Analysis for April 23rd, 2014
EURUSD, “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].
Possibly, price is finishing final ascending zigzag (v) of [v] of C of (D). Right now, price is expected to start its ascending wave c of (v) of [v] of C of (D).
Probably, pair is starting final ascending wave c of (v).
GBPUSD, “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).
Possibly, pair is finishing final ascending impulse (v) of [c] of D. Right now, price is forming local descending correction iv of (v) of [c].
Probably, price is forming local descending correction iv of (v). Right now, price is expected to start its descending wave [C] of iv of (v).
USDCHF, “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).
Possibly, price is forming final descending zigzag v of (v) of [c] of D. Pair is expected to form its descending wave [C] of v of [c].
Probably, pair finished ascending correction [B] of v in the form of zigzag, which may be followed by descending impulse or diagonal triangle [C] of v.
USDJPY, “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).
Probably, pair completed skewed triangle 4 and started forming final ascending wave 5.
Possibly, price started final ascending wave 5; pair has already finished diagonal triangle [i] of 5. If this assumption is correct, then after completing local descending correction [ii] of 5, pair may continue growing up inside impulse [iii] of 5.
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