EUR USD, “Euro vs US Dollar”
Probably, the EUR/USD pair formed the wedge in the wave [i]. As a result, during the next several days the market may form the wave [ii] in the form of the zigzag. On a shorter timeframe, after finishing the wave (a), the price may start forming the correctional wave (b).
At the H1 chart, the pair formed the ascending impulse in the wave (a). in the nearest future the market may form the zigzag in the wave (b) and then break the local high while forming the wave (c) of [ii].
GBP USD, “Great Britain Pound vs US Dollar”
Possibly, the GBP/USD pair completed the triangle in the wave (iv) of [iii]. In this case, the price may resume falling in the wave (v) and break the local lows. However, after finishing the wave (v), the market may start forming a long consolidation range in the wave [iv].
More detailed structure of the impulse in the wave i is shown on the H1 chart. It’s highly likely that in the nearest future the market may start falling in the wave  and, as a result, break the low.
USD JPY, “US Dollar vs Japanese Yen”
Probably, after finishing the impulse in the wave 1, the USD/JPY pair formed the zigzag in the wave 2. Taking into account that the bullish impulse in the wave [i] was completed as well, during the next several days the market may grow the wave [iii] of 3.
As we can see at the H1 chart, after finishing the impulse in the wave (i), the pair completed the flat in the wave (ii). As a result, the market may start a new growth in the wave (iii) of [iii].
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair completed the zigzag [e] of 4 with the diagonal triangle (c) inside it. Consequently, to confirm a new decline, later the price has to form the descending impulse in the wave (i).
It looks like the pair completed the diagonal triangle in the wave (c) of [e] and right now is forming another descending impulse. As a result, on Monday the price may continue moving downwards in the wave iii of (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.