Monthly Wave Analysis

1. Currency pair USD/CHF.



Presumably, the correctional wave X of (2) is formed. Probably, it becomes the Expanded Flat correction at which development of the impulse or the Diagonal Triangle [c] of X of (2) has begun. If the assumption is true, in January, within the limits of its development it is possible to expect reduction of price.

2. Currency pair EUR/USD.



It is not excluded, that by the present moment of the complete the correctional wave (2) of [C]. If the assumption receives confirmation in January it is possible to expect strengthening of euro as development of the first waves of the impulse (3) of [c].

3. Currency pair GBP/USD.



Probably, the Diagonal Triangle [c] Expanded Flat B of (Y) comes to the end or the complete. If the assumption is true, after its terminations it is possible to expect growth of the cable as development of the first waves of the impulse or the Diagonal Triangle With of (Y) of [X].  

4. Currency pair USD/JPY.



Probably, formation of the impulse or the Diagonal Triangle [c] of 5 of (5) of [5] of v has begun. If the assumption it is true, within the limits of its complete set it is possible to expect continuation of reduction of price.

Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee

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