Forecast for December, 2013 can be found here.
Probably, new mid-term ascending trend inside wave [C] started with diagonal triangle (1) of [C], which is about to be completed.
Analysis for December 3rd, 2013
Possibly, descending correction 4 of (1) may be taking the form of zigzag, after which Euro may start forming final ascending wave 5 of (1).
Probably, price started forming descending wave [c] of 4, which may complete the whole descending correction 4.
GBP/USDPossibly, Pound is forming mid-term ascending trend inside large impulse (C). Right now, pair is finishing ascending impulse 1 of (C).
Probably, descending correction [iv] of 1 is taking the form of extended flat; If this assumption is correct, then pair is expected to form its final descending wave (c) of [iv] of 1.
Probably, price started forming descending wave (c) of [iv] in the form of impulse or diagonal triangle.
USD/CHFProbably, Franc is forming large descending zigzag A-B-C of (5) of [C]. Right now pair is finishing its first part, descending diagonal triangle A of (5).
Probably, Franc is forming ascending zigzag [iv] of A. If this assumption is correct, then price is expected to continue rising and forming final wave (c) of [iv] of A.
Probably, price started ascending wave (c) of [iv] in the form of impulse or diagonal triangle.
USD/JPYPossibly, Yen is completing large ascending impulse (A). If this assumption is confirmed, then later pair is expected to start large descending correction (B).
Probably, pair is forming final ascending impulse 5 of (A). If this assumption is correct, then right now price is expected to start descending correction [iv] of 5.
Possibly, price has almost finished ascending impulse [iii] of 5, which may be followed by local descending correction [iv] of 5.
RoboForex Analytical Department