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

November 26, 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

Publication source
RoboForex information  RoboForex reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

Grand Capital Rating
OctaFX Rating
Orbex Rating
Fort Financial Services Rating
Tickmill Rating
Vantage FX Rating

Porter Finance Rating
Binary.com Rating
OptionBit Rating
EZTrader Rating
OptionRally Rating
Binary Brokerz Rating