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# Wave Analysis 05.10.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

05.10.2012

## Analysis for October 5th, 2012 EUR/USD

We may assume that a new ascending trend is being formed as a possible (double) zigzag [Y]. However, one should take into consideration the fact that the structure of this wave may yet be changed.

We can’t exclude a possibility that an ascending wave (A) of [Y] is taking the form of impulse.

It looks like Euro is forming a descending correction [iv] of 3. Later we can expect an ascending trend to continue.

## GBP/USD

We may assume that the price is currently forming a new ascending trend as a possible impulse [с] of B. However, one should take into consideration the fact that the structure of this wave may yet be changed.

We can’t exclude a possibility that an ascending wave [c] of B is taking the form of impulse.

It looks like a local correction iv of (iii) of [c] is taking place. However, later we can expect an ascending trend to continue.

## USD/CHF

We may assume that Franc is forming a new descending trend as a possible (double) zigzag (5). However, one should note that the structure of the pattern may yet be changed. The price may continue falling down, unless Swiss National Bank interferes.

We can’t exclude a possibility that a descending wave A of (5) is taking the form of impulse.

It looks like a local correction (iv) of [iii] of A is taking place. Later we can expect a descending trend to continue.

## USD/JPY

After the price finishes a large, long horizontal correction [4] of V, It’s quite logical to expect the pair to continue falling down and form a final wave [5] of V.

We can’t exclude a possibility that the price is completing a long horizontal correction [4] with skewed triangle (E) of [4].

We may assume that the pair is finishing the formation of the second “leg” [c] of E of (E) of [4] of a final zigzag E of (E) of [4].

RoboForex Analytical Department

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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.