Wave Analysis 26.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

26 November, 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 then start an ascending correction B of (E).

Possibly, the price is finishing impulse [v] of A and the whole descending impulse A, which may be followed by an ascending correction B.

Probably, the pair is finishing the final impulse (v) of [v] of A and the whole descending impulse [v] of A. Right now, Euro is expected to start the final descending movement inside wave v of (v).

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.

Probably, the price is completing impulse (v) of [a] and the whole descending wedge [a], which may be followed by an ascending correction [b].

Possibly, the pair is finishing the final descending impulse (v) of [a]. Right now, Pound is expected to start the final descending movement inside wave v of (v).

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.

Possibly, the pair is completing ending wedge (v) of [a] and the whole ascending impulse [a], which may be followed by a descending correction [b].

Probably, the price is forming the final ascending impulse v of (v) of [a] of ending wedge (v) of [a]. Right now, Franc is expected to start the final ascending movement inside wave [5] of v.

USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen is completing 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.

Probably, 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.

Possibly, the price is completing an ascending impulse (v) of [v] of 5 of A. Right now, Yen is expected to start the final ascending movement inside wave v of (v).

RoboForex Analytical Department


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