B).
RoboForex Analytical Department