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Wave Analysis 22.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

22.02.2013

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 zigzag A-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.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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