Analysis for October 30th, 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 is forming a local ascending correction
[iv] of A of (E) of [B] of a descending impulse
A of (E).
Probably, the price is forming an ascending correction
[iv] of A, which may take the form of a long horizontal pattern. Right now, the market is expected to start an ascending
zigzag(c) of [iv].
Possibly, the pair is forming a horizontal correction
[iv]. The price is about to finish its descending
zigzag(b) of [iv], which may be followed by an ascending
zigzag(c) of [iv].
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming a descending wave
4 of (C) of an ascending
ending triangle(C), which may take the form of
zigzag or more complicated pattern. The pair is completing a descending wave
[a] of 4 in the form of
wedge or an impulse.
Possibly, the price is forming an ascending correction
(iv) of [a] of a descending
wedge [a] of 4, maybe in the form of a long horizontal pattern. The pair is about to complete its descending
zigzagb of (iv), which may be followed by an ascending
zigzag c of (iv).
Probably, the pair is finishing a descending
zigzagb of (iv) of a horizontal correction
(iv) of [a], which may be followed by an ascending
zigzagc 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 local descending correction
(iv) of [a] of E of an ascending impulse
[a] of E, which may take the form of
horizontal triangle.
Probably, the pair is forming a descending correction
(iv) of [a], maybe in the form of
horizontal triangle. Right now, the market is expected to start a descending
zigzagc of (iv).
Possibly, the price is completing an ascending
zigzagb of (iv) of a horizontal correction
(iv) of [a], which may be followed by a descending
zigzagc of (iv).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse
(A). Right now, the price is forming a descending correction
[iv] of 5 of the final ascending impulse
5 of (A).
Possibly, the pair is finishing an ascending
zigzag(b) of [iv] of a horizontal correction
[iv] of 5. Right now, the price is expected to start a descending
zigzag(c) of [iv].
Probably, the price is completing an ascending
zigzag(b) of [iv] of a horizontal correction
[iv], which may be followed by a descending
zigzag(c) of [iv].
RoboForex Analytical Department