Identify the next term of the series among the following options:

We see two patterns:

First, the upper and lower arrows change their directions in every next box. 

Second: Items in the first and second boxes exchange their positions, and then the item on the upper arrow in the second box is changed. Similarly, items in the third and fourth boxes exchange their positions. After that, the star at the upper arrow changes to a rhombus-shaped icon. Hence, in the sixth box, the icons of the fifth box should be exchanging their positions. Therefore, Option D is the correct option.