Analysis for August 22nd, 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,
flat or some double pattern. Right now, the pair is expected to start an ascending correction
B of (E) of [B].
Probably, the price finished (or is finishing right now) a descending impulse
[c] of A and the whole
zigzagA, which may be followed by an ascending
zigzagB.
Possibly, the pair completed a descending impulse
(v) of [c] of A and the whole
zigzagA. Right now, the price is starting an ascending
zigzag B.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound completed the final
wedge[c] of D of an ascending
zigzagD of (B) of a large
skewed triangle(B). Right now, the pair is forming the final descending wave
E of (B), which may take the form of
(double) zigzag.
Possibly, the price is forming an impulse
[a] of E of the final descending wave
E of (B), which may be followed by an ascending
zigzag[b] of E.
Probably, the pair completed (or is completing right now) a descending impulse
v of (c) of [a], which may be followed by an ascending
zigzag[b].
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,
flat, or some double pattern. Right now, the price is expected to start a descending correction
[b] of E of (4).
Probably, the pair finished (or is finishing right now) an ascending
zigzag(c) of [a] and the whole
zigzag[a], which may be followed by a descending
zigzag[b].
Possibly, the pair completed an ascending impulse
v of (c) of [a] and the whole
zigzag[a], which may be followed by a descending
zigzag[b].
USD JPY, “US Dollar vs Japanese Yen”
Probably, right now Yen is expected to start forming a descending
zigzag[e] of 4 of (A) of a long horizontal correction
4 of (A). In this case, later the price is expected to start the final ascending movement inside wave
5 of (A).
Probably, the pair completed (or is completing right now) an ascending
zigzag[d] of 4, which may be followed by the final descending
zigzag [e] of 4.
Possibly, the price finished (or is finishing) the final ascending impulse
(c) of [d] of
zigzag[d]. If this assumption is correct, the pair is expected to start a descending
zigzag[e] of 4.
RoboForex Analytical Department