Analysis for February 22nd, 2013
EUR/USD
We can’t exclude a possibility that a descending correction
(2) of [C] or its first wave
A of (2) of [C] may take the form of
zigzag.
We may assume that the price is forming a descending
zigzagA-B-C of (2).
We may assume that the pair finished (or is finishing) the first wave
A of (2) of a descending
zigzag(2).
GBP/USD
Pound is about to finish a large descending correction
[b] of B.
We can’t exclude a possibility that a final wave
v of (c) of [b] of B of a correction
[b] of B is taking the form of a descending
zigzag[A]-[B]-[C] of v of (c) of [b] of B.
We can’t exclude a possibility that the pair completed a descending impulse
[A] of v. If the assumption is correct, after that the pair is expected to start a local ascending correction
[B] of v.
USD/CHF
We may assume that Franc is forming a local ascending correction
B of (5), which may be followed by a descending wave
C of (5).
We can’t exclude a possibility that right now the price is forming an ascending
zigzag, which may be either the whole correction
B of (5) or just its first wave
[a] of B of (5).
We may assume that the pair finished the first wave
[a] of B of an ascending correction
B, which may be followed by a local descending correction
[b] of B.
USD/JPY
The price is about to finish an ascending
zigzag(Z) of [4]. If the assumption is correct, after that 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 is completing an ascending
zigzag(Z) of [4] and a large correction
[4].
We can’t exclude a possibility that the pair is completing an ascending impulse
C of(Z) of [4], which lacks a final ascending wave
(v) of [v] of C.
RoboForex Analytical Department