Flat | 16 March 2018

Wave Analysis:

The corrective wave (2) is still few points below the daily support 0.6815 despite the previous forecast that it should rise above it. As long s the price remains below 0.6815, we choose to remain flat, our expectations is that the price should get above 0.6815 to give us a a clear buy position towards 3.2898 or even higher. The anticipated bullish price rally will be the continuation of the impulsive wave (3) to the upper side with an ultimate target at 5.000. If the price should again break below 0.5665, then this will act as a possible confirmation that we're bearish with our target still fixed at 0.2425.

Trade Recommendations:

Flat

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.