EUR USD, “Euro vs US Dollar”
Probably, yesterday the EUR/USD pair completed the fifth wave in the ascending wedge [a]. Consequently, in the nearest future the market may fall in the wave (a) of [b].
At the H1 chart, the pair probably completed the descending impulse in the wave i and the correctional wave ii. As a result, on Tuesday the market may start forming the bearish impulse in the wave iii, which may be extended.
GBP USD, “Great Britain Pound vs US Dollar”
It looks like the GBP/USD pair is 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 continue growing in the wave [iii] of C.
It’s highly likely that the wave (iv) took the form of the horizontal triangle, which means that the pair may start a short-term growth in the wave (v) of [iii]. However, considering that the wave (iii) was pretty fast, the impulse in the wave (v) may be truncated.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair finished the descending impulse [c) and the entire zigzag [y] of 2. During the next several hours, the market may move upwards in the wave (i) of [i]. To confirm a new growth, the price has to complete this wave.
More detailed structure is shown on the H1 chart. It looks like the pair is extending the wave  of iii. In the nearest future, the market may be corrected, but later the price is expected to resume growing in the wave  of iii of (i).
AUD USD, “Australian Dollar vs US Dollar”
After completing the zigzag in the wave [e] of 4, the AUD/USD pair finished the descending impulse in the wave [i] and the correctional wave [ii]. In the future, the market may continue its decline in the wave (iii) of [iii].
As we can see at the H1 chart, the wave (ii) took the form of the zigzag and was followed by the impulse in the wave i. It’s highly likely that during the next several days the market may move downwards in the wave iii 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.