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.
While expectations have not changed. Presumably, the wave [c] Expanded Flat correction B of (2) develops. Probably, at the given stage, the wedge, as a wave (i) of [c] is formed. If the assumption is true, after the wave termination (ii) of [c], it is possible to count on renewal of growth of pair with new force.
2. Currency pair EUR/USD.
Presumably, within the limits of an impulse [c] of B, the impulse (iii) of [c] is formed. One of possible variants of its development is presented in drawing. If the assumption is true, in the near future pair decrease will proceed, then, it is logical to expect consolidation as a correctional wave (iv) of [c] and continuations of falling of pair as an impulse or a Diagonal Triangle (v) of [c], with the termination of all design in the field of 1,2450 or more low.
3. Currency pair GBP/USD.
Probably, the wave (ii) an impulse or a Diagonal Triangle [c] of X is generated. If the assumption is true, it is possible to expect the further falling of pair as wave formation (iii) of [c].
4. Currency pair USD/JPY.
While the pair remains within the forecast. Presumably, the wave (i) of [a] is generated. If the assumption is true, it is necessary to expect lifting of pair as an impulse (iii) of [a]. Guards affinity of the price to critical level, however while it is not overcome, the working scenario remains actual.
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.
