Wave Analysis 14.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for February 14^th, 2013

EUR/USD

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



We can’t exclude a possibility that the price is forming a descending correction (2) of [C], which may take the form of double zigzag or flat.



We may assume that the pair started a local 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 the pair is finishing a descending wave a of (ii) inside a correction (ii) of [c].



We can’t exclude a possibility that the pair is completing a descending wave 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). 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 forming an ascending correction B of (5), which may take the form of double zigzag or flat.



We may assume that the pair is forming a local descending correction [b] of B, which may be followed by an ascending wave [c] of B.

USD/JPY

We can’t exclude a possibility that the price is finishing (or finished) a final ascending structure inside a possible 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



The pair is completing (or completed) 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].



The chart structure implies that the pair is completing (or completed) 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