Forecast for September, 2014
EUR USD, “Euro vs US Dollar”
Probably, Euro is still forming a large ascending
zigzag[A]-[B]-[C] of V of (a) and is about to finish its descending correction
[B] of V in the form of
horizontal running triangle – right now the pair is completing the final descending wave
(E) of [B].
One of the possible scenarios implies that Euro completed an ascending
zigzag(D) of [B] of
triangle[B]. If this assumption is correct, then right now the price is forming the final descending wave
(E) of [B], the form of which isn’t quite clear yet.
The price is forming the final descending wave
(E) of [B], which may take the form of
double zigzag,
flat or a long horizontal pattern. By now, the pair has almost completed a descending
zigzagA of (E). In this case, after a deep ascending correction
B of (E), the downtrend may continue inside wave
C of (E). The depth, size, and structure of this correction may help us to predict how the pair will move in the future.
At the same time, an alternative scenario implies that wave
A of (E) may be transformed into a descending impulse. If this assumption is confirmed, then a descending wave
(E) will most likely take the form of a large single
zigzagA-B-C of (E).
GBP USD, “Great Britain Pound vs US Dollar”
Probably, descending “leg”
[A] of b of a large
zigzagb was completed, and at the moment the pair is forming a large ascending correction
[B] of b, which may also take the form of
zigzag. Right now, the price is completing a descending correction
(B) of [B] in the form of a possible
skewed triangle.
Probably, an ascending correction
[B] is taking the form of
zigzag with
skewed triangle (B) of [B] being completed inside it. If this assumption is correct, then the pair finished an ascending
zigzagD of (B) and started the final descending wave
E of (B), which may take the form of
(double) zigzag.
Probably, the pair is forming the final descending
zigzagE of (B). The price has almost completed an impulse
[a] of (E), which may be followed by an ascending correction
[b] of E.
USD CHF, “US Dollar vs Swiss Franc”
Probably, Swiss Franc is finishing global descending trend in the form of
triangle(a). Right now, the pair is completing its
zigzag[A]-[B]-[C] of V of (a) with
ending diagonal triangle [C] of V of (a) as its second “leg”. It may be confirmed by the fact that internal wave structure of this
diagonal triangle looks completely formed.
Probably, right now the price is completing an ascending correction
(4) of [C] in the form of
skewed triangle, which may be followed by the final descending movement inside
zigzag(5) of [C]. The pair is forming the final ascending wave
E of (4), the form of which isn’t quite clear yet.
The pair is forming the final ascending wave
E of (4), which may take the form of
double zigzag,
flat or a long horizontal pattern. In this case, after a deep descending correction
[b] of E of (4), the price may form an ascending wave
[c] of E of (4). The depth, size, and structure of this correction may help us to predict how the pair will move in the future.
At the same time, an alternative scenario implies that wave
[a] of E may be transformed into an ascending impulse or
wedge. If this assumption is confirmed, then an ascending wave
E may take the form of a large single
zigzag[a]-[b]-[c] of E.
USD JPY, “US Dollar vs Japanese Yen”
One of the possible scenarios implies that the pair is forming the final
diagonal triangleV of (a) of a global descending impulse
(a). Right now, the price is forming its ascending correction
[4] of V of (a), may be in the form of
zigzag. Yen is finishing an ascending impulse
(A) of [4], which may be followed by a descending correction
(B) of [4].
Probably, an ascending correction
[4] may take the form of
zigzag; right now, the price is completing its first “leg”
(A) of [4] in the form of impulse. If this assumption is correct, then after finishing an ascending impulse
(A) of [4], the pair may form a descending correction
(B) of [4].
Possibly, a horizontal correction
4 of (A) of an ascending impulse
(A) is being completed in the form of
skewed triangle. Right now, the price is finishing an ascending
zigzag[d] of 4. If this assumption is correct, then later pair is expected to form the final descending zigzag
[e] of 4 of (A) and complete the whole correction
4 of (A).
RoboForex Analytical Department