Analysis for April 16th, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro is finishing diagonal triangle [v] of C of (D) of ascending zigzag (D) of [B], which may be followed by final descending zigzag (E) of [B].
Probably, price is forming final ascending zigzag (v) of [v] of C of (D). Pair has already finished ascending impulse a of (v) of [v] of C of (D) and right now is forming descending correction b of (v) of [v] of C of (D).
Possibly, pair is completing local descending correction b of (v) in the form of zigzag, which may be followed by ascending wave c of (v).
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 finishing final ascending impulse (v) of [c] of D. Right now, price is forming ascending wave v of (v) of [c].
It looks like price is starting to form final ascending wave v of (v). However, this assumption hasn’t been confirmed yet, and pair may still be forming correction iv of (v) in the form of long horizontal pattern.
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc is completing diagonal triangle (v) of [c] of D of descending zigzag D of (4), which may be followed by final ascending zigzag E of (4).
Probably, price is forming final descending zigzag v of (v) of [c] of D. Pair is completing local ascending correction [B] of v, which may be followed by descending wave [C] of v.
Possibly, price is finishing ascending correction [B] of v in the form of zigzag, which may be followed by descending impulse or diagonal triangle [C] of v.
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen finished long horizontal correction 4 of (A). In this case, price is expected to start final ascending movement inside wave 5 of (A).
Possibly, pair completed skewed triangle 4, which may be followed by final ascending wave 5.
Probably, price finished descending double zigzag [e] of 4 and started forming final ascending wave 5.
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