The daily Wave Analysis for May, 18th, 2012.
1. Currency pair USD/CHF.
While the price moves In line with expectations. Presumably, the impulse [5] of c of (y) of [ii] is close to completion formation of . If this assumption is correct, after its completion we can expect a downward price movement in line with the impulse formation i of (i).
2. Currency pair EUR/USD.
Meanwhile the price moves in line with expectations. Presumably, the impulse [5] of c of (y) of [ii] is close to completion. If this assumption is correct, after its completion we canexpect the upward price movement in line with the wave formation i of (i).
3. Currency pair GBP/USD.
Presumably the wave [i] of C is taking the shape of the wedge. In line with it formation the correctional wave (iv) of [i] is forming . If this assumption is correct, after its completion we can expect an upward price movement in course of the Zigzag formation (v) of [i].
4. Currency pair USD/JPY.
Presumably the wave [iii] of 3 is forming . If this assumption is correct, in the course of the formation development we can expect a downward price movement.
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 center «Admiral Markets», the reference to the company site is obligatory.
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