Analysis for March 4th, 2014
EUR USD, “Euro vs US Dollar”
Possibly, Euro completed ascending
zigzag(D) of [B]. In this case, right now price is expected to form final descending
zigzag(E) of [B].
Possibly, price finished final ascending wave
[v] of C of (D) and started final descending
zigzag(E).
Probably, pair completed final ascending impulse
(v) of [v] of C and started forming descending
zigzag(E).
GBP USD, “Great Britain Pound vs US Dollar”
Probably, pair has already completed ascending impulse
1 of (C) of [B] and started forming descending correction
2 of (C) of [B], may be in the form of
zigzag. However, we should note that this assumption hasn’t been confirmed and price may yet change structure of wave
1 of (C) of [B].
Possibly, pair has already completed final ascending impulse
[v] of 1. In this case, price is expected to start forming descending correction
2.
Probably, pair completed
diagonal triangle(i) of [a] of 2 of descending correction
2. Right now, price is forming descending impulse
(iii) of [a] of 2.
USD CHF, “US Dollar vs Swiss Franc”
Possibly, Franc completed descending
zigzagD of (4), which may be followed by final ascending
zigzagE of (4).
Possibly, price finished descending impulse
(v) of [c] of D, which may be followed by final ascending wave
E of (4).
Probably, pair completed final descending impulse
v of (v) of [c] of D and started ascending
zigzagE of (4).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen finished ascending impulse
(A). In this case, price is expected to start large descending correction
(B), may be in the form of
zigzag.
Possibly, pair finished
diagonal triangle[i] of A of (B) of horizontal correction
(B). Right now, price is forming descending impulse
[iii] of A of (B).
Probably, price finished ascending correction
[ii], may be in the form of
zigzag. Right now, price is forming
wedge(i) of [iii] of descending impulse
[iii] of A.
RoboForex Analytical Department