EUR USD, “Euro vs US Dollar”
Probably, the EUR/USD pair is about to finish the diagonal triangle in the wave [a] and may test the pattern’s upside border once again. If the market rebounds from it, the price may start falling in the wave (a) of [b].
More detailed structure is shown on the H1 chart. On Thursday, the pair may complete the wave v of (v) and reach a new local high. Later, the market may start falling in the wave (a).
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still 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 finish the wave [iii] of C and start a new correction.
As we can see at the H1 chart, the pair broke the high of the wave (iii) while forming the wave (v). Earlier, the price finished the horizontal triangle in the wave (iv). Consequently, in the nearest future the market may be corrected to the downside in the wave [iv].
USD JPY, “US Dollar vs Japanese Yen”
After completing the double zigzag in the wave 2, the USD/JPY pair resumed growing. It looks like right now the price is forming the bullish impulse in the wave (i). During the next several days, the market may continue its growth accompanied by local corrections.
At the H1 chart, the pair is about to completed the extension in the wave  of iii. After finishing the local correction, the market is expected to continue moving upwards. As a result, during this week the price may continue forming the wave iii of (i).
AUD USD, “Australian Dollar vs US Dollar”
After completing the horizontal triangle in the wave 4, the AUD/USD pair finished waves [i] and [ii] and resumed falling. In the future, the market may move downwards in the wave (iii) of [iii].
More detailed structure is shown on the H1 chart. It looks like pair is about to complete the correctional wave  inside the extended third wave. Consequently, later the market may form another bearish impulse in the wave 5 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.