The daily Wave Analysis for May, 3rd, 2012.
1. Currency pair USD/CHF.
Presumably the correctional wave (ii) of [iii] is forming . If this assumption is correct, after its completion we can expect a downward price movement in line with the impulse formation (iii) of [iii].
2. Currency pair EUR/USD.
Presumably, the correctional wave (ii) of [iii] is forming . If this assumption is correct, after its completion we can expect an upward price movement in line with the impulse formation (iii) of [iii].
3. Currency pair GBP/USD.
Presumably, the correctional wave iv of (iii) is forming . If this assumption is correct, after its completion we can expect an upward price movement in line with the impulse or Diagonal Triangle formation v of (iii).
4. Currency pair USD/JPY.
Meanwhile the price moves in line with expectations. Presumably 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.
|
