Wave Analysis 26.05.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for May 26^th, 2014

EUR USD, “Euro vs US Dollar”

Possibly, Euro finished the second “leg” C of (D) of ascending zigzag(D) of [B] in the form of diagonal triangle. In this case, price is expected to start forming final descending zigzag(E) of [B].



Probably, price is forming final descending zigzag(E). Right now, Euro is forming its first “leg”A of (E). After completing local ascending correction [ii] of A, pair may continue falling down inside impulse [iii] of A.



Possibly, after completing descending impulse [i] of A, price is expected to form local ascending correction [ii] of A.

GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound completed ascending zigzagD of (B) of large skewed triangle(B), which may be followed by final descending zigzagE of (B).



Possibly, price is forming final descending zigzagE. Right now, Pound is forming its first “leg”[a] of E. If this assumption is correct, then later pair may continue falling down inside impulse (iii) of [a].



Probably, price finished local ascending correction (ii) of [a] and started forming descending impulse (iii) of [a].

USD CHF, “US Dollar vs Swiss Franc”

Probably, Franc completed diagonal triangle [c] of D of descending zigzagD of (4), which may be followed by final ascending zigzagE of (4).



Probably, price is forming final ascending zigzagE. Right now, Franc is forming its first “leg” [a] of E. After completing local descending correction (ii) of [a], pair may continue growing up inside impulse (iii) of [a].



Possibly, after completing ascending impulse (i) of [a], pair is expected to start local descending correction (ii) of [a].

USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen is forming long horizontal correction 4 of (A). In this case, later price is expected to start final ascending movement inside wave 5 of (A).



Probably, pair finished descending zigzag[c] of 4 of horizontal triangle4 and started forming ascending zigzag[d] of 4.



Possibly, price is forming ascending zigzag[d] of 4 of horizontal triangle 4. After completing local descending correction (b) of [d], ascending trend may continue inside wave (c) of [d].



 
RoboForex Analytical Department