Wave Analysis 13.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for February 13^th, 2013

EUR/USD

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



We may assume that the price is forming a descending correction (2) of [C], which may take the form of double three or flat.



We can’t exclude a possibility that the pair finished the first wave A of (2) of a correction (2) and started an ascending wave B of (2).

GBP/USD

The situation is still not quite clear - Pound is either forming a descending correction (ii) of [c] of B or a large descending correction [b] of B.



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



We may assume that the pair finished a descending wave a of (ii) and started 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), which may take the form of double three or flat.



We can’t exclude a possibility that the pair finished the first wave [a] of B of an ascending correction B and started a descending wave [b] of B.

USD/JPY

The current chart structure implies that the price finished a final ascending structure inside zigzag(Z) of [4]. If the assumption is correct, the pair is expected to make a reverse and start moving downwards inside wave [5] of V.



We can’t exclude a possibility that the pair completed an ascending zigzag(Z) of [4] and a large correction [4]. If it’s true, we can expect the price to make a reverse downwards and start forming wave [5].



We may assume that the pair completed an ascending impulse C of(Z) of [4].  If the assumption is correct, then later the price may start falling down and form wave [5].



 
RoboForex Analytical Department