Wave Analysis 28.09.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for September 28^th, 2012

EUR/USD

We may assume that that a new ascending trend is being formed as a possible (double) zigzag [Y].



An ascending wave (A) of [Y] may take the form of impulse.



We can’t exclude a possibility that a local descending correction [iv] of 3 has been completed and right now Euro is forming an ascending wave [v] of 3. However, this assumption has yet to be confirmed.

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GBP/USD

We may assume that a new ascending trend is being formed as a possible impulse [с] of B.



An ascending wave [c] of B may take the form of impulse.



We can’t exclude a possibility that a local descending correction iv of (iii) of [c] has been completed and right now Pound is forming an ascending wave v of (iii) of [c]. However, this assumption has yet to be confirmed.

USD/CHF

We may assume that a descending wave (5) may take the form of zigzag. In this case the price may continue falling down, unless Swiss National Bank interferes.



A descending wave A of (5) may take the form of impulse.



We can’t exclude a possibility that a local ascending correction (iv) of [iii] of A has been completed and right now Franc is forming a descending wave (v) of [iii]. However, this assumption has yet to be confirmed.

USD/JPY

The chart structure implies that the price is completing a large, long horizontal correction [4] of V. Later, it’s quite logical to expect the pair to continue falling down and form a final wave [5] of V.



We may assume that the price is finishing a long horizontal correction [4] with a possible skewed triangle (E) of [4].



We can’t exclude a possibility that the pair is about to complete the formation of a final wave E of (E) of [4] of skewed triangle (E) of [4] and of horizontal triangle [4].