Analysis for December 21st, 2012
EUR/USD
We may assume that Euro continues forming an ascending trend in the form of
(double) zigzag [Y].
The price is completing an ascending impulse
1 of (A) of [Y].
We may assume that the pair 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 is forming an ascending trend in the form of a possible impulse
[с] of B.
We may assume that the price is completing an ascending impulse
(i) of [c] of B.
We may assume that the pair is finishing an ascending impulse
[5] of (i) of [c]. If the assumption is correct, after that we can expect a descending correction
(ii) of [c].
USD/CHF
We may assume that Franc is forming a descending trend inside wave
(5), which may take the form of
(double) zigzag.
We may assume that the price is completing a descending impulse
[i] of А of (5).
We may assume that the pair is finishing a descending impulse
(v) of [i] of A. If the assumption is correct, after that we can expect an ascending correction
[ii] of A.
USD/JPY
The price is completing a long horizontal correction
[4] of V, after which we can expect a descending wave
[5] of V.
We may assume that the pair is finishing
zigzag(E) of [4] and a large correction
[4].
We may assume that the price is finishing 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