Analysis for April 10th, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro finished ascending zigzag (D) of [B] and right now is forming final descending zigzag (E) of [B].
Probably, price finished (or is finishing) local ascending correction [ii] of A of (E), after which Euro may continue falling down.
Possibly, pair completed (or is completing) ascending correction [ii] of A or its first wave (a) of [ii], which may be followed by reverse downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is completing final wedge [c] of D of ascending zigzag D of (B) with extension in its first wave (i) of [c]. After completing zigzag D of (B), price is expected to start final descending zigzag E of (B).
Probably, pair is forming final ascending wave (v) of [c] of D. right now, price is expected to form descending correction iv of (v) of [c].
Possibly, price completed ascending impulse iii of (v), which may be followed by descending correction iv of (v).
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc completed descending zigzag D of (4) and right now is forming final ascending zigzag E of (4).
Probably, price finished impulse (i) of [a] of E of final ascending zigzag E of 4. Pair finished (or is finishing) local descending correction (ii) of [a] of E, after which instrument may continue moving upwards.
Possibly, price completed (or is completing) descending correction (ii) of [a] or its first wave a of (ii), which may be followed by reverse upwards.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is finishing long horizontal correction 4 of (A). If this assumption is correct, then after completing skewed triangle 4, price is expected to make final ascending movement inside wave 5 of (A).
Possibly, pair completed (or is completing) skewed triangle 4, which may be followed by final ascending wave 5.
Probably, price finished (or is finishing) descending double zigzag [e] of 4, which may be followed by final ascending wave 5.
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