The daily Wave Analysis for May, 2nd, 2012.
1. Currency pair USD/CHF.
Presumably, the correctional wave (ii) of [iii] is forming . If this assumption is correct, in the course of the formation development we can expect the local upward price movement.
2. Currency pair EUR/USD.
Presumably the correctional wave (ii) for [iii] is forming . If this assumption is correct, in the course of the formation development we can expect a downward price movement.
3. Currency pair GBP/USD.
Presumably, the impulse iii of (iii) шы close to completion . If this assumption is correct, in line whith its formation we can expect an upward price movement.
4. Currency pair USD/JPY.
Supposedly, formation of the impulse 3 of (5) has begun . 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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