Wave Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY

Analysis for August 28th, 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, flat or some double pattern. Right now, the pair is expected to start an ascending correction B of (E) of [B].

Probably, the price finished a descending impulse [c] of A and the whole zigzag A, which may be followed by an ascending zigzag B.

Possibly, the pair completed a descending impulse (v) of [c] of A and the whole zigzag A, and is starting an ascending zigzag B.

GBPUSD, “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 v of (c) of [a] and is starting an ascending zigzag [b].

USDCHF, “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 finished an ascending impulse (c) of [a] and the whole zigzag [a], which may be followed by a descending zigzag [b].

Possibly, the pair completed an ascending impulse v of (c) of [a] and the whole zigzag [a], and is starting a descending zigzag [b].

USDJPY, “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.