Wave Analysis 26.03.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for March 26^th, 2013

EUR/USD

We may assume that a descending correction (2) of [C] is taking the form of zigzag. Right now Euro is finishing an impulse A of (2).



One of the possible scenarios implies that the price is finishing a descending impulse A.



We can’t exclude a possibility that a correction [iv] of A took the form of skewed triangle; at the moment the pair is completing a descending impulse [v] of A of (2). If the price doesn’t expand this impulse, then a descending impulse A of (2) may be finished within the next several days.

GBP/USD

We can’t exclude a possibility that Pound is forming a local ascending correction [B] of v inside a final descending zigzagv of (c) of [b].



We may assume 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.



There is a possibility that a local ascending correction [B] of v is taking the form of zigzag (A)-(B)-(C) of [B].

USD/CHF

We may assume that Franc is forming an 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.



One of the possible scenarios implies that that the price is completing an ascending impulse [a].

USD/JPY

We can’t exclude a possibility that a medium-term descending trend is taking place, which may be either a descending wave [5] of V or a deep pullback, at least. 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]. If this assumption is correct, then the pair is expected to break the confirming level without breaking the critical one.



If the assumption about a correction [4] is correct, then right now the price is making a new descending movement inside wave [5], which started with a possible wedge[i].



 
RoboForex Analytical Department