Wave Analysis 20.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for March 20^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 finished a descending impulse A of (2). However, the pair may continue falling down.



We may assume that the pair is completing a descending wave A of (2). If this assumption is correct, the price is expected to start a local ascending correction B of (2).

GBP/USD

We may assume that Pound isn’t finishing its descending movement. However, it is completing diagonal triangle(c) of [b].



We may assume that the price is forming a local ascending correction [B] of v, the form of which is not quite clear yet.



We can’t exclude a possibility that the pair is already forming a local ascending correction [B] of v, the form of which is not quite clear yet.

USD/CHF

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



It looks like 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). Right now the pair is forming a local descending correction (b) of [a].



We may assume that the price completed the first part (a) of [a] of B of an ascending zigzag[a] of B and started forming a local descending correction (b) of [a].

USD/JPY

The depth of the expected descending movement may help us to define a future scenario.



We may assume that the pair completed an ascending zigzag(Z) of [4] and a large correction [4]. However, this assumption has yet to be confirmed.



We may assume that the price finished an ascending impulse C of(Z) of [4]. If this assumption is correct, the short‑term trend is expected to make a reverse downwards and start forming wave [5].



 
RoboForex Analytical Department