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# Wave Analysis 12.09.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

12.09.2012

## Analysis for September 12th, 2012 EUR/USD

We can’t exclude a possibility that at the moment Euro is moving inside a new ascending trend, (double) zigzag [Y].

We may assume that the price is finishing an ascending wedge [i] and we can expect a descending correction [ii].

Euro continues finishing the formation of a possible ascending wedge [i]. Later, we can expect a descending correction [ii].

## GBP/USD

We may assume that Pound is forming an ascending wave [с] of B, which started with wedge (i) of [c] of B.

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

Pound continues finishing the formation of a possible ascending wedge (i). Later, we can expect a descending correction (ii).

## USD/CHF

We can’t exclude a possibility that the price is now forming a final descending wave (5), which may take the form of (double) zigzag.

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

Franc continues finishing the formation of a possible descending wedge [i], Later, 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 within the next several days.

We can’t exclude a possibility a long horizontal correction [4] may be completed with triangle (E) of [4].

It looks like the price is completing wave D of (E) of [4], we can expect a final wave E of (E) of [4] of skewed triangle (E) of [4] and of horizontal triangle [4].

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.