Wave analysis and forecast for 04.03 – 11.03-2016

EUR/USD: Wave analysis and forecast for 04.03 – 11.03: Uptrend continues.Estimated pivot point is at the level of 1.0820.

Our opinion: Buy the pair from correction above the level of 1.0820 with the target of 1.15 – 1.16.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0820 will allow the pair to continue decline to 1.07 – 1.06.

Analysis: The depth of the local correction gives a chance to the formation of divergent wedge as the first wave within the third wave of the senior level. Locally it is likely that the “bearish” zigzag in the fourth wave (iv) of will come to an end, and the fifth wave (v) of I will develop. If this assumption is correct and the price does not break down the critical level of 1.0820, the price can rise in the fifth wave up to 1.1500.



GBP/USD: Wave analysis and forecast for 04.03 – 11.03: Downtrend continues. Estimated pivot point is at the level of 1.4578.

Our opinion: Sell the pair from correction below the level of 1.4578 with the targets of 1.3650.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4578 will enable the pair to continue the rise to the level of 1.50.

Analysis: Presumably, “bearish” impetus continues to develop in the third wave of the senior level 3. At the moment it seems that the third wave (iii) of v of 3 has completed and correction as the fourth wave (iv) is developing. If this assumption is correct, after the completion of the correction, the pair will continue to decline to 1.3650. 




USD/CHF: Wave analysis and forecast for 04.03 – 11.03: Downtrend continues. Estimated pivot point is at the level of 1.0033.

Our opinion: Sell the pair from correction below the level of 1.0033 with the target of 0.9650 – 0.9470.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0033 will allow the pair to continue the rise
up to the level of 1.05.

Analysis: Presumably, the formation of the downward momentum continues in the third wave iii of C. At the moment it is possible that upward correction has completed as he second wave of the junior level (ii) of iii. If this assumption is correct, the pair can go down to 0.95within the third wave (iii). Critical level for this scenario is 1.0033.




USD/JPY: Wave analysis and forecast for 04.03 – 11.03: Correction is nearing completion. Estimated pivot point is at the level of 116.00.

Our opinion: Sell the pair from correction below the level of 116.00 with the target of 108.00 – 107.00. 

Alternative scenario: Breakout and consolidation of the price above the level of 116.00 allow the pair to continue the rise up to the levels of 120.00 – 122.00.

Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that upward correction is nearing completion as the fourth wave (iv) of iii , which is likely to take a shape of a plane. If this assumption is correct after the completion of correction the pair will continue to decline to 108.00 – 107.00. Critical level for this scenario is 116.00.




USD/СAD: Wave analysis and forecast for 04.03 – 11.03: Downtrend dominates.Estimated pivot point is at the level of 1.3650.

Our opinion: Sell the pair from correction below the level of 1.3650 with the targets of 1.3280 – 1.3054. 

Alternative scenario: Breakdown and consolidation of the price above the level of 1.3650 will enable the pair to continue the rise up to 1.3850. 

Analysis: Presumably, the formation of the downward zigzag continues in the first wave of the new “bearish” correction. Locally, it seems that the wave is being formed from a zigzag as an impetus, within which the third wave (iii) of c is nearing completion. If this assumption is true, after the correction (iv) the pair will continue to decline to 1.3280 – 1.3054.