EUR/USD: Wave analysis and forecast for 25.03 – 01.04: The pair is undergoing correction.
Estimated pivot point is at the level of 1.1340.
Our opinion: Sell the pair from correction below the level of 1.1340 with the target of 1.1050 – 1.0820. In case of breakout of the level of 1.1340 buy with the target of 1.15 – 1.16.
Alternative scenario: Breakout and consolidation of the price above the level of 1.1340 will allow the pair to continue the rise up to 1.15 – 1.16.
Analysis: Presumably, the formation of the fifth wave (v) of i of 3 has completed. Locally it is likely that the correction has begun as the wave ii of 3, within which the first wave (a) of ii os being developed. If this assumption is correct, the pair may continue to decline to 1.1050 – 1.0820. Critical level for this scenario is 1.1340. Breakdown of this level will trigger the rise in the pair to 1.15 – 1.16.
GBP/USD: Wave analysis and forecast for 25.03 – 01.04:Downtrend has resumed.
Estimated pivot point is at the level of 1.4507.
Our opinion: Sell the pair from correction below the level of 1.4507 with the target of 1.36 – 1.34.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4507 will enable the pair to continue the rise up to the level of 1.47.
Analysis: Presumably, the formation of the upward correction as the fourth wave 4 of the senior level, which took the shape of a zigzag, has completed. Locally it seems that the first one-two wave as an impetus (i) has developed. If this assumption is correct after the completion of the correction the pair may decline to the levels of 1.36 – 1.34. Critical level for this scenario is 1.4507.
USD/CHF: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to decline.
Estimated pivot point is at the level of 0.9912.
Our opinion: Sell the pair from correction below the level of 0.9912 with the target of 0.95 – 0.9470.
Alternative scenario: Breakout and consolidation of the price above the level of 0.9912 will allow the pair to continue the rise up to the level of 1.0130 - 1.02.
Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed, within which local correction as the fourth wave of the junior level iv of (iii) is nearing completion. If this assumption is correct, after the completion of the correction the pair will continue to decline to 0.95. Critical level for this scenario is 0.9912.
USD/JPY: Wave analysis and forecast for 25.03 – 01.04:Correction is nearing completion. The pair is likely to decline.
Estimated pivot point is at the level of 113.84.
Our opinion: Sell the pair from correction below the level of 113.84 with the targets of 107.00 – 106.60.
Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00.
Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that the upward correction as the fourth wave (iv) of iii, which has taken a shape of a triangle, has completed. The fifth wave (v) of iii, is being developed, within which one-two wave of the junior level i of (v) has been formed. If this assumption is correct, in the near future the pair will continue to decline 106.60. Critical level for this scenario is 113.84.
USD/СAD: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to grow.
Estimated pivot point is at the level of 1.2914.
Our opinion: Buy the pair from correction above the level of 1.2914 with the target of 1.38.
Alternative scenario: Breakdown and consolidation of the price below the level of 1.2914 will enable the pair to continue decline to 1.2658.
Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment, it is likely that the upward correction is being developed as the wave B, within which the first wave a of B as an impetus is being developed. If this assumption is correct, in the short-term the pair will continue to rise to 1.38 – 1.40. Critical level for this scenario is 1.2914.
EUR/USD: Wave analysis and forecast for 18.03 – 25.03: The pair is likely to decline within correction.
Estimated pivot point is at the level of 1.1350.
Our opinion: Sell the pair from correction below the level of 1.13501.0820 with the target of 1.1050 – 1.0820. In case of breakout of the level of 1.1350, buy with the target of 1.15 – 1.16.
Alternative scenario: Breakout and consolidation of the price above the level of 1.1350 will allow the pair to continue the rise up to 1.15 – 1.16.
Analysis: Presumably, the formation of the fifth wave (v) of i of 3 has completed. Locally it is likely that the correction has begun as the wave ii of 3. If this assumption is correct, the pair can decline to 1.1050 – 1.0820. Critical level for this scenario is 1.1350. Breakout of this level will trigger the rise in the pair to 1.15 – 1.16.
GBP/USD: Wave analysis and forecast for 18.03 – 25.03:Correction is nearing completion.
Estimated pivot point is at the level of 1.4115.
Our opinion: In the short-term: buy the pair above the level of 1.4218 with the target of 1.4690. In the medium-term: wait for the completion of the impetus and sell below the level of 1.47 with the target of 1.40 – 1.34.
Alternative scenario: Breakout and consolidation of the price below the level of 1.4218 will enable the pair to continue decline to the level of 1.34.
Analysis: Presumably, the formation of the upward correction as the fourth wave 4 of the senior level is nearing completion. It is assumed that a zigzag with the irregular plane has been formed in the wave b of 4. Locally, it seems that the wave с of 4 is being formed, within which the impetus is being developed. If this assumption is correct, in the short-term the pair can first rise to 1.4690, and then reverse and decline in the fifth wave of senior level. Critical level for this scenario is 1.4218.
