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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 4, 2016
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Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 4, 2016

04.03.2016
Pair EUR/USD

Overview of the wave analysis for EUR/USD on the March 4, 2016

As it was expected, Euro-Dollar pair started correction. Probably, the bullish impulse in the wave (a) is developing, which may be completed during the day. Later the local correction – the wave (b) – is possible.



Overview of the wave analysis for EUR/USD on the March 4, 2016

On the 1 hour chart the more detailed marks are shown. Apparently, the fourth wave is completing in the wave (a). During the day, the resuming of growth in the wave v of (a) and breakage of yesterday maximum are possible.



Pair GBP/USD

Overview of the wave analysis for GBP/USD on the March 4, 2016

The Pound mark was corrected. Apparently, the elongation in the wave 3 was completed at the week’s beginning. Nowadays, the correcting wave 4 is being forming and taking the look of simple zigzag.



Overview of the wave analysis for GBP/USD on the March 4, 2016

On the 1 hour chart is shown that the fourth wave is about to complete in the wave [a]. Earlier, the bullish stretching in the wave (iii) was completed. In the short term, the growth in the wave (v) of [a] is possible and later – the beginning of downward correction.



Pair USD/JPY

Overview of the wave analysis for USD/JPY on the March 4, 2016

Supposedly, the horizontal triangle is being forming in the wave [iv] in the framework of impulse wave C. Probably, in the nearest future the current flat will be proceeded, but later the resuming of sliding in the wave [v] of C is possible.



Overview of the wave analysis for USD/JPY on the March 4, 2016

On the 1 hour chart in the triangle, the downward zigzag in the wave (d) is being formed. The continuation of the local correction – wave b – is possible, later – declining of the market in the wave c of (d).



Pair AUD/USD

Overview of the wave analysis for AUD/USD on the March 4, 2016

It is quite likely, that Ausse correction that is being forming and now up to the senior wave level. Supposedly, developing wave 4 is taking the look of double zigzag where the impulse in the wave (c) of [y] is about to complete.



Overview of the wave analysis for AUD/USD on the March 4, 2016

The more detailed marks is on the 1 hour chart. Probably, in the wave (c), the stretching in the wave iii is being completing. In the short term, the developing of local correction is possible, and later – the beginning of the flow in the wave v of (c).

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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.