Wave Analysis 25.01.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for January 25^th, 2013

EUR/USD

Euro is expected to finish an ascending impulse (1) of [C] soon. If this assumption is correct, then later the price may start forming a descending correction (2).



The price is completing an ascending impulse (1) of [C], which may be followed by a descending correction (2).



The pair is forming a final wave (v) of [v] of 5 of a large ascending impulse (1), after which we can expect a descending correction (2).

GBP/USD

We may assume that Pound is forming a descending correction (ii) of [c] of B.



We may assume that a descending correction (ii) of [c] may take the form of flat (or double zigzag).



We may assume that the pair is finishing a descending wave a of (ii), which is taking the form of zigzag.

USD/CHF

Franc is forming an ascending correction B of (5) inside a descending zigzag(5).



The price is forming an ascending correction B, which may take the form of zigzag.



The first wave [a] of B of an ascending correction B is taking the form of zigzag.

USD/JPY

We can’t exclude a possibility that the price finished a long horizontal correction [4] of V, which may be followed by a descending wave [5] of V.



We can’t exclude a possibility that the pair is finishing final waves of zigzag(Z) of [4] and a large correction [4]. If this assumption is correct, then later we can expect the price to start moving downwards.



The pair is completing an ascending impulse C of (Z) of [4]. If this assumption is correct, then later we can expect the price to start falling down inside wave [5].



 
RoboForex Analytical Department