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CADJPY. The move over the resistance has cleared off as a 'fake-out' and after today's candle, we are likely to see a bearish scenario over the next few weeks.

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EURUSD. The pair has a pending bearish sequence that is likely to continue over the next week(s). It seems to be forming a decent candlestick pattern for a bearish move at a strong resistance level. Manage risk while trading.

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AUDUSD. It's a typical move for the dollar to gain strength before the weekly closing. The pair is forming a corrective pattern and will give another drop to complete the sequence. We are likely to see a bearish scenario on most XXXUSD pairs over the next week(s). Manage risk while trading.

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AUDJPY. The pair is going through a correction phase and after a retracement to 61.8 fib level (also a good level of resistance), we are likely to see a downward continuation.

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EURUSD. The correction is very messy on the pair, but as long as there is no impulse upward, we can keep the bearish scenario in mind. The pattern could be a triangle or a possible ABC correction in which case there can be a further upward move. However, in the case of a triangle, we are likely to enter the bearish scenario by the end of the week.

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AUDJPY. The pair has made one impulse downwards after finishing an ABC correction. The trend is likely to resume downside after the sub-wave completes the upward correction. Manage risk while trading.

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GBPJPY. The pair has made wave 1 impulse downwards, followed by an upward correction which may end around the 38.2 - 50.00% fib level. There are likely to be good shorting opportunities over the week. Manage your risk while trading.

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EURUSD. The pair is forming a triangle as a correction pattern. The wave E is usually a confusing one as it never touches the top/bottom channel, but rather remains a small move opposite to wave D. In such cases, the best way to trade is to wait for the structure break and sell/buy at the resistance as we have one in this chart. Manage risk while trading.

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GBPJPY. The price is currently correcting in a triangle and is likely to continue its downtrend after the structure break.

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CADJPY. This is a short term outlook on CADJPY based on the Elliott Wave Theory.