Wave Analysis 11.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for February 11^th, 2013

EUR/USD

We may assume that Euro started forming a descending correction (2) of [C].



We may assume that the price is forming a descending correction (2) of [C].



We can’t exclude a possibility that a correction (2) may take the form of double three or flat.

GBP/USD

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



We can’t exclude a possibility that a descending correction (ii) of [c] may take the form of (double) zigzag.



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

USD/CHF

We can’t exclude a possibility that Franc completed a descending impulse A of (5). If it’s true, the price is expected to start an ascending correction B of (5).



We may assume that the price is forming an ascending correction B of (5).



We can’t exclude a possibility that the pair is finishing the first wave [a] of B of an ascending correction B, the form of which is not clear now.

USD/JPY

We may assume that the price is finishing a final ascending structure inside a possible zigzag(Z) of [4].



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



 
RoboForex Analytical Department