Wave Analysis 12.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for March 12^th, 2013

EUR/USD

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



We may assume that the price started a local ascending correction B of (2), which may be followed by a new descending movement inside the second part of zigzag(2), wave C 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 impulse. If this assumption is correct, later the pair may start a local ascending correction B.

GBP/USD

Pound is finishing a large correction [b] with diagonal triangle(c) of [b]. If it’s true, later the short‑term trend is expected to make a reverse upwards.



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



The pair 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 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 wave B of (5) or just its first part [a] of B of (5).



We can’t exclude a possibility that the price completed the first part of zigzag[a] of B, wave (a) of [a] of B, in the form of an impulse.

USD/JPY

The chart structure implies that the price completed an almost horizontal triple three[4]. In this assumption is correct, later the pair is expected to start a new descending trend 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 price is finishing an ascending impulse C of(Z) of [4], after which the short‑term trend is expected to make a reverse downwards and start forming wave [5].



 
RoboForex Analytical Department