Forecast for April 4th, 2016
EUR USD, “Euro vs US Dollar”
Probably, last week Eurodollar finished the wave 2
of the larger diagonal triangle
. Possibly, on the minor wave level, the market forming the descending impulse in the wave [i]
. In the nearest future, the market may continue falling.
As we can see at the H1 chart, last Friday the market finished the impulse in the wave (c) of [y]
and then the bearish wave (i)
along with the correction (ii)
. It’s highly likely that on Monday the market may continue moving downwards in the wave (iii)
GBP USD, “Great Britain Pound vs US Dollar”
Pound may continue falling as well. It’s highly likely that after finishing the zigzag in the wave 4
, the price has formed the descending impulse in the wave [i]
. Considering that the correction is over, the pair may continue moving downwards in the wave [iii]
More detailed structure is shown on the H1 chart. Probably, earlier Pound finished the zigzag
in the wave [ii]
. During the day, the market may continue falling in the wave (iii) of [iii]
USD JPY, “US Dollar vs Japanese Yen”
Possibly, the wave (4)
has been completed in the form of the zigzag
. Probably, right now the price is forming another ascending impulse and may continue moving upwards while forming the triangle [iv]
during the next several days and breaks its highs.
As we can see at the H1 chart, Yen is about to complete the zigzag
in the wave (ii)
. On the minor wave level, the pair is finishing the descending impulse in the wave c
. In the nearest future, the market may start growing in the wave i of (iii)
AUD USD, “Australian Dollar vs US Dollar”
Probably, the market is about to finish the bullish impulse [с]
in the flat 4
. On the minor wave level, Australian Dollar has completed the wave (v)
and may start forming a new bearish impulse.
At the H1 chart, the wave v of (v)
turned out to be truncated.
Probably, right now Australian Dollar is finishing the bearish impulse in the wave i
. Later, after finishing the local correction, the market may resume its decline in the wave iii of (i)
RoboForex Analytical Department
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