Analysis for September 17th, 2014
EURUSD, “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 descending impulse A of (E); right now, it is expected to start an ascending correction [iv] of A of (E) of [B].
Possibly, the price is finishing a descending impulse [iii] of A, which may be followed by an ascending correction [iv] of A.
Probably, the pair is completing a descending impulse (v) of [iii] of A, which may be followed by an ascending correction [iv] of A.
GBPUSD, “Great Britain Pound vs US Dollar”
Probably, Pound is forming the final descending wave E of (B) of a large skewed triangle (B), which may take the form of zigzag.
Probably, the price is completing an ascending impulse [a] of E of a descending zigzag E of (B).
Possibly, the pair is finishing an ascending zigzag (iv) of [a], which may be followed by the final descending wave (v) of [a].
USDCHF, “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 an ascending impulse [a] of E; right now, it is expected to start a descending correction (iv) of [a] of E.
Possibly, the pair is finishing an ascending impulse (iii) of [a], which may be followed by a descending correction (iv) of [a].
Probably, the price is completing an ascending impulse v of (iii) of [a], which may be followed by a descending correction (iv) of [a].
USDJPY, “US Dollar vs Japanese Yen”
Probably, Yen is about to complete a large ascending impulse (A). Right now, the price is forming its final ascending impulse 5 of (A).
Possibly, the pair is completing an ascending impulse [iii] of 5, which may be followed by a descending correction [iv] of 5.
Probably, the price is finishing an ascending impulse (v) of [iii] of 5, which may be followed by a descending correction [iv] of 5.
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