Analysis for April 18th, 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). Right now, price is finishing 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 descending correction iv of (v) of [c].
Possibly, price is finishing local descending correction iv of (v). However, this assumption hasn’t been confirmed yet, and pair may have already started forming ascending wave v of (v).
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”
Possibly, 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 and started forming final ascending wave 5.
Probably, price started final ascending wave 5. Right now, pair is forming diagonal triangle [i] of 5.
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