Analysis for October 1st, 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].
Probably, the price finished a descending impulse [iii] of A and is expected to start an ascending correction [iv] of A.
Possibly, the pair completed a descending impulse (v) of [iii], which may be followed by an ascending correction [iv].
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.
Possibly, the price is forming a local ascending correction [b] of 4 of a descending zigzag 4, the form of which isn’t quite clear yet.
Probably, 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].
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.
Probably, the pair finished an ascending impulse (iii) of [a] and is expected to start a descending correction (iv) of [a].
Possibly, the price completed the final impulse [5] of v of (iii), which may be followed by a descending correction (iv) of [a].
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).
Probably, the pair is completing an ascending impulse [iii] of 5, which may be followed by a descending correction [iv] of 5.
Possibly, 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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