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Wave Analysis 18.01.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

18.01.2013

Analysis for January 18th, 2013

EUR/USD

The current chart structure implies that Euro is now finishing an ascending impulse (1) of [C]. If this assumption is correct, then later the price may start forming a descending correction (2).



We may assume that the price almost completed an ascending impulse (1) of [C] and is about to start forming a descending correction (2).



We can’t exclude a possibility that the price is forming final waves of an ascending impulse (1).



GBP/USD

Pound continues forming a descending correction (ii) of [c] of B.



A local descending correction (ii) of [c], which is taking place right now, may take the form of flat.



We may assume that the pair is forming a descending wave a of (ii), which is taking the form of zigzag.



USD/CHF

We may assume that Franc completed a descending impulse A of (5) and started forming an ascending correction B of (5).



We may assume that the price is forming an ascending correction B.



We may assume that the first wave [a] of B of an ascending correction B may take the form of zigzag.



USD/JPY

We may assume that the price almost finished a long horizontal correction [4] of V, which may be followed by a descending wave [5] of V.



We may assume that the pair almost completed zigzag (Z) of [4] and a large correction [4]. If this assumption is correct, then later we can expect the price to make a reverse downwards.



We can’t exclude a possibility that the pair is finishing an ascending impulse C of (Z). If this assumption is correct, then later we can expect the price to make a reverse downwards.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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