Analysis for December 28th, 2012
EUR/USD
It’s the end of the year and Euro is still forming an ascending trend in the form of a large
(double) zigzag [Y].
We can’t exclude a possibility that the price is completing an ascending impulse
1 of (A) of [Y].
The pair is finishing an ascending impulse
1 of (A), after which we can expect a descending correction
2 of (A).
GBP/USD
We can’t exclude a possibility that Pound is forming an ascending trend in the form of a possible impulse
[с] of B.
We can’t exclude a possibility that the price completed an ascending impulse
(i) of [c] of B and right now is forming a local descending correction
(ii) of [c].
We can’t exclude a possibility that the pair is forming a local descending correction
(ii) of [c], which may take the form of
zigzag.
USD/CHF
Franc is forming a descending trend inside wave
(5), which may take the form of
(double) zigzag.
We can’t exclude a possibility that the price is completing a descending impulse
[i] of А of (5).
The pair is finishing a descending impulse
(v) of [i] of A, after which we can expect an ascending correction
[ii] of A.
USD/JPY
We can’t exclude a possibility that the price is completing a long horizontal correction
[4] of V, after which we can expect a descending wave
[5] of V.
We can’t exclude a possibility that the pair is finishing
zigzag(Z) of [4] and a large correction
[4].
The price is finishing an ascending impulse
C of (Z) of [4] of V, after which we can expect the pair to start forming a descending wave
[5].
RoboForex Analytical Department