Wave Analysis 26.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

26.11.2014

Analysis for November 26th, 2014

EUR USD, “Euro vs US Dollar”

One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of a large zigzag. At the moment, the pair is expected to finish a descending impulse A of (E) and then start an ascending correction B of (E).



Possibly, the price is finishing impulse [v] of A and the whole descending impulse A, which may be followed by an ascending correction B.



Probably, the pair is finishing the final impulse (v) of [v] of A and the whole descending impulse [v] of A. Right now, Euro is expected to start the final descending movement inside wave v of (v).




GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound is forming a descending correction 4 of (C) of a large ascending ending diagonal triangle(C), which may take the form of zigzag or more complicated pattern. The pair is completing a descending leading wedge[a] of 4, which may be followed by an ascending correction [b] of 4.



Probably, the price is completing impulse (v) of [a] and the whole descending wedge [a], which may be followed by an ascending correction [b].



Possibly, the pair is finishing the final descending impulse (v) of [a]. Right now, Pound is expected to start the final descending movement inside wave v of (v).




USD CHF, “US Dollar vs Swiss Franc”

One of the possible scenarios implies that Franc is forming the final ascending wave E, which may take the form of a large zigzag. The price is finishing an ascending impulse [a] of E, which may be followed by a descending correction [b] of E.



Possibly, the pair is completing ending wedge (v) of [a] and the whole ascending impulse [a], which may be followed by a descending correction [b].



Probably, the price is forming the final ascending impulse v of (v) of [a] of ending wedge(v) of [a]. Right now, Franc is expected to start the final ascending movement inside wave [5] of v.




USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen is completing a large ascending impulse (A). If this assumption is correct, then later the price is expected to start a large descending correction (B), maybe in the form of zigzag.



Probably, the pair is finishing an ascending impulse [v] of 5 of (A), which may be followed by a descending correction (B), the form of which isn’t quite clear yet.



Possibly, the price is completing an ascending impulse (v) of [v] of 5 of A. Right now, Yen is expected to start the final ascending movement inside wave v of (v).



 
RoboForex Analytical Department

Attention!

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.

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