English Language:
Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave Analysis 22.10.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

# Wave Analysis 22.10.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

22.10.2012

## Analysis for October 22nd, 2012 EUR/USD

The chart structure implies that Euro is forming an ascending trend in the form of a possible (double) zigzag [Y].

We may assume that a large ascending wave (A) of [Y] is taking the form of an impulse. And right now the price is completing an impulse 3 of (A).

One of the possible scenarios implies that the price is completing an impulse 3 with an ascending diagonal triangle [v] of 3.

## GBP/USD

We can’t exclude a possibility that the price is forming an ascending trend in the form of a possible impulse [с] of B.

If our assumption about an ascending impulse [c] of B is correct, then an impulse (iii) of [c] of B may be considered almost completed.

One of the possible scenarios implies that a descending correction (iv) of [c] is taking the form of triple zigzag and may be finished very soon.

## USD/CHF

We may assume that a descending trend is taking the form of (double) zigzag (5).

If our assumption about a descending impulse A of (5) is correct, then an impulse [iii] of A of (5) may be completed very soon.

One of the possible scenarios implies that the price is finishing an impulse [iii] a descending diagonal triangle (v) of [iii].

## USD/JPY

We may assume that the price is completing a large horizontal correction [4] of V. if this assumption is correct, later we can expect the pair to continue falling down and form a final wave [5] of V.

We may assume that the price is completing a correction [4] with triple three E of (E) of [4].

It looks like that the pair is finishing a horizontal correction E of (E) of [4] in the form of triple three.

RoboForex Analytical Department

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.