Pair EUR/USD
As it was expected, Euro-Dollar pair started correction. Probably, the bullish impulse in the wave
(a) is developing, which may be completed during the day. Later the local correction – the wave
(b) – is possible.
On the 1 hour chart the more detailed marks are shown. Apparently, the fourth wave is completing in the wave
(a). During the day, the resuming of growth in the wave
v of (a) and breakage of yesterday maximum are possible.
Pair GBP/USD
The Pound mark was corrected. Apparently, the elongation in the wave
3 was completed at the week’s beginning. Nowadays, the correcting wave
4 is being forming and taking the look of simple
zigzag.
On the 1 hour chart is shown that the fourth wave is about to complete in the wave
[a]. Earlier, the bullish
stretching in the wave
(iii) was completed. In the short term, the growth in the wave
(v) of [a] is possible and later – the beginning of downward correction.
Pair USD/JPY
Supposedly, the
horizontal triangle is being forming in the wave
[iv] in the framework of impulse wave
C. Probably, in the nearest future the current flat will be proceeded, but later the resuming of sliding in the wave
[v] of C is possible.
On the 1 hour chart in the
triangle, the downward
zigzag in the wave
(d) is being formed. The continuation of the local correction – wave
b – is possible, later – declining of the market in the wave
c of (d).
Pair AUD/USD
It is quite likely, that Ausse correction that is being forming and now up to the senior wave level. Supposedly, developing wave
4 is taking the look of
double zigzag where the impulse in the wave
(c) of [y] is about to complete.
The more detailed marks is on the 1 hour chart. Probably, in the wave
(c), the stretching in the wave iii is being completing. In the short term, the developing of local correction is possible, and later – the beginning of the flow in the wave
v of (c).