Wave Analysis 11.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

11.04.2014

Analysis for April 11th, 2014

EUR USD, “Euro vs US Dollar”

Possibly, Euro finished ascending zigzag(D) of [B] and right now is forming final descending zigzag(E) of [B].



Possibly, price finished (or is finishing) local ascending correction [ii] of A of (E), after which Euro may continue falling down.



Probably, pair completed (or is completing) ascending correction [ii] of A or its first wave (a) of [ii], which may be followed by reverse downwards.




GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound is completing final wedge[c] of D of ascending zigzagD of (B) with extension in its first wave (i) of [c]. After completing zigzagD of (B), price is expected to start final descending zigzagE of (B).



Possibly, pair is forming final ascending wave (v) of [c] of D. Right now, price is expected to form descending correction iv of (v) of [c].



Probably, price completed ascending impulse iii of (v), which may be followed by descending correction iv of (v).




USD CHF, “US Dollar vs Swiss Franc”

Probably, Franc completed descending zigzagD of (4) and right now is forming final ascending zigzagE of (4).



Possibly, price finished impulse (i) of [a] of E of final ascending zigzag E of 4. By now, pair has already finished (or is finishing right now) local descending correction (ii) of [a] of E, after which instrument may continue moving upwards.



Probably, price completed (or is completing) descending correction (ii) of [a] or its first wave a of (ii), which may be followed by reverse upwards.




USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen is finishing long horizontal correction 4 of (A). If this assumption is correct, then after completing skewed triangle4, price is expected to make final ascending movement inside wave 5 of (A).



Probably, pair completed (or is completing) skewed triangle4, which may be followed by final ascending wave 5.



Possibly, price finished (or is finishing) descending double zigzag[e] of 4, which may be followed by final ascending wave 5.



 
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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