Wave Analysis 28.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

28.08.2014

Analysis for August 28th, 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, flat or some double pattern. Right now, the pair is expected to start an ascending correction B of (E) of [B].



Probably, the price finished a descending impulse [c] of A and the whole zigzagA, which may be followed by an ascending zigzagB.



Possibly, the pair completed a descending impulse (v) of [c] of A and the whole zigzagA, and is starting an ascending zigzag B.




GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound completed the final wedge[c] of D of an ascending zigzagD of (B) of a large skewed triangle(B). Right now, the pair is forming the final descending wave E of (B), which may take the form of (double) zigzag.



Possibly, the price is forming an impulse [a] of E of the final descending wave E of (B), which may be followed by an ascending zigzag[b] of E.



Probably, the pair completed a descending impulse v of (c) of [a] and is starting an ascending zigzag[b].




USD CHF, “US Dollar vs Swiss Franc”

One of the possible scenarios implies that Franc is forming the final ascending wave E of (4), which may take the form of a large zigzag, flat, or some double pattern. Right now, the price is expected to start a descending correction [b] of E of (4).



Probably, the pair finished an ascending impulse (c) of [a] and the whole zigzag[a], which may be followed by a descending zigzag[b].



Possibly, the pair completed an ascending impulse v of (c) of [a] and the whole zigzag[a], and is starting a descending zigzag[b].




USD JPY, “US Dollar vs Japanese Yen”

Probably, right now Yen is expected to start forming a descending zigzag[e] of 4 of (A) of a long horizontal correction 4 of (A). In this case, later the price is expected to make the final ascending movement inside wave 5 of (A).



Probably, the pair is completing an ascending zigzag[d] of 4, which may be followed by the final descending zigzag [e] of 4.



Possibly, the price is finishing an ascending impulse (c) of [d] of and the whole zigzag[d]. If this assumption is correct, then after completing zigzag[d] of 4, the pair is expected to start the final descending zigzag[e] of 4.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.