Forecast for March 14th, 2016
EUR USD, “Euro vs US Dollar”
Probably, last week Eurodollar completed the wave [ii]
in the form of the flat
. It looks like on the minor wave level the pair is already forming the descending impulse in the wave (i)
. In the nearest future, the market may continue its decline.
More detailed structure is shown on the H1 chart. The flat
in the wave [ii] has been finished with a fast impulse in the wave (c)
. After completing the wave ii
, the market mat resume falling and break Friday’s low.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still being corrected. It looks like the wave 4
is taking the form of the zigzag
with the ascending impulse [c]
inside it. Later, the pair may start falling and form the descending impulse in the wave (i)
As we can see at the H1 chart, after completing the wave [b]
, Pound has started growing in the wave [c] of 4
with the wave (iv)
being finished inside it. On Monday, the price may complete the local correction and move upwards a little bit in the wave (v) of [c].
USD JPY, “US Dollar vs Japanese Yen”
It looks like Yen has finished the triangle [iv]
. Consequently, in the nearest future the market may start falling in the wave [v] of C
and later break the minimum of the wave [iii]
Probably, Yen completed the wave (e)
and then rebounded from the triangle
’s upper border. Later, the market formed the descending impulse in the wave i
. After completing the local correction, the price may start falling in the wave iii
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is about to finish the ascending wave 4
. On the minor wave level, the price has completed the impulse (c) of [y]
. One of these days, the pair may resume falling.
More detailed structure is shown on the H1 chart. It looks like after finishing the wave iv
, the pair has formed the bullish impulse in the wave v of (c)
. On Monday, the price may fall in the wave i
RoboForex Analytical Department
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