Analysis for April 9th, 2013
EUR/USD
We may assume that a descending correction (2) of [C] is taking the form of zigzag; right now Euro is forming a local ascending correction B of (2).
We can’t exclude a possibility that the price is forming an ascending of horizontal structure, which may the second part of a large zigzag (2), wave B of (2).
We can’t exclude a possibility that a possible correction B may take the form of flat, double three, or zigzag.
GBP/USD
We can’t exclude a possibility that Pound is forming an ascending wave E of (4), which may take the form of zigzag.
The pair is forming an ascending wave E, which may take the form of double zigzag.
We can’t exclude a possibility that the pair finished an ascending zigzag [w] of E. In this case, later the price is expected to start a local descending correction [x] of E.
USD/CHF
We can’t exclude a possibility that after completing an ascending correction B of (5), Franc may continue falling down inside a final wave C of (5).
We may assume that the pair is forming a local descending correction [b] of B, which may take the form of zigzag.
We may assume that the price is finishing the first part of a possible zigzag [b], wave (a) of [b].
USD/JPY
If our assumption that the pair is completing an ascending wedge (A) of [4] is correct, then later the price may start forming a descending correction (B) of [4].
The pair is finishing an ascending impulse 5 of (A), which may be followed by a medium-term descending trend inside a correction (B).
The price is finishing an impulse [v] of 5 of (A). If the pair doesn’t expand it, then later we can a reverse downwards.
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