Wave Analysis 04.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

04.03.2014

Analysis for March 4th, 2014

EUR USD, “Euro vs US Dollar”

Possibly, Euro completed ascending zigzag(D) of [B]. In this case, right now price is expected to form final descending zigzag(E) of [B].



Possibly, price finished final ascending wave [v] of C of (D) and started final descending zigzag(E).



Probably, pair completed final ascending impulse (v) of [v] of C and started forming 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].



Possibly, pair has already completed final ascending impulse [v] of 1.  In this case, price is expected to start forming descending correction 2.



Probably, pair completed diagonal triangle(i) of [a] of 2 of descending correction 2. Right now, price is forming descending impulse (iii) of [a] of 2.




USD CHF, “US Dollar vs Swiss Franc”

Possibly, Franc completed descending zigzagD of (4), which may be followed by final ascending zigzagE of (4).



Possibly, price finished descending impulse (v) of [c] of D, which may be followed by final ascending wave E of (4).



Probably, pair completed final descending impulse v of (v) of [c] of D and started 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.



Possibly, pair finished diagonal triangle[i] of A of (B) of horizontal correction (B). Right now, price is forming descending impulse [iii] of A of (B).



Probably, price finished ascending correction [ii], may be in the form of zigzag. Right now, price is forming wedge(i) of [iii] of descending impulse [iii] 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.

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