Analysis for October 15th, 2014
EUR USD, “Euro vs US Dollar”
One of the possible scenarios implies that Euro is forming the final descending wave
(E) of [B], which may take the form of a large
zigzag. The pair is completing a local ascending correction
[iv] of A of (E) of [B] of a descending impulse
A of (E).
Probably, the price is finishing an ascending correction
[iv] of A in the form of a long horizontal pattern.
Possibly, the pair is completing an ascending correction
[iv]. At the moment, the price is expected to start its final
zigzag(e) of [iv].
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming a descending wave
4 of (C) of
ending triangle(C), which may take the form of
zigzag or more complicated pattern. The pair is completing wave
[a] of 4 in the form of
wedge.
Possibly, the price is forming an ascending correction
(iv) of [a], maybe in the form of
flat or some double pattern. Right now, the pair is expected to form an ascending wave
c of (iv).
Probably, the pair is finishing an ascending correction
(iv) of [a]. At the moment, the market is expected to start an ascending wave
c of (iv).
USD CHF, “US Dollar vs Swiss Franc”
One of the possible scenarios implies that Franc is forming the final ascending wave
E, which may take the form of a large
zigzag. The price is finishing a local descending correction
(iv) of [a] of E of an ascending impulse
[a] of E, which may take the form of
horizontal triangle.
Probably, the pair is completing a descending correction
(iv) of [a], maybe in the form of
horizontal triangle.
Possibly, the price is finish a descending correction
(iv). At the moment, the market is expected to start a descending
zigzage of (iv).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse
(A). Right now, the price is forming its final ascending impulse
5 of (A).
Possibly, the pair is forming a descending correction
[iv] of 5, which may take the form of
zigzag.
Probably, the price is completing a descending
zigzag[iv] of 5, which may be followed by an ascending wave
[v] of 5.
RoboForex Analytical Department