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# Wave Analysis 11.09.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

11.09.2012

## Analysis for September 11th, 2012 EUR/USD

We may assume that the pair has finished a large correction [X] and at the moment the price is moving inside a new ascending trend, (double) zigzag [Y].

We can’t exclude a possibility that the price has finished (or is finishing) an ascending wedge [i] and we can expect a descending correction [ii].

A chart structure implies that Euro is making a final ascending movement to finish an ascending wedge [i] after completing triangle iv of (v) of [i]. We can expect a descending correction [ii].

## GBP/USD

We can’t exclude a possibility that an ascending wave [с] of B started with wedge (i) of [c] of B.

We may assume that the price has finished (or is finishing) an ascending wedge (i) and we can expect a descending correction (ii) of [c].

It looks like Pound is making a final ascending movement to finish an ascending wedge (i) after completing triangle [4] of v of (i). We can expect a descending correction (ii).

## USD/CHF

We may assume that the price has completed double zigzag (4), and is now forming a final descending wave (5).

A chart structure implies that the price has finished (or is finishing) a descending wedge [i]. We can expect an ascending correction [ii].

We may assume that the price is making a final descending movement to finish a descending wedge [i] after completing horizontal triangle iv of (v) of [i]. We can expect an ascending correction [ii].

## USD/JPY

A chart structure implies that the price is going to finish a large and long horizontal correction [4] of V in the nearest future.

We may assume that a long horizontal correction [4] may be completed with horizontal triangle (E) of [4].

It looks like the price has completed (or is completing) wave D of (E) of [4], we can expect a final wave E of (E) of [4] of triangle (E) of [4] and of triangle [4]. If the assumption is correct, then it’s quite logical to expect the price to fall down and form a descending wave [5].

Attention!

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