Wave Analysis 25.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)
25.11.2014
Analysis for November 25th, 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. At the moment, the pair is expected to finish a descending impulse A of (E) and start an ascending correction B of (E).
Probably, the price is finishing impulse [v] of A of a descending impulse A, which may be followed by an ascending correction B.
Possibly, the pair is finishing the final impulse (v) of [v] of A of a descending impulse [v] of A.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming a descending correction 4 of (C) of a large ascending ending diagonal triangle(C), which may take the form of zigzag or more complicated pattern. The pair is completing a descending leading wedge[a] of 4, which may be followed by an ascending correction [b] of 4.
Possibly, the price is completing impulse (v) of [a] of a descending wedge [a] of 4, which may be followed by an ascending correction [b].
Probably, the pair is finishing the final descending impulse (v) of [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 is finishing an ascending impulse [a] of E, which may be followed by a descending correction [b] of E.
Probably, the pair is completing ending wedge (v) of [a] of an ascending impulse [a], which may be followed by a descending correction [b].
Possibly, the price is forming the final ascending impulse v of (v) of [a] of ending wedge(v) of [a].
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse (A). If this assumption is correct, then later the price is expected to start a large descending correction (B), maybe in the form of zigzag.
Possibly, the pair is finishing an ascending impulse [v] of 5 of (A), which may be followed by a descending correction (B), the form of which isn’t quite clear yet.
Probably, the price is completing an ascending impulse (v) of [v] of 5 of A, which may be followed by a large descending correction (B).
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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.