EUR USD, “Euro vs US Dollar”
The EUR/USD pair continues growing in the ascending impulse c of (y). 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 test the upside border of the channel. If the price rebounds from it, the pair may start a new correction.
As we can see at the H1 chart, the pair finished the zigzag in the wave (Y) of . At the moment, the price may yet continue growing inside the wave (4) and forming the bullish impulse in the wave .
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).
At the H1 chart, the pair completed the wave [v] of 1. Consequently, later the market may continue forming the correctional wave 2, which may take the form of the zigzag. On the shorter timeframe, the price may continue forming the bullish impulse in the wave [c].
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 Wednesday the price may continue growing and break previous highs.
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.