Monthly Wave Analysis for January, 2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Forecast for January, 2015

EUR USD, “Euro vs US Dollar”

The updated chart structure implies that right now Euro is forming a large descending correction (b), the form of which isn’t quite clear yet. Probably, the first wave of this correction (b) is zigzag[A]-[B]-[C] of a of (b), which may be completed quite soon.



An alternative scenario implies that the market continues forming a descending wave [C] of a of (b) in the form of a large impulse.



Probably, right now the price is finishing the final descending impulse [C] of a, which may be followed by an ascending wave b. The structure and length of this wave may help us to predict the future long-term scenario of the price movement.



Probably, the market is about to complete a descending impulse (5) of [C] of a, after which the uptrend may continue inside wave b.

GBP USD, “Great Britain Pound vs US Dollar”

Probably, descending “leg” [A] of c of a large descending zigzag«c» has been completed, and at the moment the pair is forming an ascending correction [B] of c, which may also take the form of zigzag. One of the possible scenarios implies that the price is completing a descending correction (B) of [B] and right now is forming the second “leg” (C) of [B] of zigzag[B].



An alternative scenario implies that the market continues forming a descending wave [C] of c in the form of a large impulse.



Probably, right now the price is finishing the final descending impulse C of (B) of [B], which may be followed by an ascending wave (C) of [B]. The structure and length of this wave may help us to predict the future long-term scenario of the price movement.



Probably, the market is about to complete a descending impulse C of (B), after which the uptrend may continue inside wave (C).

USD CHF, “US Dollar vs Swiss Franc”

The updated chart structure implies that right now Franc is forming a large ascending correction (b), the form of which isn’t quite clear yet. Probably, the first wave of this correction (b) is zigzag[A]-[B]-[C] of a of (b), which may be completed quite soon.



An alternative scenario implies that the market continues forming an ascending wave [C] of a in the form of a large impulse.



Probably, right now the price is finishing the final ascending impulse [C] of a, which may be followed by an ascending wave b. The structure and length of this wave may help us to predict the future long-term scenario of the price movement.



Probably, the market is about to complete an ascending impulse (5) of [C] of a, after which the downtrend may continue inside wave b.

USD JPY, “US Dollar vs Japanese Yen”

One of the possible scenarios implies that the pair has completed a global descending impulse (a) and started forming a large ascending correction (b), the form of which isn’t quite clear yet. Possibly, the price has started this new uptrend with zigzag[A]-[B]-[C] of a of (b), which may be completed quite soon.



An alternative scenario implies that the market continues forming an ascending wave a of (b) in the form of a large impulse.



Probably, right now the price is finishing an ascending zigzag[A]-[B]-[C] of a. If this assumption is correct, then later the price is expected to start a large descending correction b. The structure and length of this wave may help us to predict the future long-term scenario of the price movement.



Probably, the market is about to complete the final ascending impulse [C] of a. In this case, one of these days the pair may start a large ascending correction b.



 
RoboForex Analytical Department