Notes
1. The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.
2. One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.
3. As the wave picture constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.
4. The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.
5. In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan - on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.
1. Currency pair USD/CHF.
The affinity of the price to critical level compels to consider the alternative scenario.
It is not excluded that wave A of (C) is already generated and at the given stage the first waves of correctional wave B of (C) are formed. Probably, within the limits of this scenario the wave (ii) of (b) of [a] is generated and the pair has started impulse formation (iii) or (c) of [a]. It speaks all about the beginning of intermediate term falling of US dollar. At the same time the former scenario also has chances of realisation while critical level is not overcome.
2. Currency pair EUR/USD.
The affinity of the price to critical level compels to consider the alternative scenario.
It is not excluded that wave A of (C) is already generated and at the given stage the first waves of correctional wave B of (C) are formed. Probably, within the limits of this scenario the wave (ii) of (b) of [a] is generated and the pair has started impulse formation (iii) or (c) of [a]. It speaks all about the beginning of intermediate term falling of US dollar. At the same time the former scenario also has chances of realisation while critical level is not overcome.
3. Currency pair GBP/USD.
Cable as well as the European currencies, has probably begun approach to US dollar.
It is not excluded that the wave v of (v) was generated in the form of failed, having finished thereby, large wedge A of (B). If this that so the begun ascending movement is a wave (i) or (a) of [a] correctional wave B of (B). During too time, level of acknowledgement for the given scenario quite probably is not overcome yet, that the wave [1] of v. (look alternative) is generated only.
4. Currency pair USD/JPY.
The yen while to be in forecast frameworks, the impulse with of (b) for which termination to the price is presumably formed it is necessary to generate an impulse or a Diagonal Triangle [5] of with of (b).
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.
