Analysis for January 18th, 2013


EUR/USD

The current chart structure implies that Euro is now finishing an ascending impulse (1) of [C]. If this assumption is correct, then later the price may start forming a descending correction (2).

EURUSD

We may assume that the price almost completed an ascending impulse (1) of [C] and is about to start forming a descending correction (2).

EURUSD

We can’t exclude a possibility that the price is forming final waves of an ascending impulse (1).

EURUSD


GBP/USD

Pound continues forming a descending correction (ii) of [c] of B.

GBPUSD

A local descending correction (ii) of [c], which is taking place right now, may take the form of flat.

GBPUSD

We may assume that the pair is forming a descending wave a of (ii), which is taking the form of zigzag.

GBPUSD


USD/CHF

We may assume that Franc completed a descending impulse A of (5) and started forming an ascending correction B of (5).

USDCHF

We may assume that the price is forming an ascending correction B.

USDCHF

We may assume that the first wave [a] of B of an ascending correction B may take the form of zigzag.

USDCHF


USD/JPY

We may assume that the price almost finished a long horizontal correction [4] of V, which may be followed by a descending wave [5] of V.

USDJPY

We may assume that the pair almost completed zigzag (Z) of [4] and a large correction [4]. If this assumption is correct, then later we can expect the price to make a reverse downwards.

USDJPY

We can’t exclude a possibility that the pair is finishing an ascending impulse C of (Z). If this assumption is correct, then later we can expect the price to make a reverse downwards.

USDJPY