Analysis for April 24th, 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 finishing 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 started final ascending wave
c of (v). However, this assumption hasn’t been confirmed, and pair may yet change the ending of correction
b 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 expected to start ascending wave
v of (v) of [c].
Probably, price finished local descending correction
iv of (v), which may be followed by ascending wave
v of (v). However, this assumption hasn’t been confirmed, and pair may yet change the ending of correction
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).
Probably, 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].
Possibly, 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).
Possibly, pair completed
skewed triangle4 of (A) and started forming final ascending wave
5 of (A).
Probably, price is forming 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.
RoboForex Analytical Department