Currency pair EUR/USD
Scenario of marking with completion of wave
(ii) as
double three is kept in force. Earlier, after completion of wave
[ii], we got rush descending impulse in wave
(i). So in the short term, beginning of market descending in wave
(iii) of [iii] is possible.
More detailed marking is shown on 1 hour chart. Apparently, descending impulse in wave
i of (iii) is developing. On younger wave level, wave
[4] was completed, but after that descending
zigzag was formed that indicates on possibility of formation of
diagonal triangle in wave
[5] of i.
Currency pair GBP/USD
Supposedly, wave
5 for Pound taking the look of
diagonal triangle, within which the pair descending in the third wave is beginning. So, soon resuming of market drop and breakage of wave
[i] minimum are possible.
As it shown on marking of 1 hour chart, wave
[ii] took the look of
double zigzag. Subsequently, on younger wave level, wave
i was formed. Because wave
ii may be deemed as completed, so soon market descending in wave
iii of (i) is possible.
Currency pair USD/JPY
Apparently, for Japanese Yen formation of ascending impulse in wave
(i) is continuing. Earlier, descending impulse in wave
[v] was completed, within which the fifth wave turned out to be
cut. It is quite likely, in the short term we will see further ascending of quotation in wave
iii of (i).
On 1 hour chart, after completion of wave
[v] we got strong bullish impulse in wave
i. It is not excluded, that formation of
stretching in wave
iii is beginning. If proposition is true, then soon growth of the pair in wave
[3] of iii is possible.
Currency pair AUD/USD
AUS Dollar began to descend confirming possibility of wave
[ii] completion as
double zigzag. It is quite likely, in the short term we will see further descending of market in wave
(i) of [iii].
As it shown on more detailed marking of 1 hour chart, after completion of wave
(y) of [ii], descending impulse in wave
i was formed and corrected further by the second wave. So in the short term further descending of market in wave
iii of (i) is possible.