Notes
1. The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.
2. One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.
3. As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.
4. The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.
5. In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan - on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.
1. Currency pair USD/CHF.
The current Wave Structure specifies that the basic variant in which frameworks wave formation (iv) of [v] with the subsequent renewal of growth of pair as a wave (v) of [v] proceeds, loses the importance though it is not excellent. In such situation there is a sense in more details to consider alternative prospect in which basis, the assumption of a turn of a trend against US dollar lays.
Probably wave (v) of [v] is already generated, having failed, if it so, descending movement, that other, as the first waves of a new intermediate term trend against US dollar. From the practical point of view in the given situation, there is a sense to wait signs of acknowledgement of this or that variant.
2. Currency pair EUR/USD.
From euro the situation is similar, the truth is distinctions with the brother the twin. One of possible variants of a counting allows to make the assumption that the wave (v) of [v] becomes a Diagonal Triangle in which frameworks, the correctional wave (iv) of [v] at present is formed. And if the assumption is true, after its termination it is possible to expect renewal of falling of pair as a wave (v) of [v]. During too time. It is not less probable, that the wave [v] of 5 is already generated - look an alternative variant. And ascending movement are first waves of a new intermediate term trend against US dollar (Euro upwards).
3. Currency pair GBP/USD.
It is already clear, that the idea underlying the yesterday's forecast is insolvent. However while expectations have not changed. Presumably the wave (iv) of [c] continues development in the form of a Triple Zigzag. If it so after its termination it is possible to expect continuation of decrease in pair as a wave (v) of [c]. At the same time, gaining in strength alternative variants of the European currency pairs indirectly specify in possibility of realisation of alternative and in a case with English currency.
4. Currency pair USD/JPY.
Presumably formation of a correctional wave b of (ii) proceeds, probably it will become a horizontal Triangle. If the assumption is true, after its end it is possible to expect short-term falling of pair in pulse style as formation of a wave with of (ii).
Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee
At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.
