Wave Analysis 28.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

November 28, 2014

Analysis for November 28th, 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 finished a descending impulse [v] of A and started forming an ascending correction B, the form of which isn’t quite clear yet. However, the pair hasn’t been able to stay above the confirming level so far and may yet change the ending of wave A.

Probably, the pair has started forming an ascending correction B. If this assumption is correct, then after a descending correction (ii) of [a] of B, the uptrend may continue inside impulse (iii) of [a] of B.

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 ending wedge (v) of [a] of a descending leading 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 making 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 has completed a descending impulse (v) of [a] and started forming a descending correction[b], the form of which isn’t quite clear yet. However, the price hasn’t been able to stay below the confirming level so far and may yet change the ending of wave [a].

Probably, the price has started forming a descending correction [b]. If this assumption is correct, then after an ascending correction ii of (a) of [b], the downtrend may continue inside impulse iii of (a) of [b].

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 diagonal triangle (v) of [v] and the whole 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 diagonal triangle (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

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

OANDA Rating
Vantage FX Rating
Fort Financial Services Rating
Grand Capital Rating
 FXTM Rating
FXCM Rating

Empire Option Rating
Binary Brokerz Rating
TopOption Rating
24option Rating
OptionFair Rating
Banc De Binary Rating