Currency pair EUR/USD
It appears that for Euro-US Dollar pair we would see a completed
triangle in the wave
E of (B) quite soon. On the smaller wave level we might see further development of the wave
[e]. If there was a bouncing from the upper boundary of this model, then we would be able to think about possible market descending within the wave
[i].
We can see more details on 1 hour chart. It is quite possible that within the wave
[e] we would see the end of the wave
(b) in the nearest time. Consequently, in the short term perspective we might expect local price ascending in the wave
(c) of [e].
Currency pair GBP/USD
When descending impulse in the wave
(i) has been formed there was a very beginning of a new upwards correction. There is a good chance that for wave
(ii) we would see further development on Friday, while on the next week we expect market to decline within the wave
(iii).
More details can be learned from 1 hour chart. We are not ruling out a chance that in the wave
b there
triangle is being formed. In case the wave would be ended successfully we might see short term upward movement in the wave
c of (ii).
Currency pair USD/JPY
The drawing with
diagonal triangle in the wave
[v] of C is still in place. Consequently, we might expect further market descending within the wave
(iii) of [v].
More details are given on the 1 hour chart. When
zigzag has been finished in the wave
x, we saw downwards impulse within the wave
[A] corrected by wave
[B]. So in the nearest days we might see further market descending within the wave
[C].
Currency pair AUD/USD
Nothing has been changed for Aussie since there is still a chance for the pair to descend within the wave
(iii). Earlier we have seen the
wedge in the wave
(i), which has been corrected by flat shape figure in the wave
(ii). Afterward, it is quite possible that we would see further downward market movement within the third wave.
On 1 hour chart we saw a downward impulse within the wave
i, which has triggered correction. It appears that wave
ii is getting the shape of
zigzag (after the wave
[C] was ended), and we might see a new iteration of market downward movement within the wave
iii of (iii).