Wave Analysis 28.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for February 28^th, 2013

EUR/USD

Euro is finishing first wave A of (2) of [C] of a descending correction (2) of [C].



We may assume that the price is forming a descending zigzagA of (2), which may be followed by a local ascending correction B of (2).



We may assume that the pair is completing the first part A of (2) of a descending correction (2) in the form of zigzag.

GBP/USD

The chart structure implies that Pound is finishing 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 zigzagv of (c) of [b] of B.



If the assumption is correct, it means that the pair is completing a descending impulse [A] 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).



The chart structure implies that right now the price is forming an ascending three-wave correction, which may be either wave B of (5) or just its first part [a] of B of (5).



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



 
RoboForex Analytical Department