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The daily Wave Analysis for September, 2nd, 2010.

Notes

1. To date, Wave Analysis - is the most flexible, powerful and promising tool, which allows for all time intervals to predict the trends that lead to certain changes in the financial schedules

2. One of the properties of this tool is its lack of formalisation, on the basis of which, the opinion of the author of this forecast, made on the basis of the Wave Analysis, is always subjective.

3. Since the wave pattern is constantly changing, the forecast based on Wave Analysis reflects the opinion of the author at the time of publication of the forecast.

4. Wave Analysis is not a trading system. This is not a signal generator to enter into or exit from the transaction, thus inflicted on a schematic chart the direction of price movement should not be a trader guide to action for opening positions.

5. In the case of the formation of market conditions, which, according to the author can use to draw up a trading plan, the chart will be further specified levels confirm the scenario, the optimal levels of inputs and the abolition of the selected scenario.


In section the monthly analysis is published the forecast for September.


1. Currency pair USD/CHF.

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Presumably, within the limits of the updated scenario (look the forecast for September), the price has started impulse construction (iii) of [iii]. The possible variant of its formation is presented in drawing. If the assumption is true, after the termination of a correctional wave iv of (iii) US dollar falling will proceed.

2. Currency pair EUR/USD.

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Presumably, within the limits of the updated scenario (look the forecast for September), the impulse (c) a Zigzag [b] of 2 is formed. The possible variant of its formation is presented in drawing. If the assumption is true, it is locally possible to expect continuation of growth of pair.

3. Currency pair GBP/USD.

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Presumably, the cable has started impulse or Diagonal Triangle formation (c) of [b]. Probably, the wave iii of (c) at present develops. If the assumption is true, it is locally possible to expect continuation of growth of pair.

4. Currency pair USD/JPY.


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Presumably, within the limits of scenario S1a alternate, the correctional wave [b] of v a Diagonal Triangle (v) of [c] is formed. If the assumption is true, after its termination it is possible to expect falling of pair as an impulse or a Diagonal Triangle [C] of v of (v).

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


At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

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