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.
1. Currency pair USD/CHF.
The Swiss while is in forecast frameworks. The first waves of an impulse or a Diagonal Triangle [c] of B are presumably formed. If it so this week it is necessary to expect the further growth of pair.
2. Currency pair EUR/USD.
Contrary to steam assumption continues to grow slowly. In the given situation there is a sense to consider pair of scenarios which consider current behaviour of the price. Cформировавшаяся from the beginning of August the descending structure quite can be an impulse [a] prospective correction B of (2). If the assumption is true, the price has already started construction of a correctional wave [b] of B. Concerning its future form while to speak prematurely is will depend on formations at smaller level. At the same time it is not excluded that at the given stage, all wave B of (2) is generated, (look alternative). Certainly, in this case the growth purposes will be others, but this assumption for the present demands a complex of acknowledgement.
3. Currency pair GBP/USD.
Contrary to steam expectations inertly grows. Probably, by analogy to euro the price has started construction of a correctional wave [b] of X. Concerning its future configuration while to speak early. It is necessary to wait formations of waves of smaller level. At the same time, it is necessary to consider that all is already generated waves X of (Y), and ascending movement is the beginning of formation of wave Y of (Y). However, while there is no acknowledgement, this idea is on the second plan.
4. Currency pair USD/JPY.
While the structure corresponds to expectations. The wave (i) of [a] of Y is presumably generated. If it so it is possible to expect continuation of growth of pair in Impulsive Style.
The review of facultative pairs.
EUR JPY
While assumptions will hold good. The correctional wave (iv) of [v] of 5 presumably develops. Probably, it takes the form of a Double Zigzag. If the assumption is true, after its termination it is possible to expect continuation of falling of pair as an impulse or a Diagonal Triangle (v) of [v].
EUR GBP
It is not excluded, that the Diagonal Triangle with of (y) of [ii] is finished. If the assumption is true, I am logical to expect pair growth in Impulsive Style as formation of a wave [iii] of 1. However while this idea requires acknowledgement.
EUR CHF
The impulse v of (iii) is presumably finished. If it so the next week will be devoted construction of a correctional wave (iv) of [iii]. While it is difficult to speak about the form of the future model. Formations at smaller levels will prompt, what choice will be preferred by the price.
GBP JPY
According to the modified counting the correctional wave (iv) of [v], presumably, develops. Probably, it becomes a prompt Zigzag. If the assumption is true, within the limits of its termination, the pair still will grow up, then, will start impulse or Diagonal Triangle formation (v) of [v] of C.
USD CAD
It is not excluded, that the impulse (с) of [z] of B is finished. If the assumption is true, it is possible to expect formation of the first waves of a new intermediate term descending trend as construction of an impulse or a Diagonal Triangle With of (B). In the same, time is the assumption still demands the acknowledgement, and considering moods of the European pairs, concerning US dollar, the wave [z] of B can accept more difficult form.
AUD USD
The price has moved in an expected direction however has not received pulse development. One of possible variants of a counting it is presented in drawing. Presumably, the correctional wave [ii] of 1 accepts more difficult form - probably, it will be a Flat or a Double Three. If the assumption is true, within the limits of its construction of steam will locally grow.
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.
