Analysis for February 26th, 2015
In case of Euro, the situation isn’t changing. Probably, the price has completed horizontal triangle inside wave (iv) of [iii] and right now is expected to start a strong descending movement inside wave (v) of [iii].
EUR USD, “Euro vs US Dollar”
The pair has completed impulse i of (v) of [iii] and the correction inside wave ii of (v) of [iii]. In the nearest future, the price is expected to stay below the confirming level at 1.1287 and then start a new descending movement.
GBP USD, “Great Britain Pound vs US Dollar”As we can see at the H4 chart, the pair is about to finish the whole correctional structure inside wave 4 of (1). In the near term, the market may reach a new local high, reverse downwards, and start falling inside a larger wave 5 of (1).
Probably, wave c of (v) of [c] of 4 is taking the form of ending diagonal as well. In the nearest future, the pair is expected to finish this pattern (reach another high) start forming first five-wave structures inside wave 5 of (1).
USD JPY, “US Dollar vs Japanese Yen”The price is moving inside a horizontal channel. Most likely, in the nearest future the pair will start forming an ascending impulse 3 of (5) of . At the same time, we shouldn’t ignore an alternative scenario (colored in gray), which implies that the market hasn’t completed wave 2 of (5) of  yet and it may take the form of a large double zigzag.
As we can see at the H1 chart, the price is moving above the critical level at 118.22 so far, that’s why right now the most preferable scenario is that the pair may continue growing and forming ascending impulses inside wave 3 of (5) of , and then stay above 120.00.
USD CAD, “US Dollar vs Canadian Dollar”The market is still forming horizontal triangle inside wave (4) of . In the nearest future, the price may make a local reverse inside wave (5) of .
The pair continues moving inside zigzag E of (4) of . In the nearest future, the market is expected to start growing inside wave (5) of  without breaking the critical level at 1.2351.
RoboForex Analytical Department
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