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Friday, 25 March 2016 16:57 Written by

Wave analysis and forecast for 25.03.2016 – 01.04.2016 by LiteForex

 

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.

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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.

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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.

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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.

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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.

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Source: http://www.liteforex.com/

Read 223 times Last modified on Friday, 25 March 2016 16:57

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