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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 3, 2016
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Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 3, 2016

03.03.2016
Pair EUR/USD

Wave analysis overview for EUR/USD  on March 3, 2016

Quite likely, the formation of downward impulse in the wave [i] is completed. On the junior wave level, the fifth level is completed. In the short-term, beginning oа the growth in the upward wave impulse (a) is possible.



Wave analysis overview for EUR/USD  on March 3, 2016

On the 1 hour chart the more detailed marks are shown. Supposedly, just before the wave v of (v) was completed and bullish impulse in the wave I was formed. Subsequently, when local correction will complete the growth in the wave iii of (iii) is possible.



Pair GBP/USD

Wave analysis overview for Pair GBP/USD on March 3, 2016

Quite likely, that Pound wave (iv) is about to be completed. Earlier the elongation in the wave (iii) was completed, where the fifth wave were quite short. Further, the completion of correction and resuming of sliding in the wave (v) of [v] are possible.



Wave analysis overview for Pair GBP/USD on March 3, 2016

On the 1 hour chart, the wave (iv) tries to form the double zigzag where the wave y is forming. Continuation of the local growth is possible during the day, but later bears could come back to the market and start sliding in the wave (v).



Pair USD/JPY

ОWave analysis overview for Pair USD/JPY on March 3, 2016

Supposedly, the horizontal triangle is being forming in the wave [iv] in the framework impulsive wave C. Probably, the current flat will continue in the next days, but further the resuming of sliding in the wave [v] of C is possible.



Wave analysis overview for Pair USD/JPY on March 3, 2016

On the 1 hour chart the more detailed marks are shown. Quite likely, in possible triangle wave (c) the zigzag was completed. Further continuation of wave (d) of [iv] formation is possible.



Pair AUD/USD
Wave analysis overview for Pair AUD/USD on March 3, 2016

Supposedly, the formation of diagonal triangle in the fifth wave has begun after the fourth wave was completed. In the nearest days, the resuming of market sliding in the wave [iii] of 5 is possible.



Wave analysis overview for Pair AUD/USD on March 3, 2016

Upward impulse in the wave с is developing on the 1 hour chart, earlier the bullish wedge in the wave a was formed. In the short term, the further formation of bullish impulse in the wave с is possible, where the growth in the fifth wave is possible after the correction.

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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.