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 formed the horizontal triangle in the wave . At the moment, the price is completing the bearish wave i. After finishing this wave, the market may start a new ascending correction.
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. After completing the diagonal triangle in the wave [c] of 2 and the impulse in the wave [i] of 3, the pair finished the wave [ii] 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 chart, the price completed the double zigzag in the wave (ii). On Thursday, the pair may continue forming the wave , which may later be followed by a new correction.
AUD USD, “Australian Dollar vs US Dollar”
Probably, yesterday the AUD/USD pair completed 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 finished the impulse in the wave c of (y) and right now is forming the descending wave (i), which may continue during the day.
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.