Wave Analysis 05.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

05.03.2014

Analysis for March 5th, 2014

EUR USD, “Euro vs US Dollar”

Probably, Euro is completing ascending zigzag(D) of [B]. In this case, later price is expected to form final descending zigzag(E) of [B].



Probably, price is finishing ascending zigzag(v) of [v] of C of (D), which may be followed by final descending zigzag(E).



Possibly, pair is completing final ascending zigzag(v) of [v] of C, which may be followed by 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].



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



Possibly, pair completed diagonal triangle(i) of [a] of 2 of descending correction 2. Right now, price is falling down inside impulse (iii) of [a] of 2.




USD CHF, “US Dollar vs Swiss Franc”

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



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



Possibly, 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.



Probably, pair finished diagonal triangle[i] of A of (B) of descending correction (B). Right now, price is completing ascending correction [ii] of A, which may be followed by descending impulse [iii] of A of (B).



Possibly, price is finishing ascending correction [ii], which may be followed by descending impulse [iii].



 
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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question