Analysis for February 25th, 2013
EUR/USD
We may assume that a descending correction (2) of [C] or its first wave A of (2) of [C] is taking the form of zigzag.
We can’t exclude a possibility that the price is forming a descending zigzag, which may be either the whole correction (2) or just its first wave A of (2).
We can’t exclude a possibility that the pair finished (or is finishing) the first wave A of (2) of a descending zigzag (2).
GBP/USD
We may assume Pound is about to finish a large descending correction [b] of B.
We may assume that the price is finishing the first part [A] of v of (c) of [b] of B of a final zigzag v of (c) of [b] of B of a correction [b].
We may assume that the pair is completing a descending impulse [A] of v. If the assumption is correct, after that the pair is expected to start a local ascending correction [B] of v.
USD/CHF
Franc is forming a local ascending correction B of (5), which may be followed by a descending wave C of (5).
We may assume that right now the price is forming an ascending zigzag, which may be either the whole correction B of (5) or just its first wave [a] of B of (5).
We can’t exclude a possibility that the pair finished the first wave [a] of B of an ascending correction B, which may be followed by a local descending correction [b] of B.
USD/JPY
We may assume that the price is about to finish an ascending zigzag (Z) of [4]. If the assumption is correct, after that the pair is expected to make a reverse and start moving downwards inside wave [5] of V.
We may assume that the pair is completing an ascending zigzag (Z) of [4] and a large correction [4].
We may assume that the pair is finishing an ascending impulse C of (Z) of [4], which lacks a final ascending wave (v) of [v] of C in order to be completed.
