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.
Unfortunately, the price has overcome the critical mark, that accordingly forces to reconsider the scenario, while only at local level. Probably, formation of the wave With of (D) becomes the impulse in which frameworks the price has started development by the finishing heel ([v] of C) waves which can become both the impulse, and the Diagonal Triangle. If the assumption is true, within the limits of its development it is possible to expect continuation of reduction of price.
2. Currency pair EUR/USD.
While the price is in frameworks of the forecast. The Diagonal Triangle (c) of the Expanded Flat [ii] of A comes to the end. If the assumption is true, after its terminations, it is possible to expect the turn of the price downward, within the limits of formation of the impulse [iii] of A.
3. Currency pair GBP/USD.
While the pair adheres to the forecast. Presumably, the impulse (c) of [ii] is formed. Its possible structure on the Figure. If the assumption is true, within the limits of the prospective complete set the cable still will travels upwards then it is possible to expect the beginning of reduction of price, as construction of the impulse [iii] of A.
4. Currency pair USD/JPY.
While the pair moves within the limits of the forecast. The impulse [c] of 2 is presumably formed. If the assumption is true, within the limits of its complete set it is possible to expect continuation of falling of the price.
Analyst of company Admiral Markets.
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