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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 28.12.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Wave Analysis 28.12.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

28.12.2012
0

Analysis for December 28th, 2012

EUR/USD

It’s the end of the year and Euro is still forming an ascending trend in the form of a large (double) zigzag [Y].



We can’t exclude a possibility that the price is completing an ascending impulse 1 of (A) of [Y].



The pair is finishing an ascending impulse 1 of (A), after which we can expect a descending correction 2 of (A).



GBP/USD

We can’t exclude a possibility that Pound is forming an ascending trend in the form of a possible impulse [с] of B.



We can’t exclude a possibility that the price completed an ascending impulse (i) of [c] of B and right now is forming a local descending correction (ii) of [c].



We can’t exclude a possibility that the pair is forming a local descending correction (ii) of [c], which may take the form of zigzag.



USD/CHF

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



We can’t exclude a possibility that the price is completing a descending impulse [i] of А of (5).



The pair is finishing a descending impulse (v) of [i] of A, after which we can expect an ascending correction [ii] of A.



USD/JPY

We can’t exclude a possibility that the price is completing a long horizontal correction [4] of V, after which we can expect a descending wave [5] of V.



We can’t exclude a possibility that the pair is finishing zigzag (Z) of [4] and a large correction [4].



The price is finishing an ascending impulse C of (Z) of [4] of V, after which 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.