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# Wave Analysis 08.10.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

08.10.2012

## Analysis for October 8th, 2012 EUR/USD

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

It looks like an ascending wave (A) of [Y] is taking the form of impulse, but its structure may yet be changed.

We can’t exclude a possibility that impulse 3 has been completed, unless Euro starts forming an extension inside wave [v] of 3. In this case it’s quite logical to expect a descending correction 4.

## GBP/USD

The price is forming a new ascending trend as a possible impulse [с] of B.

It looks like an ascending wave [c] of B is taking the form of impulse, but its structure may yet be changed.

We can’t exclude a possibility that an ascending impulse (iii) of [c] has been finished, unless Pound starts forming an extension inside wave v of (iii). In this case it’s quite logical to expect a descending correction (iv) of [c].

## USD/CHF

We may assume that Franc is forming a new descending trend as a possible (double) zigzag (5). The price may continue falling down, unless Swiss National Bank interferes.

It looks like a descending wave A of (5) is taking the form of impulse, but structure may yet be changed.

We can’t exclude a possibility that a descending impulse [iii] has been completed, unless Franc starts forming an extension inside wave (v) of [iii]. In this case it’s quite logical to expect an ascending correction [iv].

## USD/JPY

We may assume that the price is finishing a large, long horizontal correction [4] of V. After that 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.