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.
Presumably, formation of a correctional wave (ii) of [c] comes to an end. If the assumption is true, after its termination it is possible to expect renewal of growth of pair as an impulse (iii) of [c].
2. Currency pair EUR/USD.
Probably, the correctional wave (iv) of [c] is formed. If the assumption is true, after its end, it is possible to expect continuation of decrease in pair as an impulse or a Diagonal Triangle (v) of [c] of B.
3. Currency pair GBP/USD.
Presumably, impulse formation (iii) of [c] proceeds. One of possible variants of development of prospective structure is shown in drawing - probably, the correctional wave [4] of iii is formed. If the assumption is true, after its termination, pair decrease will proceed as an impulse or a Diagonal Triangle [5] of iii.
4. Currency pair USD/JPY.
Unfortunately, fears concerning overcoming of critical level have proved to be true. The updated variant of a counting is presented in drawing. Presumably, within the limits of the Diagonal Triangle termination (v) of [c] the impulse [C] of v comes to the end. In the given situation there is a sense to wait its terminations, for this purpose what to draw the further conclusions concerning preferences of the price.
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.
