EUR/USD Wave analysis and forecast of 29.05 – 05.06: The pair is likely to grow.
Estimated pivot point is at a level of 1.0814.
Our opinion: Buy the pair from correction above the level of 1.0814 with the target of 1.15 – 1.16. 1.1465.
Alternative scenario: Breakout of the level of 1.0814 and consolidation below this level will enable the price the decline to 1.05.
Analysis: Presumably, the formation of the bearish correction as the fourth wave, which has a shape of the zigzag, has completed. At the moment it is likely that the reversal and the first wave of the junior level are being developed. If this assumption is correct and the price does not break down the critical level of 1.0814 the pair will continue to rise up to 1.15 – 1.16 in the fifth wave.
GBP/USD Wave analysis and forecast of 29.05 – 05.06: It is expected that the pair will grow.
Estimated pivot point is at a level of 1.5254.
Our opinion: Sell the pair above the level of 1.5388 with the target of 1.57 – 1.58.
Alternative scenario: Consolidation of the price below the level of 1.5254 will enable the pair to continue decline to 1.5190 – 1.5044.
Analysis: Presumably, the formation of the “bearish” correction in the wave B, which has a shape of the zigzag, has completed. At the moment, it is assumed that the reversal is being formed as well as the first one-two wave of the junior level. If this assumption is correct and the price will not fall below the level of 1.5254, the pair can rise up to 1.57 – 1.58.
AUD/USD Wave analysis and forecast of 29.05 – 05.06: Correction has completed; the pair is likely to grow.
Estimated pivot point is at a level of 0.7761.
Our opinion: Buy the pair after breakdown of the level of 0.7761 with the target of 0.7930 – 0.8160.
Alternative scenario: Breakout and consolidation of the price below the level of 0.7529 will enable the pair to continue decline to 0.74 – 0.73 in the long-term bearish trend.
Analysis: The Australian dollar continues to decline within the “bearish” correction in the supposed wave 2, which took a shape of the irregular plane with the extended wave c of 2. Locally, it is assumed that the final wave c of 2 is nearing completion and impetus is being formed within it. The price has reached estimated level of 62% - 0.7740. If this assumption is correct and the price does not break down the critical level of 0.7530, the pair can reverse and the go up.
USD/JPY Wave analysis and forecast of 29.05 – 05.06: Uptrend continues.
Estimated pivot point is at a level of 122.50.
Our opinion: Buy the pair above the level of 122.50 with the target of 125.20.
Alternative scenario: Breakout and consolidation of the price below the level of 122.50 will enable the pair to continue decline to 120.00.
Analysis: Presumably, the formation of the bullish impetus continues in the fifth wave. Locally, it is likely that the third wave iii of 5 has completed and the local correction iv is being formed. If this assumption is correct after the completion of the wave the pair can continue to rise up to 125.20. Critical level for this scenario is 122.50. Breakdown of this level will enable the pair to continue decline to 120.00. 
USD/СAD Wave analysis and forecast of for 29.05 – 05.06: Uptrend continues.
Estimated pivot point is at a level of 1.2357.
Our opinion: Buy the pair from correction above the level of 1.2357 with the target of 1.2655.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2357 will enable the pair to continue to decline to 1.22 – 1.21.
Analysis: Presumably, the formation of the “bullish” impetus continues in the first wave within the fifth senior level. Locally, it seems that the third wave (iii) of i of 5 ahs completed and the local correction (iv) is being formed. If this assumption is correction, after its completion it makes sense to expect that the pair will continue the rise up to 1.2655. Critical level for this scenario is 1.2357. Breakdown of this level will enable the decline in the pair to 1.22 – 1.21.
EUR/USD Wave analysis and forecast of 22.05 – 29.05: The pair is likely to decline a part of the correction.
Estimated pivot point is at a level of 1.1465.
Our opinion: Sell the pair from correction below the level of 1.1465 with the target of 1.10 – 1.09.
Alternative scenario: Breakout of the level of 1.1465 and consolidation above this level will enable the price to grow up to 1.15 – 1.16.
Analysis: The formation of the third wave iii of the senior level has completed. At the moment it seems that the correction is being formed as the fourth wave iv. Locally, the “bearish” impetus as the wave (a) of iv has completed. If this assumption is correct, the pair can grow in the wave (b) for a short time and then continue to decline to 1.0880 in the wave (c) of iv. Critical level for this scenario is 1.1465.
GBP/USD Wave analysis and forecast of 22.05 – 29.05: The pair is likely to decline as part of the correction.
Estimated pivot point is at a level of 1.5816.
Our opinion: Sell the pair from correction below the level of 1.5816 with the target of 1.5345 – 1.52.
Alternative scenario: Consolidation of the price above the level of 1.5816 will enable the rise in price to 1.59 – 1.60.
Analysis: Presumably, the formation of the “bullish” impetus has completed in the wave A. At the moment it seems that the “bearish” correction in the wave B is being formed. Locally it is likely that the formation of the first wave of the correction a of B has completed and the wave b of B is being developed. If this assumption is correct, after its completion we can expect another downward surge up to 1.5345 – 1.52 in the wave с of B. Critical level for this scenario is 1.5816.
AUD/USD Wave analysis and forecast of 22.05 – 29.05: Uptrend continues.
Estimated pivot point is at a level of 0.8158.
Our opinion: Sell the pair from correction below the level of 0.8158 with the target of 0.7740. If the level of 0.8158 is broken down, buy the pair with the target of 0.83 – 0.84.
Alternative scenario: Breakout and consolidation of the price above the level of 0.8158 will enable the pair to continue the rise up to 0.83 – 0.84.
Analysis: The Australian dollar is declining again. It seems that correction in the wave 2 continues taking a shape of the irregular plane. At the moment, it is likely that the wave c of 2 is being developed. Within this wave the pair can decline to 0.7740. Critical level for this scenario is 0.8158. Breakdown of this level will trigger further rise in the pair.
USD/JPY Wave analysis and forecast of 22.05 – 29.05: Uptrend has resumed. The pair is likely to decline as part of the correction.
Estimated pivot point is at a level of 118.84.
Our opinion: In the short-term: sell the pair below the level of 121.26 with the target of 120.16. In the medium-term: wait for the completion of the correction and buy the pair above the level of 118.84 with the target of 122.00 – 123.00.
Alternative scenario: Breakout and consolidation of the price below the level of 118.48 will enable the pair to continue the decline to 118.00 – 117.00.
Analysis: Presumably, the formation of the correction as the fourth wave 4, which has the shape of the triangle, has completed. Locally it is likely that the one-two impetus as the wave i of 5 is being formed. If this assumption is correct after its completion the pair can continue to rise up to 122.00 – 123.00. Critical level for this scenario is 118.48. Breakdown of this level will enable the pair to decline further down to 118.00 – 117.00. 
USD/СAD Wave analysis and forecast of for 22.05 – 29.05: Uptrend will resume.
Estimated pivot point is at a level of 1.1918.
Our opinion: Wait for the completion of the correction and buy the pair above the level of 1918, with the target of 1.2450 – 1.28.
Alternative scenario: Breakout and consolidation of the price below the level of 1.1818 will enable the pair to continue to decline to 1.18 – 1.17.
Analysis: Presumably, the formation of the “bearish” correction in the fourth wave 4 has completed. Locally it is likely that the one-two impetus (i) has been formed and the local correction as the wave (ii) has begun. If this assumption is correct, after its completion the pair can go up to 1.2450 – 1.28. Critical level for this scenario is 1.1918. Breakdown of this level will enable the price to continue the decline to 1.18 – 1.17.
