EUR USD, “Euro vs US Dollar”
It looks like the EUR/USD pair finished the wave [a] or [w] and, as a result, resumed falling. Possibly, the wave (i) is taking the form of the wedge. To confirm a new decline, the market has to complete the above mentioned pattern.
More detailed structure is shown on the H1 chart. It’s highly likely that the pair is finishing the correctional wave iv in the wave (i). Later, the price may form the bearish wave v of (i).
GBP USD, “Great Britain Pound vs US Dollar”
It’s highly likely 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).
As we can see at the H1 chart, yesterday the pair completed the wave [v] of 1. Consequently, in the nearest future the market may form the correctional wave 2, which may take the form of the zigzag.
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, in the future the market may continue growing in the wave (iii).
At the H1 chart, the price completed the ascending impulse in the wave  and then started a new correction. Possibly, the wave  was finished as well. As a result, the price may start a new growth. On the shorter timeframe, the market formed the bullish impulse in the wave (1), thus confirming a new ascending movement.
AUD USD, “Australian Dollar vs US Dollar”
Probably, the AUD/USD pair completed 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 finished the impulse in the wave c of (y) and right now is falling in the wave (i). During the next several days, the market may continue forming this wave: form the wave v of (i) and break the previous low.
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.