# Wave Analysis 29.10.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

29 October, 2013

EUR/USD

One of the possible scenarios implies that the pair completed a large horizontal triangle [B] and started a new mid-term ascending trend inside wave [C].

We can’t exclude a possibility that Euro is completing an ascending impulse 1 of a new mid-term ascending trend, which may be followed by a descending correction 2.

We can’t exclude a possibility that the pair is finishing an ascending impulse 1. In this case, later the pair is expected to start forming a descending correction 2.

We can’t exclude a possibility that the price is finishing an ascending impulse (v) of 1, which may be followed by a reverse downwards inside wave 2.

GBP/USD

One of the possible scenarios implies that the pair started a new mid-term ascending trend inside an impulse(A).

We can’t exclude a possibility that Pound finished an ascending impulse 1 of (A), which may be followed by a descending correction 2 of (A).

We can’t exclude a possibility that the pair finished an ascending impulse 1. In this case, later the pair is expected to start forming a descending correction 2.

We can’t exclude a possibility that the price completed an ascending impulse 1. If this assumption is correct, then later the pair may start a descending correction 2.
USD/CHF

One of the possible scenarios implies that the pair completed a large horizontal correction (4) of [C] and started forming the final descending zigzag A-B-C of (5) of [C].

We may assume that Franc finished a descending impulse A of (5). In this case, the pair is expected to startan ascending correction B of (5).

We can’t exclude a possibility that the pair is completing a descending impulse A, which may be followed by an ascending correction B.

We may assume that the pair is finishing a descending impulse A. In this case, later the later the price may start an ascending correction B.

USD/JPY

We may assume that the predicted target of an ascending wedge (A) of [4] is at the level of 107.50. In this case, later the pair is expected to start a large descending correction (B) of [4].

We may assume that the price finished a horizontal correction [iv] of 5 with double zigzag (e) of [iv] of 5. In this case, later the pair is expected to start an ascending wave [v] of 5 in the form of an impulse or diagonal triangle.

We may assume that the price finished the final zigzag y of (e) of [iv], which may be followed by an ascending wave [v] of 5 in the form of an impulse or diagonal triangle.

RoboForex Analytical Department

Forex Technical Analysis for 29.12.2015

Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...

Forex Technical Analysis for 28.12.2015

Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...

Technical analysis for 23.12.2015

The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...

Forex Technical Analysis for 22.12.2015

Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...

Murrey Math Lines for 21.12.2015

Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...

Forex Technical Analysis for 18.12.2015

Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...

Wave Analysis for 17.12.2015

After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...

Forex Technical Analysis for 16.12.2015

Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...

Forex Technical Analysis for 15.12.2015

Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...

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