Analysis for September 2nd, 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, flat or some double pattern. Right now, the pair is expected to start an ascending correction B of (E) of [B].
Probably, the price is finishing a descending impulse [c] of A and the whole zigzag A, which may be followed by an ascending zigzag B.
Possibly, the pair is completing a descending impulse (v) of [c] of A and the whole zigzag A, which may be followed by an ascending zigzag B.
GBP USD, “Great Britain Pound vs US Dollar”
Probably, Pound completed the final wedge [c] of D of an ascending zigzag D of (B) of a large skewed triangle (B). Right now, the pair is forming the final descending wave E of (B), which may take the form of (double) zigzag.
Possibly, the price is forming an impulse [a] of E of the final descending wave E of (B), which may be followed by an ascending zigzag [b] of E.
Probably, the pair completed a descending impulse [a] and is starting an ascending zigzag [b].
USD CHF, “US Dollar vs Swiss Franc”
One of the possible scenarios implies that Franc is forming the final ascending wave E of (4), which may take the form of a large zigzag, flat, or some double pattern. Right now, the price is expected to start a descending correction [b] of E of (4).
Probably, the pair is finishing an ascending impulse (c) of [a] and the whole zigzag [a], which may be followed by a descending zigzag [b].
Possibly, the pair is completing an ascending diagonal triangle v of (c) of [a] and the whole zigzag [a], which may be followed by a descending zigzag [b].
USD JPY, “US Dollar vs Japanese Yen”
Probably, right now Yen is expected to start forming a descending zigzag [e] of 4 of (A) of a long horizontal correction 4 of (A). In this case, later the price is expected to make the final ascending movement inside wave 5 of (A).
Probably, the pair is completing an ascending zigzag [d] of 4, which may be followed by the final descending zigzag [e] of 4.
Possibly, the price is finishing an ascending impulse (c) of [d] of and the whole zigzag [d]. If this assumption is correct, then after completing zigzag [d] of 4, the pair is expected to start the final descending zigzag [e] of 4.
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