Wave Analysis 14.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

14.03.2013

Analysis for March 14th, 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 is finishing a descending impulse A of (2), which may be followed by a local ascending correction B of (2).



The pair is completing the first part A of (2) of a descending zigzag(2) in the form of impulse.



GBP/USD

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



We may assume that 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.



We may assume that 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).



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 is completing diagonal trianglev of (a) of the first wave (a) of [a] of B of an ascending zigzag[a] of B. later we can expect a local descending correction (b) of [a].



USD/JPY

After completing a correction [4], 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].



 
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