Daily Wave Analysis

1. Currency pair USD/CHF.

Presumably, the correctional wave ii of (i) is forming . If this assumption is correct, after its completion we can expect a downward price movement in line with the impulse formation  iii of (i).  

2. Currency pair EUR/USD.

Presumably, the correctional wave ii of (i) is close to completion . If this assumption is correct,  after its completion we can expect an upward price movement in line with the impulse formation  iii of (i).

3. Currency pair GBP/USD.

Presumably, the impulse formation c of (iv) is close to completion . If this assumption is correct, after its completion we can expect an upward price movement in line with the wave formation  (v) of [i].

4. Currency pair USD/JPY.

 Presumably, the correctional wave [ii] of 3 is forming . If this assumption is correct, after its completion we can expect a downward price movement in line with the impulse formation  [iii] of 3 for (5).

Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee

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