Wave Analysis 08.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)
08.04.2014
Analysis for April 8th, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro finished ascending zigzag(D) of [B] and started forming final descending zigzag(E) of [B].
Probably, price finished descending impulse [i] of A of (E) of zigzag(E), which may be followed by local ascending correction [ii] of A of (E). Later pair may continue falling down.
Possibly, pair is forming ascending correction [ii] of A, which may take the form а zigzag.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is completing final wedge[c] of D of ascending zigzagD of (B) with extension in its first wave (i) of [c]. After completing zigzagD of (B), price is expected to start final descending zigzagE of (B).
Probably, pair finished descending correction (iv) of [c] of D of ascending wedge[c] of D and started forming final ascending wave (v) of [c] of D.
Possibly, price completed local descending correction ii of (v) and started forming ascending impulse iii of (v).
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc completed descending zigzagD of (4) and started forming final ascending zigzagE of (4).
Probably, price finished impulse (i) of [a] of E of final ascending zigzag E of 4. Right now, pair forming local descending correction (ii) of [a] of E, after which instrument may continue moving upwards.
Possibly, price completed ascending impulse v of (i) of [a] and started forming descending correction (ii) of [a], which may take the form of zigzag.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is finishing ascending impulse (A) and right now is forming long horizontal correction 4 of (A). If this assumption is correct, then after completing skewed triangle4, price is expected to make final ascending movement inside wave 5 of (A).
Possibly, pair is completing skewed triangle4, which may be followed by final ascending wave 5.
Probably, price is finishing descending zigzag[e] of 4, which may be followed by final ascending wave 5.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.