Article By RoboForex.com
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 zigzag D of (4), which may be followed by final ascending zigzag E 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 zigzag E 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
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
