Wave Analysis 11.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)
11.11.2014
Analysis for November 11th, 2014
EUR USD, “Euro vs US Dollar”
One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of a large zigzag. The pair is expected to start an ascending correction B of (E).
Probably, the price has finished a descending impulse A with diagonal triangle [v] of A, which may be followed by an ascending correction B.
Possibly, the pair has completed diagonal triangle [v] of A and started an ascending correction B, the form of this isn’t quite clear yet. However, this assumption hasn’t been confirmed and the price may yet change the ending of wave A.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming a descending wave 4 of (C) of a large ascending ending diagonal triangle(C), which may take the form of zigzag or more complicated pattern. The pair has completed a descending diagonal triangle[a] of 4, which may be followed by an ascending correction [b] of 4.
Possibly, the price has completed a descending diagonal triangle [a] of 4, which may be followed by an ascending correction [b] of 4.
Probably, the pair has finished the final descending zigzag(v) of [a] of diagonal triangle[a]. Right now, the price is starting an ascending correction [b], the form of this isn’t quite clear yet. However, this assumption hasn’t been confirmed and the price may yet change the ending of wave [a].
USD CHF, “US Dollar vs Swiss Franc”
One of the possible scenarios implies that Franc is forming the final ascending wave E, which may take the form of a large zigzag. The price has finished an ascending impulse [a] of E, which may be followed by a descending correction [b] of E.
Probably, the pair has completed an ascending impulse [a] with diagonal triangle (v) of [a]. At the moment, the price is expected to start a descending correction [b].
Possibly, the price has finished the final ascending zigzagv of (v) of diagonal triangle (v) of [a]. Right now, the pair is starting a descending correction [b], the form of this isn’t quite clear yet. However, this assumption hasn’t been confirmed and the price may yet change the ending of wave [a].
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse (A). Right now, the price is forming the final ascending wave [v] of 5 of the final ascending impulse 5 of (A).
Possibly, the pair has finished an ascending impulse (iii) of [v] of 5 and started a horizontal correction (iv) of [v] of 5.
Probably, the price has completed an ascending impulse (iii) of [v] and started a horizontal correction (iv) of [v], maybe in the form of flat or triangle.
RoboForex Analytical Department
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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.