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