EUR USD, “Euro vs US Dollar”
Probably, the EUR/USD pair is about to finish the diagonal triangle in the wave [a]. If the market stays below the pattern’s downside border, the price may start falling in the wave (a) of [b].
It’s highly likely that last Friday the pair completed the ascending wave v of (v). Earlier, the price finished the extension in the wave iii. Possibly, on Monday the market may complete the local correction and start falling in the wave iii of (a).
GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, The GBP/USD pair is about to complete the extension in the wave [iii] of C. Later, the market may start falling in the correctional wave [iv].
More detailed structure is shown on the H1 chart. Probably, the pair finished the wave (v). Consequently, after completing the wave ii, the price may form the bearish impulse in the wave iii.
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.
As we can see at the H1 chart, the pair is finishing the extension in the wave  of iii. In the future, the price may yet reach a new local high, but later the market is expected to start the correctional wave .
AUD USD, “Australian Dollar vs US Dollar”
Possibly, the AUD/USD pair is still forming the wave [ii] in the form of the flat. As a result, during the next several hours the market may form the ascending impulse in the wave (c) of [ii] and then resume moving downwards in the wave (i) of [iii].
At the H1 chart, the pair formed the zigzag in the wave (b). On Monday, the price may continue forming the third wave in the bullish impulse (c).
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.