Wave Analysis 12.09.2012 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

12.09.2012 / 10:44

Analysis for September 12^th, 2012

EUR/USD

We can’t exclude a possibility that at the moment Euro is moving inside a new ascending trend, (double) zigzag [Y].

We may assume that the price is finishing an ascending wedge [i] and we can expect a descending correction[ii].

Euro continues finishing the formation of a possible ascending wedge [i]. Later, we can expect a descending correction [ii].

GBP/USD

We may assume that Pound is forming an ascending wave [с] of B, which started with wedge (i) of [c] of B.

We can’t exclude a possibility that the price is finishing an ascending wedge (i) and we can expect a descending correction (ii) of [c].

Pound continues finishing the formation of a possible ascending wedge (i). Later, we can expect a descending correction (ii).

USD/CHF

We can’t exclude a possibility that the price is now forming a final descending wave (5), which may take the form of (double) zigzag.

We can’t exclude a possibility that the price has is finishing a descending wedge [i]. We can expect an ascending correction [ii].

Franc continues finishing the formation of a possible descending wedge [i], Later, we can expect an ascending correction [ii].

USD/JPY

A chart structure implies that the price is going to finish a large and long horizontal correction [4] of V within the next several days.

We can’t exclude a possibility a long horizontal correction [4] may be completed with triangle (E) of [4].

It looks like the price is completing wave D of (E) of [4], we can expect a final wave E of (E) of [4] of skewed triangle (E) of [4] and of horizontal triangle [4].