EUR USD, “Euro vs US Dollar”
It looks like last week the EUR/USD pair completed the wave [a] or [w]. On a shorter timeframe, the price finished the diagonal triangle in the wave  of c. In the meantime, to confirm a new decline, the market has to form the bearish impulse in the wave i.
At the H1 chart, the pair is still forming the fourth wave in the descending impulse i. However, in the nearest future the market may resume falling in the wave  of i.
GBP USD, “Great Britain Pound vs US Dollar”
It’s highly likely that after completing the zigzag in the wave (4), the GBP/USD pair started falling in the wave (5). As a result, after finishing the correction, the price may continue moving downwards in the wave [iii] of 3 of (5).
More detailed structure is shown on the H1 chart. The pair may yet continue forming the correctional wave [ii] of 3. Earlier, the price completed the diagonal triangle in the wave [c] of 2 and the impulse in the wave [i] of 3. Later, after finishing the correction, the market may resume moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
It’s highly likely that after finishing the ascending impulse in the wave (i), the USD/JPY pair completed the wave (ii) at the end of the last week. Consequently, later the market may resume growing in the wave (iii).
As we can see at the H1 the price completed the wedge in the wave  along with the wave , and then resumed growing. On Tuesday, the pair may continue forming the wave .
AUD USD, “Australian Dollar vs US Dollar”
Probably, the AUD/USD pair is about to complete the wave (y) in the double zigzag[ii]. To confirm a new decline, the price has to form the bearish impulse in the wave (i) of [iii].
At the H1 chart, the pair resumed growing, which means that it may continue forming the wave c of (ii). After completing this impulse, the price may try to reverse and start falling in the wave (i).
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.