The daily Wave Analysis for January, 31st, 2012.

1. Currency pair USD/CHF.

Presumably, is completed wave [i] of 1 and already begining formation of correctional wave [ii] of 1. If the supposition is corrects within the framework formations can be expected local movement of the price upward.    

2. Currency pair EUR/USD.

Presumably, within the framework the alternative scenario, is completed wave [i] of 1. Supposedly, at the moment begining formation of correctional wave [ii] of 1. If this is the cases within the framework its formations can be expected local movement of the price downward.  

3. Currency pair GBP/USD.

Is presumably begining formation of correctional wave [ii] of C. Supposedly it is assuming the shape of of ordinary Zigzag. If the supposition is corrects within the framework its formations can be expected movement of the price downward.  

4. Currency pair USD/JPY.

Supposedly the Impulse [a] of 5 continues the formation. If the supposition is corrects within the framework its complete sets can be expected continuation movement of the price downward.

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

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