Forecast for April 15th, 2016
EUR USD, “Euro vs US Dollar”
After finishing the zigzag
in the wave (y)
, Eurodollar has started falling. It looks like right now the pair is falling in the descending impulse (i) of (a)
. On Friday, the market may complete the local correction and then continue moving downwards.
More detailed structure is shown on the H1 chart. Probably, yesterday the price completed the wave i
and started a new correction. in the nearest future the market may reach a new high while forming the wave ii
and then start a new decline in the third wave.
GBP USD, “Great Britain Pound vs US Dollar”
It looks like the price may yet continue forming the extension
in the wave [iii]
. Pound has finished the wave (ii)
and may start falling in the wave (iii)
. On Friday, after finishing the local correction on the minor wave level, the pair may resume moving downwards.
As we can see at the H1 chart, Pound has finished the zigzag (ii)
with the impulse c
inside it. It looks like right now the market is forming the extension
in the wave iii
. Possibly, during the day the pair may break its local low.
USD JPY, “US Dollar vs Japanese Yen”
It’s highly likely that Yen has finished the impulse in the wave C
and is about to start a new ascending correction. It looks like right now the market is completing 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)
More detailed structure is shown on the H1 chart. The price has broken the maximum of the wave iii
while forming the wave v of (i)
. Consequently, during the day Yen may complete the wave v
and start 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)
At the H1 chart, yesterday Australian Dollar has reached a new high and completed the wave (v) of [c]
. On the minor wave level, the pair has formed the bearish impulse in the wave i
. Probably, after finishing the local correction, the market may continue moving downwards in the wave iii
RoboForex Analytical Department
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