Analysis for September 12th, 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 descending impulse
A of (E); right now, it is expected to start an ascending correction
[iv] of A of (E) of [B].
Probably, the price is finishing a descending impulse
[iii] of A, which may be followed by an ascending correction
[iv] of A.
Possibly, the pair is completing a descending impulse
(v) of [iii] of A, which may be followed by an ascending correction
[iv] of A.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming the final descending wave
E of (B) of a large
skewed triangle(B), which may take the form of
zigzag.
Possibly, the price formed an impulse
[a] of E of a descending
zigzagE of (B) and is starting an ascending correction
[b] of E.
Probably, the pair completed a descending impulse
(v) of [a] and is starting an ascending correction
[b].
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 an ascending impulse
[a] of E; right now, it is expected to start a descending correction
(iv) of [a] of E.
Probably, the pair is finishing an ascending impulse
(iii) of [a], which may be followed by a descending correction
(iv) of [a].
Possibly, the price is completing an ascending impulse
v of (iii) of [a], which may be followed by a descending correction
(iv) of [a].
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).
Probably, the pair completed (or is completing) an ascending impulse
[iii] of 5, which may be followed by a descending correction
[iv] of 5.
Possibly, the price is finishing an ascending impulse
v of (v) of [iii] of 5, which may be followed by a descending correction
[iv] of 5.
RoboForex Analytical Department