The daily Wave Analysis for June, 13th, 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, now the impulse [3] or [c] of an is formed. On the Figure its possible complete set is presented. If the assumption is true, while it is possible to expect continuation of growth of the price. 

2. Currency pair EUR/USD.

 

Presumably, the impulse (i) of [iii] is formed. On the Figure its possible complete set. If the assumption is true, within the limits of its complete set it is possible to expect the further reduction of price.

3. Currency pair GBP/USD.

 

Presumably, now the impulse iii of (iii) is formed. If the assumption is true, within the limits of its complete set it is possible to expect continuation of reduction of price.

4. Currency pair USD/JPY.

   

Presumably, formation of the correctional wave [iv] of C proceeds. Probably it will become the simple Zigzag in which frameworks formation of the impulse or the Diagonal Triangle (c) of [iv] has begun. Therefore, within the limits of its end it is possible to expect continuation of growth of the 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.