Wave Analysis 17.12.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for December 17^th, 2012

EUR/USD

The chart structure implies that Euro continues forming an ascending trend in the form of (double) zigzag [Y].



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



It looks like the pair finished (or 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 continues forming an ascending trend in the form of a possible impulse [с] of B.



The chart structure implies that that the price completed (or is completing) an ascending impulse (i) of [c] of B.



We can’t exclude a possibility that the price finished (or is finishing) an ascending impulse (i) of [c].  If the assumption is correct, after that we can expect a descending correction (ii) of [c].

USD/CHF

The chart structure implies that Franc continues forming a descending trend inside wave (5), which may take the form of (double) zigzag.



It looks like that the price completed (or is completing) a descending impulse [i] of А of (5).



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

USD/JPY

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



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



The pair completed (or is completing) 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].



 
RoboForex Analytical Department