Currency pair USD/CHF
As a whole the idea of wave structure which was considered in February remained without changes. Development of a large correctional wave [X] of z which will probably take the form of a horizontal Triangle or other kind of a Corrective Combination presumably proceeds. Within the limits of this scenario formation of impulse A or 1 of (C) presumably comes to the end. If it so it is possible, in March develops a certain correctional structure of wave B or 2 of With.
Currency pair EUR/USD
The euro as remains within the limits of the forecast for February. Development of a large correctional wave [X] of z which will probably take the form of a horizontal Triangle or other kind of a Corrective Combination presumably proceeds. Within the limits of this scenario formation of impulse A or 1 of (C) presumably comes to the end. If it so it is possible, in March develops a certain correctional structure of wave B or 2 of With.
Currency pair GBP/USD
The cable has confirmed expectations of February assumptions. Probably, formation of wave A of (B) within the limits of development of a correctional wave [Y] x. Eсли, the assumption, truly March will be devoted formation of correctional structure B of (B) now comes to an end.
Currency pair USD/JPY
Presumably development of a wave 5 of (C) of [3] which proceeds becomes a Diagonal Triangle. At smaller level the wave [x] of 5 is probably already generated and the price has already started formation of the next Zigzag [y] of 5. If the assumption, truly, in March it is possible to expect formation of a correctional wave (b) of [v], after which termination of steam will continue decrease as wave formation () of [y] of 5.
Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee
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