EUR USD, “Euro vs US Dollar”
It’s highly likely that last week the EUR/USD pair completed the wave [a] or [w] with the diagonal triangle of c inside it. However, to confirm a new decline, the market has to form the bearish impulse in the wave i.
At the H1 chart, the pair is 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”
Possibly, after completing the zigzag in the wave (4), the GBP/USD pair started falling in the wave (5). If this assumption is correct, then the price may complete the correction and then continue moving downwards in the wave [iii] of 3 of (5).
More detailed structure is shown on the H1 chart. The pair completed the diagonal triangle in the wave [c] of 2 and, as a result, started falling quickly. Probably, the price formed 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  and started a new correction. Later, after finishing the wave , the market may continue growing and break the local high.
AUD USD, “Australian Dollar vs US Dollar”
Probably, 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 [iii].
At the H1 chart, the pair the descending impulse in the wave i of (i). In the future, after completing the correctional wave ii, the price may start falling and forming the bearish impulse 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.