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# Wave Analysis 12.10.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

12.10.2012

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

We may assume that Euro is forming an ascending wave [Y] in the form of a possible (double) zigzag, and right now a local descending correction 4 of (A) of [Y] is taking place.

It looks like an ascending wave (A) of [Y] is taking the form of impulse.

The chart structure implies that right now a descending correction is taking place and it may be either wave [iv] or wave 4.

## GBP/USD

We may assume that Pound 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.

The chart structure implies that at the moment a descending correction (iv) of [c] is taking place and it may take the form of zigzag.

## USD/CHF

We can’t exclude a possibility that Franc is forming a new descending trend as a possible (double) zigzag (5). The price is expected to continue falling down, unless Swiss National Bank interferes.

We may assume that a descending wave A of (5) is taking the form of impulse.

We can’t exclude a possibility that at the moment an ascending correction is taking place and it may be either wave (iv) or wave [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 the price is completing a long horizontal correction [4] with skewed triangle (E) of [4].

Yesterday’s assumption about a wide wave [c] of E of (E) of [4] hasn’t been confirmed yet. In this case we can’t exclude a possibility that a large correction [4] may be completed with a small triangle 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.