EUR USD, “Euro vs US Dollar”
The EUR/USD pair reached the upside border of the ascending channel. It’s highly likely that the price is about to finish the bullish impulse in the wave  of c. As a result, in the nearest future the market may rebound from the border of the channel and start a new decline.
As we can see at the H1 chart, the pair finished the zigzag in the wave (Y) of . At the moment, the price is completing the fifth wave in the bullish impulse . Consequently, the market may reverse soon.
GBP USD, “Great Britain Pound vs US Dollar”
It’s highly likely that the GBP/USD pair is falling in the wave (5) and finished the wedge, which may be the wave 1. As a result, in the nearest future the price may complete the correction and start a new decline in the wave 3 of (5). To confirm this scenario, the market has to form the impulse in the wave [i].
At the H1 chart, the pair completed the wave [v] of 1 and right now is finishing the correctional wave 2, which may take the form of the zigzag. On the shorter timeframe, the price probably finished the impulse in the wave [c] and may start falling in the wave (i) during the day.
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). Consequently, in the future the market may continue growing in the wave (iii).
At the H1 chart, the price probably completed the wave  and, as a result, resumed growing. On the shorter timeframe, the market formed the bullish impulse in the wave (1). In the nearest future, the price may continue forming the extension in the wave (3) of .
AUD USD, “Australian Dollar vs US Dollar”
Probably, the AUD/USD pair is about to complete the wave (y) and the entire 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 is still growing in the wave (y) of [ii]. On the shorter timeframe, the market is forming the ascending impulse in the wave c. As a result, on Thursday the price may complete this wave and reverse to the downside.
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.