Wave Analysis 29.10.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Analysis for October 29^th, 2013

EUR/USD

One of the possible scenarios implies that the pair completed a large horizontal triangle [B] and started a new mid-term ascending trend inside wave [C].



We can’t exclude a possibility that Euro is completing an ascending impulse 1of a new mid-term ascending trend, which may be followed by a descending correction2.



We can’t exclude a possibility that the pair is finishing an ascending impulse 1. In this case, later the pair is expected to start forming a descending correction 2.



We can’t exclude a possibility that the price is finishing an ascending impulse (v) of 1, which may be followed by a reverse downwards inside wave 2.

GBP/USD

One of the possible scenarios implies that the pair started a new mid-term ascending trend inside an impulse (A).



We can’t exclude a possibility that Pound finished an ascending impulse 1 of (A), which may be followed by a descending correction2 of (A).



We can’t exclude a possibility that the pair finished an ascending impulse 1. In this case, later the pair is expected to start forming a descending correction 2.



We can’t exclude a possibility that the price completed an ascending impulse 1. If this assumption is correct, then later the pair may start a descending correction 2.

USD/CHF

One of the possible scenarios implies that the pair completed a large horizontal correction (4) of [C] and started forming the final descending zigzagA-B-C of (5) of [C].



We may assume that Franc finished a descending impulse A of (5). In this case, the pair is expected to startan ascending correction B of (5).



We can’t exclude a possibility that the pair is completing a descending impulse A, which may be followed by an ascending correction B.



We may assume that the pair is finishing a descending impulse A. In this case, later the later the price may start an ascending correction B.

USD/JPY

We may assume that the predicted target of an ascending wedge(A) of [4] is at the level of 107.50. In this case, later the pair is expected to start a large descending correction (B) of [4].



We may assume that the price finished a horizontal correction [iv] of 5 with double zigzag(e) of [iv] of 5. In this case, later the pair is expected to start an ascending wave [v] of 5 in the form of an impulse or diagonal triangle.



We may assume that the price finished the final zigzagy of (e) of [iv], which may be followed by an ascending wave [v] of 5 in the form of an impulse or diagonal triangle.



 
RoboForex Analytical Department