Article By RoboForex.com
Analysis for March 25th, 2015
EUR USD, “Euro vs US Dollar”
Euro has reached another local high and is still being corrected inside wave (ii) of [v]. The pair is moving below its critical level and in the nearest future may start falling inside wave (iii) of [v].
The correction inside wave (ii) of [v] has turned out to be a bit more complicated and taken the form of double zigzag. Most likely, in the nearest future, the price will continue moving inside the previous downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues moving inside an almost horizontal trading range. Most likely, in the nearest future, the market will continue falling inside wave [iii] of 3.
Probably, the price is forming wave [iii] of 3 in the form of a double extension; it has already finished waves (i) of [iii] and i of (iii) of [iii]. Most likely, in the nearest future, the pair will continue moving downwards.
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USD JPY, “US Dollar vs Japanese Yen”
Diagonal triangle is still in effect. Most likely, the pair has formed double zigzag inside wave 2 of (5) of [5] and may continue growing.
Wave 2 of (5) of [5] of a possible diagonal triangle has taken the form of double zigzag [w]-[x]-[y]. In the nearest future, the market will start forming an ascending zigzag [a]-[b]-[c] inside wave 3 of (5) of [5].
USD CAD, “US Dollar vs Canadian Dollar”
The structure of wave [4] of iii has become more complicated and taken the form of double three. Most likely, in the nearest future, the market will continue growing inside wave [5] of iii.
Wave [4] of iii has taken the form of double three (expanded flat + zigzag). Most likely, in the nearest future, the price will complete the first impulse inside an ascending wave [5] of 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.
