Wave Analysis 22.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for March 22^nd, 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 diagonal triangle[v] of A of a descending impulse A.



We may assume that that the pair may complete a descending impulse very soon A by making a final descending movement inside diagonal triangle[v] of A. However, we should note, that a possible diagonal triangle[v] of A may turn out to be skewed triangle[iv] of A.

GBP/USD

We may assume that Pound is completing a descending diagonal triangle(c) of [b].



We may assume that the price is forming a local ascending correction [B] of v, which may take the form of zigzag.



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

USD/CHF

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



We can’t exclude a possibility that the price is forming an ascending zigzag[a]. Right now the pair is forming a local descending correction (b) of [a].



We may assume that that the price is local descending correction (b) of [a], wave a of (b) of which may take the form of zigzag.

USD/JPY

We can’t exclude a possibility that the pair is forming a descending wave [5] of V or making a deep pullback, at least. The depth of the expected descending movement may help us to define a future scenario.



We may assume that 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 that the price finished an ascending impulse C of(Z) of [4] and started a new descending trend inside wave [5].



 
RoboForex Analytical Department