EUR USD, “Euro vs US Dollar”
Probably, the EUR/UDS pair completed forming the wave [ii]. Earlier, the price finished the double zigzag in the wave 2 and then started falling in the wave [i], As a result, during the next several days the market may fall in the wave [iii].
More detailed structure of the current decline is shown on the H1 chart. It looks like the pair probably completed the wave [ii] in the form of the double zigzag. It’s highly likely that later the market may form the extension in the wave (iii) of [iii].
GBP USD, “Great Britain Pound vs US Dollar”
It looks like the GBP/USD pair is forming the ascending impulse in the wave C of (4). Earlier, the price competed the zigzag in the wave B. In the nearest future, the market may continue growing in the wave [iii] of C.
At the H1 chart, the wave (iv) is probably taking the form of the horizontal triangle. Consequently, in the nearest future the market may continue consolidating and then grow in the wave (v) of [iii].
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still forming the descending impulse in the wave [c) of [y] of the double zigzag 2. During the next several days, the market may continue moving downwards and break the low.
As we can see at the H1 chart, the wave iv took the form of the zigzag with the triangle [B] inside As a result, in the nearest future the market may fall while forming the wave v of (c).
AUD USD, “Australian Dollar vs US Dollar”
After completing the zigzag in the wave [e] of 4, the AUD/USD pair finished the descending impulse in the wave [i] and the correctional wave [ii]. During the next several days, the market may continue its decline.
At the H1 chart, the pair formed several possible first wave in the wave [iii]. Consequently, in the nearest future the market may move downwards 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.