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Wave Analysis 21.12.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

21.12.2012

Analysis for December 21st, 2012

EUR/USD

We may assume that Euro continues forming an ascending trend in the form of (double) zigzag [Y].



The price is completing an ascending impulse 1 of (A) of [Y].



We may assume that the pair is finishing an ascending impulse 1 of (A). If the assumption is correct, later we can expect a descending correction 2 of (A).



GBP/USD

We may assume that Pound is forming an ascending trend in the form of a possible impulse [с] of B.



We may assume that the price is completing an ascending impulse (i) of [c] of B.



We may assume that the pair is finishing an ascending impulse [5] of (i) of [c].  If the assumption is correct, after that we can expect a descending correction (ii) of [c].



USD/CHF

We may assume that Franc is forming a descending trend inside wave (5), which may take the form of (double) zigzag.



We may assume that the price is completing a descending impulse [i] of А of (5).



We may assume that the pair is finishing a descending impulse (v) of [i] of A. If the assumption is correct, after that we can expect an ascending correction [ii] of A.



USD/JPY

The price is completing a long horizontal correction [4] of V, after which we can expect a descending wave [5] of V.



We may assume that the pair is finishing zigzag (E) of [4] and a large correction [4].



We may assume that the price is finishing an ascending impulse C of (E) of [4] of V. If the assumption is correct, later we can expect the pair to start forming a descending 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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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