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.
While expectations have not changed. Correction - a wave [iv] of A presumably becomes ripe.
About its form to speak while early, it is necessary to wait the finished formations at smaller level which should prompt about a price choice.
2. Currency pair EUR/USD.
In relation to euro US dollar falls more modestly. However one of possible variants of a counting specifies that the correctional wave [iv] of A is formed. It will be possible one of kinds of the long horizontal correction which formation can last over the weekend.
3. Currency pair GBP/USD.
Probably the wave with of of (v) of [i] comes to the end. If it so shortly it is necessary to expect the beginning of falling of pair as formation of a correctional wave [ii] of 1.
4. Currency pair USD/JPY.
Within the limits of the updated counting formation of an impulse with of (y) of [y] comes to an end. If the assumption is true, in the near future it is necessary to expect the beginning of lifting of pair as formation of wave Z of (Y) of [4] or, at least, as wave formation [x] of XX if the price decides to continue its formation.
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.
