Forecast for April 14th, 2016
EUR USD, “Euro vs US Dollar”
Probably, Eurodollar has finally completed the zigzag
in the wave (y)
. It looks like right now the pair is falling in the bearish impulse (i) of (a)
. On Thursday, the market may continue moving downwards.
As we can see at the H1 chart, the price has completed the diagonal triangle
in the wave с of (y)
. Right now, Eurodollar is finishing the fifth wave in the wave i
. Consequently, in the nearest future the market may start a new local correction.
GBP USD, “Great Britain Pound vs US Dollar”
It looks like the price is resuming its decline in the wave [iii]
. Earlier, after completing the wave 4
in the form of the zigzag
, the price formed the descending impulse in the wave [i]
. It’s highly likely that in the nearest future the market may continue falling towards its local low.
More detailed structure is shown on the H1 chart. Probably, Pound finished the descending zigzag
in the wave (ii)
. Later, the market completed waves i
, and then started moving downwards in the wave iii
, which may continue for the next several days.
USD JPY, “US Dollar vs Japanese Yen”
It’s becoming more obvious that Yen has finished the descending impulse in the wave C
. Probably, right now the market is about to complete the impulse in the wave (i)
. In the nearest future, the market may be corrected for a while and then continue growing in the wave (iii)
As we can see at the H1 chart, after finishing the wave (v) of [v]
, Yen has started forming the bullish impulse in the wave (i)
. On the minor wave level, the price may complete the wave iv
and move upwards a little bit in the wave v of (i)
, which may be followed by a new descending correction.
AUD USD, “Australian Dollar vs US Dollar”
It looks like the market has finished the ascending impulse [с] of 4
. Probably, yesterday the market completed the wave (v)
and may start falling in the bearish wave (i)
More detailed structure is shown on the H1 chart. After finishing the wave (iv)
in the form of the double three
, the pair has formed the ascending impulse in the wave (v)
and then the wedge
in the wave i
. Consequently, after finishing the local correction, the market may continue moving downwards in the wave iii
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.