ADVERTISEMENT



Wave analysis and forecast for 11.03.2016 – 18.03.2016 by Lite Forex

 

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.

liteforex12032016 1

liteforex12032016 2


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.

liteforex12032016 3

liteforex12032016 4

 


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.

liteforex12032016 5

liteforex12032016 6


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.

liteforex12032016 7

liteforex12032016 8

 

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.

liteforex12032016 9

liteforex12032016 10

 

Source: http://www.liteforex.com/

Read 884 times

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Newsletter Subscription Form

You are more than welcome to subscribe to our Newsletter and be among the first who get to hear about regular updates on forex and other related news, brokers' updates, websites' changes and more!
I agree with the Terms and conditions and the Privacy policy
Thank you!