Wave Analysis 25.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for February 25^th, 2013

EUR/USD

We may assume that a descending correction (2) of [C] or its first wave A of (2) of [C] is taking the form of zigzag.



We can’t exclude a possibility that the price is forming a descending zigzag, which may be either the whole correction (2) or just its first wave A of (2).



We can’t exclude a possibility that the pair finished (or is finishing) the first wave A of (2) of a descending zigzag(2).

GBP/USD

We may assume Pound is about to finish a large descending correction [b] of B.



We may assume that the price is finishing the first part [A] of v of (c) of [b] of B of a final zigzagv of (c) of [b] of B of a correction [b].



We may assume that the pair is completing a descending impulse [A] of v. If the assumption is correct, after that the pair is expected to start a local ascending correction [B] of v.

USD/CHF

Franc is forming a local ascending correction B of (5), which may be followed by a descending wave C of (5).



We may assume that right now the price is forming an ascending zigzag, which may be either the whole correction B of (5) or just its first wave [a] of B of (5).



We can’t exclude a possibility that the pair finished the first wave [a] of B of an ascending correction B, which may be followed by a local descending correction [b] of B.

USD/JPY

We may assume that the price is about to finish an ascending zigzag(Z) of [4]. If the assumption is correct, after that the pair is expected to make a reverse and start moving downwards inside wave [5] of V.



We may assume that the pair is completing an ascending zigzag(Z) of [4] and a large correction [4].



We may assume that the pair is finishing an ascending impulse C of(Z) of [4], which lacks a final ascending wave (v) of [v] of C in order to be completed.



 
RoboForex Analytical Department