Wave Analysis 06.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for March 6^th, 2013

EUR/USD

We can’t exclude a possibility that Euro finished the first wave A of (2) of [C] of a correction (2) of [C].



A descending wave A of (2) may take the form of zigzag (or an impulse) and be followed by a local ascending correction B of (2).



We can’t exclude a possibility that the pair completed the first part A of (2) of a descending correction (2) in the form of zigzag. However, one should remember that this zigzag may easily transform into an impulse.

GBP/USD

We may assume that Pound is finishing diagonal triangle(c) of [b], after which the short-term trend is expected to make a reverse upwards.



The price finished (or is finishing) the first part [A] of v of (c) of [b] of B of a final zigzagv of (c) of [b] of B.



We may assume that the pair completed (or is completing) a descending impulse [A] of v, which may be followed by a local ascending correction [B] of v.

USD/CHF

We may assume that Franc is still 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 correction, which may be either wave B of (5) or just its first part [a] of B of (5).



One of the possible scenarios implies that the first wave [a] of B of an ascending correction B started with wave (a) of [a] in the form of triple zigzag. However, one should remember that this zigzag may easily transform into an impulse.

USD/JPY

We may assume that the price is completing a horizontal triple three[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]. If the assumption is correct, this pattern may complete a large correction [4].



The current chart structure implies that the price needs one more wave, [v] of C of (Z) of [4], in order to finish an ascending impulse C of(Z) of [4].



 
RoboForex Analytical Department