Wave Analysis 11.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)
11.03.2014
Analysis for March 11th, 2014
EUR USD, “Euro vs US Dollar”
Euro has almost completed ascending zigzag(D) of [B]. In this case, later price is expected to form final descending zigzag(E) of [B].
Probably, price is finishing ascending zigzag(v) of [v] of C of (D) of diagonal triangle[v] of C of (D), which may be followed by final descending zigzag(E).
Possibly, pair is completing final ascending zigzag(v) of [v] of C of (D), which may be followed by large descending zigzag(E).
GBP USD, “Great Britain Pound vs US Dollar”
Probably, pair has already completed ascending impulse 1 of (C) of [B] and started forming descending correction 2 of (C) of [B], may be in the form of zigzag. However, we should note that this assumption hasn’t been confirmed and price may yet change structure of wave 1 of (C) of [B].
Probably, pair has already completed ascending correction (ii) of [a] of 2. In this case, price is expected to start forming descending impulse (iii) of [a] of 2. However, we should note that this assumption hasn’t been confirmed and price may yet change structure of wave 1.
Probably, pair started falling down inside impulse (iii) of [a] of 2. If this assumption is correct, then after completing local ascending correction ii of (iii) of [a], price may continue falling down inside impulse iii of (iii) of [a].
USD CHF, “US Dollar vs Swiss Franc”
Probably, Franc is completing descending zigzagD of (4), which may be followed by final ascending zigzagE of (4).
Probably, price is finishing descending impulse (v) of [c] of D, which may be followed by final ascending wave E of (4).
Possibly, pair is completing final descending impulse v of (v) of [c] of D, which may be followed by large ascending zigzagE of (4).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen finished ascending impulse (A). In this case, price is expected to start large descending correction (B), may be in the form of zigzag.
Probably, pair completed ascending correction [ii] of A and started forming descending impulse [iii] of A.
Possibly, price started forming descending impulse [iii] of A. However, we should note that this assumption hasn’t been confirmed and price may yet change structure of correction [ii] of A.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.