Forecast for April 11th, 2016
EUR USD, “Euro vs US Dollar”
It looks like Eurodollar is about to complete the double zigzag
in the wave 2
. On the minor wave level, probably, the market is finishing the diagonal triangle
in the wave c of (y)
, which may be followed by a new descending movement.
As we can see at the H1 chart, after finishing the zigzag
in the wave b
, Eurodollar has started moving upwards in the wave c of (y)
. On Monday, the market may grow in the wave 
, which is taking the form of the zigzag,
and break the maximum of the wave  of c
GBP USD, “Great Britain Pound vs US Dollar”
After completing the wave 4
, Pound has formed two descending impulses. Consequently, the pair may continue forming the descending extension
in the wave [iii]
. On the other hand, there is a possibility that the two previous bearish impulses are just the zigzag
. This is why right now it’s better to wait until the price finished the local correction and forms the first wave in the wave [iii]
More detailed structure is shown on the H1 chart. After completing the wave v of (i)
, Pound has started a new correction. It looks like right now the pair is finishing the wave c
in the zigzag (ii)
. On Monday, the market may break the maximum of the wave a
and then resume moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues forming the descending impulse in the wave C
. Earlier, the price completed the wave [iv]
in the form of the triangle
, and then started falling in the wave [v]
. On the minor wave level, the market is about to finish the wave (v)
, which may be followed by a new ascending movement.
More detailed structure is shown on the H1 chart. After finishing the double zigzag
in the wave (iv)
, Yen has started forming the descending impulse in the wave (v) of [v]
. During the day, the market may fall in the wave iii
and break the low reached last week.
AUD USD, “Australian Dollar vs US Dollar”
It looks like the market has finished the bullish impulse [с]
in the flat 4
. On the minor wave level, Australian Dollar may has completed the wave (i)
and may start the wave (iii)
. After finishing the local correction, the price may continue falling.
As we can see at the H1 chart, after finishing the wave i of (iii)
, the pair has started a new ascending correction. Earlier, the wave (ii)
took the form of the zigzag
. It’s highly likely that on Monday the price may complete the wave ii
and start moving downwards in the wave iii of (iii)
RoboForex Analytical Department
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