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 wave (ii) of [iii] is presumably formed. One of possible variants of a counting assumes its development in the form of a Flat or a Double Three. If the assumption, truly the local correctional structure will be formed in the near future.
2. Currency pair EUR/USD.
The wave (ii) of [iii] is presumably formed. One of possible variants of a counting assumes its development in the form of a Flat or a Double Three. If the assumption, truly the local correctional structure will be formed in the near future.
3. Currency pair GBP/USD.
The price has confirmed expectations. Presumably the wave iv of (c) has finished formation, having taken the form of a simple Zigzag, and the wave v of (c) is already formed. If the wave v of (c) decides to be generated in the form of Extension it is quite possible, that at present is formed only [1] of v of (c). If the assumption, truly local descending trend still to proceed.
4. Currency pair USD/JPY.
The price has confirmed expectations, however in the today's forecast has returned to the variant considered earlier in which the prospective wave (a) of [x] was generated in the form of a wedge. In my opinion, at present it looks more proportionally, and proves pair lifting in the last session more logically. Therefore, probably, the impulse or a Diagonal Triangle (с) of [x] is formed. If the assumption, truly pair lifting will proceed in pulse style.
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.
