Analysis for August 21st, 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 flat or some double pattern. Right now, the pair is expected to start an ascending correction B of (E) of [B].

EURUSD

Possibly, the price finished (or is finishing right now) a descending zigzag A of (E), which may be followed by an ascending zigzag B of (E).

EURUSD

Probably, the pair completed a descending impulse [c] of A and the whole zigzag A. In this case, the price is expected to start forming an ascending zigzag B.

EURUSD


GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound completed the final wedge [c] of D of an ascending zigzag D of (B) of a large skewed triangle (B). Right now, the pair is forming the final descending wave E of (B), which may take the form of (double) zigzag.

GBPUSD

Probably, the price is forming an impulse [a] of E of the final descending wave E of (B), which may be followed by an ascending zigzag [b] of E.

GBPUSD

Possibly, the pair completed (or is completing right now) a descending impulse (c) of [a], which may be followed by an ascending zigzag [b].

GBPUSD


USD CHF, “US Dollar vs Swiss Franc”

One of the possible scenarios implies that Franc is forming the final ascending wave E of (4), which may take the form of double zigzag or flat. Right now, the price is finishing an ascending zigzag [a] of E of (4).

USDCHF

Possibly, the pair finished (or is finishing right now) an ascending zigzag [a], which may be followed by a descending zigzag [b].

USDCHF

Probably, the pair completed an ascending impulse (c) of [a] and the whole zigzag [a], which may be followed by a descending zigzag [b].

USDCHF


USD JPY, “US Dollar vs Japanese Yen”

Probably, right now Yen is finishing an ascending zigzag [d] of 4 of (A) of a long horizontal correction 4 of (A). In this case, later the price is expected to start the final ascending movement inside wave 5 of (A).

USDJPY

Possibly, right now the pair is completing an ascending zigzag [d] of 4, which may be followed by the final descending zigzag [e] of 4.

USDJPY

Probably, the price is finishing the final ascending impulse (c) of [d] of zigzag [d]. If this assumption is correct, the trend is expected to reverse downwards inside zigzag [e] of 4.

USDJPY

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