EUR USD, “Euro vs US Dollar”
At the H4 chart, the EUR/USD pair finished the descending impulse in the wave [i]. Earlier, the price completed the wave 2 in the form of the double zigzag. Consequently, after finishing the local correction, the market may start a new decline in the wave [iii] of 3.
More detailed structure of the impulse in the wave [i] is shown on the M30 chart. Yesterday, the pair completed the diagonal triangle in the wave (v) of [i] and then formed the bullish impulse in the wave (a). Consequently, in the nearest future the market may start a new ascending movement in the wave [ii], which may take the form of the zigzag.
GBP USD, “Great Britain Pound vs US Dollar”
After completing the horizontal triangle in the wave (iv), the GBP/USD pair formed the bearish impulse in the wave i. As a result, after completing the wave ii, the price may start a new decline and form the impulse in the wave iii of (v).
As we can see at the H1 chart, the wave ii took the form of the zigzag with the triangle [B] inside it. On Wednesday, the pair may complete the wave  and start another decline in the wave  of iii.
USD JPY, “US Dollar vs Japanese Yen”
In case of the USD/JPY pair, the price continues forming the wave 2, which is taking the form of the double zigzag. Right now, the price is forming the descending impulse in the wave (c) of [y]. As a result, on Wednesday the market may break the low of the wave (a).
At the H1 chart, the pair is about to complete the second wave in the wave (c) of [y]. To confirm a new decline, the market has to form the bearish impulse in the wave iii of (c).
AUD USD, “Australian Dollar vs US Dollar”
After rebounding from the upside border of the horizontal triangle in the wave 4, the AUD/USD pair formed the descending wave (i) and the correctional wave (ii). In the future, the market may continue falling in the wave (iii).
More detailed structure is shown on the H1 chart. The wave (i) took the form of the wedge. Possibly, the pair is finishing the second wave in the extended wave (iii). Consequently, later the market is expected to continue falling in the wave iii of (iii).
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.