Wave Analysis 27.03.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for March 27^th, 2015

EUR USD, “Euro vs US Dollar”

Most likely, Euro has finished a correction inside wave [iv] of 3 in the form of zigzag. In the nearest future, the price is expected to continue falling inside impulse [v] of 3.



After finishing wave [iv] of 3, the pair has probably started a new ascending movement inside wave [v] of 3. In the nearest future, the pair is expected to form impulse (i) of [v] and a new correction inside wave (ii) of [v].

GBP USD, “Great Britain Pound vs US Dollar”

The main scenario remains the same – after completing impulse [i] of 3 and a correction inside wave [ii] of 3, the pair is expected to continue falling inside a large wave [iii] of 3.



The correction inside wave [ii] of 3 has turned out to be quite wide and taken the form of double zigzag. Right now, the pair is forming a large impulse inside wave [iii] of 3.

USD JPY, “US Dollar vs Japanese Yen”

The price hasn’t broken its critical level (red line) and the mains scenario remains the same. After finishing a correction inside wave 2 of (5) of [5], the pair is expected to start moving upwards inside wave 3 of (5) of [5].



The pair has reached a new local low and completed double zigzag inside wave 2 of (5) of [5]. Most likely, in the nearest future, the market may start a new ascending movement inside wave 3 of (5) of [5].

USD CAD, “US Dollar vs Canadian Dollar”

The pair has reached a new local low and finished double three inside wave [4] of iii. Most likely, in the nearest future, the price start continue growing inside a large wave [5] of iii.



The price is moving near its critical level at 1.2411 and forming a possible wave (1) of [5] of iii. In the nearest future, the pair is expected to form a short-term correction inside wave (2) of [5] of iii and then start a strong ascending movement inside wave (3) of [5] of iii.



 
RoboForex Analytical Department