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.
Conditional critical level is once again broken, besides, a wave [b] prospective Expanded Flat B of (2) at level of the limiting sizes. It persistently specifies all in necessity of revision of the scenario. The variants considering behaviour of the price will be considered in the near future and published in section of the monthly analysis. Within the limits of the considered scenario, formation of an impulse with of (y) of [b] presumably comes to an end. If the assumption is true, after its termination it is possible to expect growth of pair as an impulse or a Diagonal Triangle [c] of B.
2. Currency pair EUR/USD.
Presumably, the price has started impulse or Diagonal Triangle formation (c) of [b]. If the assumption is true, after its termination it is possible to expect falling of pair as wave construction [c] of B.
3. Currency pair GBP/USD.
Presumably the impulse with of (b), within the limits of Expanded Flat correction formation [b] of X develops. If the assumption is true, after its termination it is possible to count on growth of pair as an impulse or a Diagonal Triangle (c) of [b] of X.
4. Currency pair USD/JPY.
While the Yen is in forecast limits. Presumably, formation of a correctional wave (ii) of [a] comes to an end. If the assumption is true, after its termination it is possible to expect growth of pair as an impulse (iii) of [a].
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.
