EUR/USD
It is not improbable that the
triangular within the wave
(В) has been completed. Apparently, the wave
E has become a double zigzag with a triangular in the wave
[x]. Correspondingly, it is possible that a descending impulse forms within the wave
[i] afterwards, and this will confirm further declining of the market.
Admittedly, the day before a wave
(i) was formed which was later corrected by the second wave. Correspondingly, in the near-term the market can decline within the wave
(iii).
GBP/USD
It seems that the pound has formed a
zigzag within the wave
(y). If a bearish impulse is formed in the future within the wave
(i), a new round of falling towards this month’s lows will be possible.
Admittedly, on 1-H chart a descending
wedge is forming within the wave
i. If we see a rebound from the lower range limit afterwards, a local correction will be possible. In the future, when the wave
ii is completed, we might see the pair falling further within the wave
iii.
USD/JPY
Despite the current rise, a scenario with a
diagonal triangular forming within the wave
[v] of C is still in force. There is a strong probability that soon we will see how the wave
(ii) has been completed. And this might afterwards turn out as a continuation of declining of the pair within the wave
(iii).
A more detailed analysis can be found on the 1-H chart. Admittedly, a
zigzag was formed within the wave
x, which lead to the current price rise. In the near-term we might see a bullish
zigzag within the wave
y of (ii).
AUD/USD
The bearish marking is still in force. Appearingly, the wave
(ii) has been completed, and it has corrected a
wedge within the wave
(i). Thus, it is possible that afterwards the price will decline within the wave
(iii).
As we can see on 1-H chart, a
plane was formed within the wave
(ii). Most probably, we are at the beginning of a bearish impulse in the wave
i. If this impulse is completed successfully, this might be deemed as confirmation of declining within the wave
(iii).