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Wave Analysis 25.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

25.02.2013

Analysis for February 25th, 2013

EUR/USD

We may assume that a descending correction (2) of [C] or its first wave A of (2) of [C] is taking the form of zigzag.



We can’t exclude a possibility that the price is forming a descending zigzag, which may be either the whole correction (2) or just its first wave A of (2).



We can’t exclude a possibility that the pair finished (or is finishing) the first wave A of (2) of a descending zigzag (2).



GBP/USD

We may assume Pound is about to finish a large descending correction [b] of B.



We may assume that the price is finishing the first part [A] of v of (c) of [b] of B of a final zigzag v of (c) of [b] of B of a correction [b].



We may assume that the pair is completing 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

Franc is forming a local ascending correction B of (5), which may be followed by a descending wave C of (5).



We may assume 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 can’t exclude a possibility 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

We may assume that 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 may assume that the pair is completing an ascending zigzag (Z) of [4] and a large correction [4].



We may assume that the pair is finishing an ascending impulse C of (Z) of [4], which lacks a final ascending wave (v) of [v] of C in order to be completed.



 
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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.