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.
Owing to crossing by critical level the counting is reconsidered. However, while, it has not affected expectations. Probably, correctional wave [b] of B has appeared more scale, it was rather than supposed. Therefore impulse formation (c) 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.
The euro while to be in forecast frameworks. Presumably, the correctional wave (iv) of [c] of B comes to the end. Probably, it takes the form of a Triple Three. If the assumption is true, after its termination, it is possible to expect continuation of decrease in pair as an impulse or a Diagonal Triangle (v) of [c].
3. Currency pair GBP/USD.
It is not excluded, that the wave [c] of X takes the form of a Diagonal Triangle. Probably, at present its correctional wave (iv) of [c] is formed. If the assumption is true, after its termination, it is possible to expect continuation of falling of pair as a Zigzag (v) of [c] of X.
4. Currency pair USD/JPY.
Probably, the Diagonal Triangle (v) of [c] is finished. If the assumption is true, the first waves of an intermediate term ascending trend are already formed. By the way, this assumption expressed time and again from the beginning of month, but the price persistently prefers to change a working counting, that once again proves, that there is not passed yet acknowledgement level, it is impossible to be definitively assured of scenario realisation.
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.
