Wave Analysis 30.03.2015 (EUR/USD, GBP/USD, USD/JPY, USD/CAD)

Analysis for March 30^th, 2015

EUR USD, “Euro vs US Dollar”

Euro is moving below its critical level at 1.1039 and is still forming a large descending impulse inside wave [v] of 3. In the nearest future, the price is expected to continue falling.



After finishing the first five-wave structure inside wave (i) of [v] of 3, the pair has formed a correction inside wave (ii) of [v] of 3, may be in the form of expanded flat. In the nearest future, the pair is expected to continue falling inside wave (iii) of [v] of 3.

GBP USD, “Great Britain Pound vs US Dollar”

After finishing a horizontal; correction inside wave [ii] of 3, the pair has started forming the first five-wave structure of a descending impulse inside wave [iii] of 3. Most likely, in the nearest future, the market will continue moving downwards inside wave [iii] of 3.



The market has completed wave (I) of [iii] of 3 and a correction inside wave (ii) of [iii] of 3, which has taken the form of expanded flat. Most likely, in the nearest future, the pair will continue falling inside wave (iii) of [iii] of 3.

USD JPY, “US Dollar vs Japanese Yen”

The price is moving near its critical level at 118.23 without breaking it, so the mains scenario remains the same - most likely, in the nearest future, the pair will continue moving upwards inside wave 3 of (5) of [5].



Probably, the pair has finished the first five-wave structure [i] of 3 of (5) and a correctional wave [ii] of 3 of (5) in the form of expanded flat. Most likely, in the nearest future, the market will continue its ascending movement inside wave [iii] of 3 of (5).

USD CAD, “US Dollar vs Canadian Dollar”

Just as we expected, after finishing a horizontal correction inside wave [4] of iii, the pair has started forming an ascending impulse inside wave [5] of iii. Most likely, in the nearest future, the market will continue growing towards 1.3000.



Most likely, in the nearest future, the price will finish wave (1) of [5] of iii and then start a correction inside wave (2) of [5] of iii, may be in the form of a descending zigzag.



 
RoboForex Analytical Department