Analysis for March 11th, 2015
EUR USD, “Euro vs US Dollar”
Euro continues falling inside wave (v) of [iii]
. Right now, the pair is forming a long double extension
inside the third wave, that’s why in the nearest future the market is expected to continue moving downwards.
Probably, wave iii of (v)of [iii]
is taking the form of double extension
. The price is moving precisely inside a descending channel. In the nearest future, the market is expected to start a sideways movement inside wave  of iii of (v)
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming a large descending impulse 5 of (1)
, which may be completed quite soon. After finishing the current sideways movement, the price may continue falling.
Most likely, the current price movement inside a horizontal channel may be described as horizontal triangle
inside wave [iv] of 5 of (1)
. In the nearest future, the pair may is expected to continue moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
Most likely, Yen has completed wave 3 of (5) of 
, as well as the correction inside wave 4 of (5) of 
, At the moment, the market is expected to start a new ascending movement.
So, probably the pair has finished wave 4 of (5) of 
, as well as the first five-wave ascending structure inside wave 5 of (5) of 
. In the future, the market is expected to reach a new local high.
USD CAD, “US Dollar vs Canadian Dollar”
It looks like the pair has finished wave 1 of (5) of 
just now and later is expected to start a local correction inside wave 2 of (5) of 
, which may take the form of zigzag
Probably, wave 1 of (5) of 
is taking the form of leading diagonal triangle
with an extension
inside its first wave. In the nearest future, the price is expected to fall and form zigzag
inside wave 2 of (5) of 
RoboForex Analytical Department