The daily Wave Analysis for December, 6th, 2011.

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, the correctional wave (ii) of [c] is formed. Probably, it becomes the Triple Zigzag at which the wave xx of (ii) is formed. If the assumption is true, after its terminations it is possible to expect one more local thrust of the price upwards, as the wave z of (ii).

2. Currency pair EUR/USD.



Presumably, the correctional wave b of (ii) comes to the end. If it so after its terminations it is possible to expect local reduction of price as the impulse or the Diagonal Triangle with of (ii).

3. Currency pair GBP/USD.



Presumably, the correctional wave ii of (a) is formed. Probably, it becomes the Flat at which comes to the end correctional the flounce [B] of ii. If the assumption is true, after its terminations it is possible to expect local decrease in the cable, as the impulse or the Diagonal Triangle [C] of ii.
 
4. Currency pair USD/JPY.



Probably, formation of the wave (iii) of [c] of 5 has begun. If the assumption is true, within the limits of its formation it is possible to expect reduction of price.  

Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee

At any use of the analytical material taken from the site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for the dealing centre «Admiral Markets», the reference to the site of the company is obligatory.