Forecast for March 14th, 2016
Probably, last week Eurodollar completed the wave [ii] in the form of the flat. It looks like on the minor wave level the pair is already forming the descending impulse in the wave (i). In the nearest future, the market may continue its decline.
EUR USD, “Euro vs US Dollar”
More detailed structure is shown on the H1 chart. The flat in the wave [ii] has been finished with a fast impulse in the wave (c). After completing the wave ii, the market mat resume falling and break Friday’s low.
GBP USD, “Great Britain Pound vs US Dollar”Pound is still being corrected. It looks like the wave 4 is taking the form of the zigzag with the ascending impulse [c] inside it. Later, the pair may start falling and form the descending impulse in the wave (i).
As we can see at the H1 chart, after completing the wave [b], Pound has started growing in the wave [c] of 4 with the wave (iv) being finished inside it. On Monday, the price may complete the local correction and move upwards a little bit in the wave (v) of [c].
USD JPY, “US Dollar vs Japanese Yen”It looks like Yen has finished the triangle [iv]. Consequently, in the nearest future the market may start falling in the wave [v] of C and later break the minimum of the wave [iii].
Probably, Yen completed the wave (e) and then rebounded from the triangle’s upper border. Later, the market formed the descending impulse in the wave i. After completing the local correction, the price may start falling in the wave iii.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is about to finish the ascending wave 4. On the minor wave level, the price has completed the impulse (c) of [y]. One of these days, the pair may resume falling.
More detailed structure is shown on the H1 chart. It looks like after finishing the wave iv, the pair has formed the bullish impulse in the wave v of (c). On Monday, the price may fall in the wave i.
RoboForex Analytical Department
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