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

Analysis for October 22^nd, 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