Analysis for September 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 descending impulse A of (E); right now, it is expected to start an ascending correction [iv] of A of (E) of [B].

EURUSD

Possibly, the price is finishing a descending impulse [iii] of A, which may be followed by an ascending correction [iv] of A.

EURUSD

Probably, the pair is completing a descending impulse (v) of [iii]. Later the price is expected to start an ascending correction [iv].

EURUSD


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.

GBPUSD

Probably, the price is forming an ascending correction [b] of 4 of a descending zigzag 4, the form of which isn’t quite clear yet.

GBPUSD

Possibly, the pair is finishing a local descending zigzag b of (a) of [b] inside an ascending correction [b], after which the uptrend may continue inside wave c of (a) of [b].

GBPUSD


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 an ascending impulse [a] of E; right now, it is expected to start a descending correction (iv) of [a] of E.

USDCHF

Possibly, the pair is finishing an ascending impulse (iii) of [a], which may be followed by a descending correction (iv) of [a].

USDCHF

Probably, the price is completing the final impulse [5] of v of (iii). Later the price is expected to start a descending correction (iv) of [a].

USDCHF


USD JPY, “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).

USDJPY

Possibly, the pair is completing an ascending impulse [iii] of 5, which may be followed by a descending correction [iv] of 5.

USDJPY

Probably, the price is finishing an ascending impulse (v) of [iii] of 5, which may be followed by a descending correction [iv] of 5.

USDJPY

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