Analysis for April 24th, 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 finishing 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 started final ascending wave c of (v). However, this assumption hasn’t been confirmed, and pair may yet change the ending of correction b 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 expected to start ascending wave v of (v) of [c].
Probably, price finished local descending correction iv of (v), which may be followed by ascending wave v of (v). However, this assumption hasn’t been confirmed, and pair may yet change the ending of correction iv 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 expected to form its descending wave [C] of v of [c].
Possibly, 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.
USD JPY, “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).
Possibly, pair completed skewed triangle 4 of (A) and started forming final ascending wave 5 of (A).
Probably, price is forming 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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