Currency pair EUR/USD
Apparently, formation of corrected wave (
ii) is continuing as
double three. In the short terms, completion of wave
y is possible that may result in the beginning of the pair descending in the third wave.
On 1 hour chart, more detailed marking of current price movement is shown. Supposedly,
double zigzag in wave
y of (ii) is about to be finished. Formation of descending impulse will confirm resuming of the pair descending.
Currency pair GBP/USD
For Pound-US Dollar, formation of diagonal
triangle is continued, in the frameworks of which the second wave is about to be finished. So, in the short terms resuming of descend in wave
[iii] is possible.
It is seen on 1 hour char that wave
[ii] takes the look of
double zigzag In the short terms, completion of wave
с of (с) is possible that will indicate the possibility of the beginning of formation of wave
i of (iii).
Currency pair USD/JPY
Formation of wave
(i) is continued. Earlier, descending impulse in wave
[v] was formed. Then, in the short term further formation of ascending impulse is possible.
On 1 hour chart, after completion of wave
ii, ascending impulse in wave
[1] was formed. So, upon completion of local correction the beginning of the pair growth in wave
[3] of iii is possible.
Currency pair AUD/USD
Form of completed wave
[ii] is still quite difficult - maybe is
double zigzag. Formation of bearish impulse in wave
(i) will confirm the beginning of the pair descending.
On 1 hour chart, continuation of impulse wave
с of (y) is still possible. Upon its completion, we will get descending impulse in wave
i and market returning to descending and formation of new minimums will be possible.