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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / The wave analysis of EUR/USD, GBP/USD, USD/JPY и AUD/USD on March 2, 2016
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The wave analysis of EUR/USD, GBP/USD, USD/JPY и AUD/USD on March 2, 2016

02.03.2016
Pair EUR/USD

Review of wave analysis of EUR/USD on March 2, 2016

Probably, the Euro-Dollar pair completed the formation of the descending impulse in the wave [i], as part of which the fifth wave has been completed. In the short term, the beginning of bullish impulse in the wave (a) is possibly. It is very likely that resuming of uptrend will be during the day.



Review of wave analysis of EUR/USD on March 2, 2016

On the hourly chart, the more detailed marking is shown. Quite likely after the end of descending impulse in the wave (v) of [i] the junior bullish impulse was formed. During Wednesday, beginning of the growth in the wave iii of (a) is possible.



Pair GBP/USD

Review of wave analysis of GBP/USD on March 2, 2016

Supposedly, Pound has finished in the bearish wave (iii). Earlier, the zigzag in the wave [iv], was formed that pointed on the possibility of resuming of downtrend for that pair. In the short term, the developing if correction wave (iv) is possible.



Review of wave analysis of GBP/USD on March 2, 2016

As it shown in the mark of hourly chart, the wavу v of (iii) was quite short, after that the upward correction has begun. After the end of wave x the local growth of quotation in the wave y of (iv) is possible.



Pair USD/JPY

Review of wave analysis of USD/JPY on March 2, 2016

Yen mark is corrected. Supposedly, wave (4) want to look flat, where the downward impulse in the wave C is developing. Later, after the end of triangle in the wave [iv], the price descent in the fifth wave is possible.



Review of wave analysis of USD/JPY on March 2, 2016

On the hourly chart the more detailed mark is shown. Quite likely in the wave (c) of triangle the zigzag is completed. Later the beginning of local pair descending in the wave (d) of [iv] is possible.



Pair AUD/USD

Review of wave analysis of AUD/USD on March 2, 2016

Supposedly, after the wave 4 was completed, the formation of diagonal triangle has begun in the fifth wave where the wave [ii] is coming up to its completion. The resuming of market descending in the wave [iii] of 5 is possible soon.



Review of wave analysis of AUD/USD on March 2, 2016

Upward impulse in the wave с is developing on the hourly chart. Earlier, the bullish wedge in the wave a was formed. In the short term, the further formation of bullish impulse in the wave c is possible.

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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.