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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 8, 2016
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Wave analysis for EUR/USD, GBP/USD, USD/JPY and AUD/USD on March 8, 2016

08.03.2016
Pair EUR/USD

Wave analysis for EUR/USD on March 8, 2016

The correction of Euro-Dollar pair is continuing. Apparently, wave [ii] takes the look of zigzag where just recently the wave (b) was completed. After that the further quotation rising in the wave (c) of [ii] is possible.



Wave analysis for EUR/USD on March 8, 2016

On the 1 hour chart, the more detailed marks is shown. Supposedly, in the wave (c) the bullish impulse was formed – the wave i. Further price rising in the wave iii of (c) is possible after the completion of local correction.



Pair GBP/USD

Wave analysis for GBP/USD on March 8, 2016

Pound is being corrected as well. It is quite likely, that wave 4 takes the look of zigzag. The wave [b] was completed in the junior wave level, and now continuation of quotation rising in the wave [c] of 4 is possible.



Wave analysis for GBP/USD on March 8, 2016

As it shown on the 1 hour chart, the upward impulse in the wave (i) was formed after completion of wave [b]. After that the further quotation rising in the frameworks of bullish wave (iii) of [c] is possible.



Pair USD/JPY

Wave analysis for USD/JPY on March 8, 2016

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



Wave analysis for USD/JPY on March 8, 2016

It is quite likely, the downward zigzag is being formed in the wave (d) in the frames of triangle. The market sliding in the wave с of (d) is possible during the day. After that, the beginning of upward local wave (e) of [iv] is possible.



Pair AUD/USD

Wave analysis for AUD/USD on March 8, 2016

It is quite likely, that Ausse’s upward wave 4 formation is completed. The impulse in the wave (c) of [y] is formed in the junior wave level. It is not excluded that market will sliding in the nearest days.



Wave analysis for AUD/USD on March 8, 2016

The more detailed marks are shown on the 1 hour chart. Probably, just recently the formation of the wave (c) have been completed. In the short term the beginning of sliding and formation of downward impulse are 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.