Wave Analysis 29.10.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for October 29^th, 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 forming a local ascending correction [iv] of A of (E) of [B] of a descending impulse A of (E).



Possibly, the price is forming an ascending correction [iv] of A, which may take the form of a long horizontal pattern. Right now, the market is forming an ascending zigzag(c) of [iv].



Probably, the pair is forming a horizontal correction [iv]. The price is about to finish a local descending correction b of (c) of an ascending zigzag(c) of [iv], which may be followed by an ascending wave c of (c).

GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound is forming a descending wave 4 of (C) of an ascending ending triangle(C), which may take the form of zigzag or more complicated pattern. The pair is completing a descending wave [a] of 4 in the form of wedge or an impulse.



Probably, the price is forming an ascending correction (iv) of [a] of a descending wedge [a] of 4, maybe in the form of a long horizontal pattern. The pair has already completed its ascending wave a of (iv), which may be followed by a descending zigzagb of (iv).



Possibly, the pair is forming a descending zigzagb of (iv) of a horizontal correction (iv) of [a].

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 forming a local descending correction (iv) of [a] of E of an ascending impulse [a] of E, which may take the form of horizontal triangle.



Possibly, the pair is forming a descending correction (iv) of [a], maybe in the form of horizontal triangle. Right now, the market is forming its descending zigzagc of (iv).



Probably, the price is forming a descending zigzagc of (iv) of a horizontal correction (iv). The price is completing a local ascending correction [B] of c, which may be followed by a descending wave [C] of c.

USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen is about to complete a large ascending impulse (A). Right now, the price is forming a descending correction [iv] of 5 of the final ascending impulse 5 of (A).



Probably, the pair has already finished a descending zigzag(a) of [iv] of a horizontal correction [iv] of 5. Right now, the price is completing an ascending zigzag(b) of [iv].



Possibly, the price is forming an ascending zigzag(b) of [iv] of a horizontal correction [iv] of 5. Right now, the market is finishing its final ascending impulse c of (b).



 
RoboForex Analytical Department