Wave Analysis 08.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for February 8^th, 2013

EUR/USD

We may assume that Euro finished an ascending wave (1), but this assumption has yet to be confirmed. However, if it’s true, then the price is starting a descending correction (2) of [C].



We can’t exclude a possibility that the price is forming a descending correction (2) of [C].



The form of an ascending correction (2) is not clear now; it will mostly depend on its first wave A of (2).

GBP/USD

Pound is slowly finishing wave a of (ii) of [c] of B of a local descending correction (ii) of [c] of B.



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



We can’t exclude a possibility that the pair is finishing a descending impulse a of (ii), which may be followed by a local ascending correction b of (ii).

USD/CHF

We may assume that Franc completed a descending impulse A of (5), but this assumption has yet to be confirmed. However, if it’s true, the price is expected to start an ascending correction B of (5).



We can’t exclude a possibility that the price is starting an ascending correction B of (5).



We may assume that the pair is forming the first waves of an ascending correction B, the form of which is not clear now.

USD/JPY

We can’t exclude a possibility that the price is finishing a final ascending structure inside a possible zigzag(Z) of [4].



We may assume that the pair is completing zigzag(Z) of [4] and a large correction [4]. If the assumption is correct, the price is expected to make a reverse and start forming a descending wave [5].



We can’t exclude a possibility that the pair is completing an ascending impulse C of(Z) of [4] and then may start falling down and form wave [5].



 
RoboForex Analytical Department