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Wave Analysis 25.01.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

25.01.2013

Analysis for January 25th, 2013

EUR/USD

Euro is expected to finish an ascending impulse (1) of [C] soon. If this assumption is correct, then later the price may start forming a descending correction (2).



The price is completing an ascending impulse (1) of [C], which may be followed by a descending correction (2).



The pair is forming a final wave (v) of [v] of 5 of a large ascending impulse (1), after which we can expect a descending correction (2).



GBP/USD

We may assume that Pound is forming a descending correction (ii) of [c] of B.



We may assume that a descending correction (ii) of [c] may take the form of flat (or double zigzag).



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



USD/CHF

Franc is forming an ascending correction B of (5) inside a descending zigzag (5).



The price is forming an ascending correction B, which may take the form of zigzag.



The first wave [a] of B of an ascending correction B is taking the form of zigzag.



USD/JPY

We can’t exclude a possibility that the price finished a long horizontal correction [4] of V, which may be followed by a descending wave [5] of V.



We can’t exclude a possibility that the pair is finishing final waves of zigzag (Z) of [4] and a large correction [4]. If this assumption is correct, then later we can expect the price to start moving downwards.



The pair is completing an ascending impulse C of (Z) of [4]. If this assumption is correct, then later we can expect the price to start falling down inside wave [5].



 
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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.