Wave Analysis 16.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)
16.04.2014
Analysis for April 16th, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro is finishing diagonal triangle[v] of C of (D) of ascending zigzag(D) of [B], which may be followed by final descending zigzag(E) of [B].
Probably, price is forming final ascending zigzag(v) of [v] of C of (D). Pair has already finished ascending impulse a of (v) of [v] of C of (D) and right now is forming descending correction b of (v) of [v] of C of (D).
Possibly, pair is completing local descending correction b of (v) in the form of zigzag, which may be followed by ascending wave c of (v).
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 is finishing final ascending impulse (v) of [c] of D. Right now, price is forming ascending wave v of (v) of [c].
It looks like price is starting to form final ascending wave v of (v). However, this assumption hasn’t been confirmed yet, and pair may still be forming correction iv of (v) in the form of long horizontal pattern.
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc is completing diagonal triangle (v) of [c] of D of descending zigzagD of (4), which may be followed by final ascending zigzagE of (4).
Probably, price is forming final descending zigzagv of (v) of [c] of D. Pair is completing local ascending correction [B] of v, which may be followed by descending wave [C] of v.
Possibly, price is finishing ascending correction [B] of v in the form of zigzag, which may be followed by descending impulse or diagonal triangle[C] of v.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen finished long horizontal correction 4 of (A). In this case, price is expected to start final ascending movement inside wave 5 of (A).
Possibly, pair completed skewed triangle4, which may be followed by final ascending wave 5.
Probably, price finished descending double zigzag[e] of 4 and started forming final ascending wave 5.
RoboForex Analytical Department
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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.