The daily Wave Analysis for December, 9th, 2009.

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 picture 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 Swiss while within the limits of the forecast. The wave iv of (v) of [c] which becomes a horizontal Triangle in which frameworks закачивается its wave [C] of iv is presumably formed. If the assumption, truly it is possible to expect the local descending movement forming a wave [D] of iv.

2. Currency pair EUR/USD.



Euro also while within the limits of the forecast. The wave iv of (v) of [c] which becomes a horizontal Triangle in which frameworks закачивается its wave [C] of iv is presumably formed. If the assumption, truly it is possible to expect local ascending movement which generates a wave [D] of iv.

3. Currency pair GBP/USD.



The cable presumably finishes a wave (с) of [b] which takes the form of a simple Zigzag. If the assumption, truly, after a full complete set of an impulse (с) of [b], it is possible to expect the beginning of an intermediate term ascending trend as an impulse or a wave Diagonal Triangle [c] of B.

4. Currency pair USD/JPY.



Within the limits of the considered scenario the Yen forms a wave 4 of (C). About the form of an expected correctional wave 4 of (C) to speak while early, but probably it will take the form of difficult Corrective Combination. If the assumption, truly the nearest expectations is a movement of pair downwards as wave formation [b] of 4.



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.