USD/CHF: Wave analysis and forecast for 18.03 – 25.03:Downtrend continues.
Estimated pivot point is at the level of 0.9912.
Our opinion: Sell the pair from correction below the level of 0.9912 with the target of 0.95 – 0.9470.
Alternative scenario: Breakout and consolidation of the price above the level of 0.9912 will allow the pair to continue the rise up to the level of 1.0130 - 1.02.
Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed, within which impetus is being formed. If this assumption is correct, the pair will continue to decline to 0.95. Critical level for this scenario is 0.9912.
USD/JPY: Wave analysis and forecast for 18.03 – 25.03:Downtrend continues.
Estimated pivot point is at the level of 113.84.
Our opinion: Sell the pair from correction below the level of 113.84 with the targets of 107.00 – 106.60.
Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00.
Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that the upward correction has completed as the fourth wave (iv) of iii, which has taken a shape of a triangle. The fifth wave (v) of iii is being developed within which one-two impetus of the junior level is being formed. If this assumption is correct, the pair will continue to decline to 106.60. Critical level for this scenario is 113.84.
USD/СAD: Wave analysis and forecast for 18.03 – 25.03:Downtrend dominates.
Estimated pivot point is at the level of 1.3396.
Our opinion: Wait for the completion of correction and sell the pair below the level of 1.3396 with the target of 1.28.
Alternative scenario: Breakdown and consolidation of the price above the level of 1.3396 will enable the pair to continue the rise up to 1.3950.
Analysis: The decline in the pair continues and it seems that the zigzag will gradually turn into impetus. Locally it is likely that the third wave is nearing completion and upward correction as the fourth wave might develop. If this assumption is correct, after the completion of the correction the pair will continue to decline to 1.28. Critical level for this scenario is 1.3396.
EUR/USD: Wave analysis and forecast for 11.03 – 18.03: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: Presumably, the formation of the fifth wave (v) of I continues. Locally it is likely that the third wave of the junior level iii of (v) has formed as a momentum and correction is being formed as the fourth wave iv. If this assumption is correct, after completion of the correction the pair can go up to 1.1500 in the fifth wave v of (v). Critical level for this scenario is 1.0820.
GBP/USD: Wave analysis and forecast for 11.03 – 18.03: The pair is undergoing correction. The rise in the pair is possible.
Estimated pivot point is at the level of 1.4115.
Our opinion: Sell the pair from correction above the level of 1.4115 with the targets of 1.45 – 1.4690.
Alternative scenario: Breakout and consolidation of the price below the level of 1.4115 will enable the pair to continue decline to the level of 1.3835.
Analysis: Presumably, the formation of the downward impetus has completed in the third wave 3 of the senior level. At the moment it seems that upward correction is being developed as the fourth wave, within which a zigzag abc is being developed. If this assumption is correct, the pair will continue to rise up to 1.45 – 1.46.
USD/CHF: Wave analysis and forecast for 11.03 – 18.03:Downtrend continues.
Estimated pivot point is at the level of 1.0089.
Our opinion: Sell the pair from correction below the level of 1.0089 with the target of 0.95.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0089 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 likely that upward correction has completed as the second wave of the junior level (ii) of iii and one-two wave i of (iii) of the junior level is developing. If this assumption is correct, after the completion of the local correction ii, the pair will continue to decline to 0.95 within the third wave (iii). Critical level for this scenario is 1.0089.
USD/JPY: Wave analysis and forecast for 11.03 – 18.03: The pair is likely to decline.
Estimated pivot point is at the level of 114.55.
Our opinion: Sell the pair from correction below the level of 114.55 with the targets of 108.00 – 107.00.
Alternative scenario: Breakout and consolidation of the price above the level of 114.55 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 the upward correction has completed as the fourth wave (iv) of iii, which is likely to take a shape of a double triple wxy and the fifth wave (v) is being developed. If this assumption is correct, the pair will continue to decline to 108.00 – 107.00. Critical level for this scenario is 114.55.
USD/СAD: Wave analysis and forecast for 11.03 – 18.03:Downtrend dominates.
Estimated pivot point is at the level of 1.3450.
Our opinion: Sell the pair from correction below the level of 1.3450 with the targets of 1.3054.
Alternative scenario: Breakdown and consolidation of the price above the level of 1.3450 will enable the pair to continue the rise up to 1.3850 – 1.3950.
Analysis: Presumably, the formation of the downward zigzag continues in the first wave of the large “bearish” correction. Locally, it seems that the wave is being formed from a zigzag as an impetus, within which the fifth wave (v) of c. iii is being formed. If this assumption is true, the pair will continue to decline to 1.3054. Critical level for this scenario is 1.3450.
