Wave Analysis 25.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for March 25^th, 2013

EUR/USD

We can’t exclude a possibility that a descending correction (2) of [C] is taking the form of zigzag.



We can’t exclude a possibility that the price is finishing (or finished) diagonal triangle[v] of A of a descending impulse A.



Currently there are several possible scenarios how a descending impulse A of (2) may be finished.  Right now it better to wait for a while until the chart structure becomes clearer.

GBP/USD

Pound is completing a descending diagonal triangle(c) of [b].



We can’t exclude a possibility that the price is forming an ascending zigzag[B] of v, which may be followed by a local descending correction (B) of [B] of v.



We may assume that a local ascending correction [B] of v may take the form of zigzag.

USD/CHF

We can’t exclude a possibility 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 may assume that the price is finishing an ascending impulse [a] of B, which may be followed by a local descending correction (b) of B.



We can’t exclude a possibility that that the price is completing an ascending impulse [a].

USD/JPY

One of the possible scenarios implies 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.



The chart structure implies 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