Wave Analysis 10.10.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

10.10.2014

Analysis for October 10th, 2014

EUR USD, “Euro vs US Dollar”

One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of a large zigzag. The pair has started forming a local ascending correction [iv] of A of (E) of [B] of a descending impulse A of (E).



Possibly, the price is forming an ascending correction [iv] of A, which may take the form of a long horizontal correction. Right now, the pair is forming a descending zigzag (b) of [iv].



Probably, the pair is forming an ascending zigzag(a) of [iv]. At the moment, the price is expected to start a descending wave c of (b) of [iv].




GBP USD, “Great Britain Pound vs US Dollar”

Probably, Pound is forming a descending wave 4 of (C) of ending triangle(C), which may take the form of zigzag or more complicated pattern. The pair is completing wave [a] of 4 in the form of wedge.



Probably, the price is forming an ascending correction (iv) of [a], maybe in the form of horizontal triangle. Right now, the pair is forming a descending zigzag b of (iv).



Possibly, the pair is forming a descending zigzagb of (iv). At the moment, the market is expected to start a descending wave [C] of b of (iv).




USD CHF, “US Dollar vs Swiss Franc”

One of the possible scenarios implies that Franc is forming the final ascending wave E, which may take the form of a large zigzag. The price is forming a descending correction (iv) of [a] of E of an ascending impulse [a] of E, which may take the form of horizontal triangle.



Possibly, the pair has started a descending correction (iv) of [a], maybe in the form of horizontal triangle. Right now, the price is forming an ascending zigzag b of (iv).



Probably, the price is forming an ascending zigzagb of (iv). At the moment, the market is expected to start an ascending wave [C] of b of (iv).




USD JPY, “US Dollar vs Japanese Yen”

Probably, Yen is about to finish a large ascending impulse (A). Right now, the price is forming its final ascending impulse 5 of (A).



Probably, the pair is forming a descending correction [iv] of 5, which may take the form of a long horizontal correction.



Possibly, the price is completing a descending zigzag(a) of [iv], which may be followed by an ascending zigzag(b) of [iv].



 
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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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