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# Wave Analysis 23.10.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

23.10.2012

## Analysis for October 23rd, 2012 EUR/USD

We may assume that the pair is forming an ascending trend in the form of a large (double) zigzag [Y].

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

It looks like the price is completing an impulse 3 with an ascending diagonal triangle [v] of 3.

## GBP/USD

We may assume that the pair 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.

It looks like 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 inside wave (5) may take the form of (double) zigzag.

We can’t exclude a possibility that the price is forming a descending impulse A of (5), and an impulse [iii] of A of (5) may be completed very soon.

We may assume that the price is finishing an impulse [iii] with 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.

A new chart structure implies that the price is completing a correction [4] with zigzag (E) of [4].

It looks like that the pair is finishing a final zigzag A-B-C of (E) of [4] of a correction [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.