Wave Analysis 23.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)
23.04.2014
Analysis for April 23rd, 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].
Possibly, price is finishing final ascending zigzag(v) of [v] of C of (D). Right now, price is expected to start its ascending wave c of (v) of [v] of C of (D).
Probably, pair is starting final 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).
Possibly, pair is finishing final ascending impulse (v) of [c] of D. Right now, price is forming local descending correction iv of (v) of [c].
Probably, price is forming local descending correction iv of (v). Right now, price is expected to start its descending wave [C] of iv of (v).
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).
Possibly, price is forming final descending zigzagv of (v) of [c] of D. Pair is expected to form its descending wave [C] of v of [c].
Probably, pair finished 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).
Probably, pair completed skewed triangle4 and started forming final ascending wave 5.
Possibly, price started final ascending wave 5; pair has already finished diagonal triangle[i] of 5. If this assumption is correct, then after completing local descending correction [ii] of 5, pair may continue growing up inside impulse [iii] of 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.