The daily Wave Analysis for January, 27th, 2010 + USD CAD.
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.
While expectations have not changed - the wave iv of (i) is presumably formed. Probably, it will take the form of a Flat correction. During too time in the circumstances it is not excluded, that the wave (iv) of (i) is already generated, and both assumptions are already formed a wave v of (i) (look alternative) by the present moment demand the acknowledgement.
2. Currency pair EUR/USD.
While expectations have not changed - the wave iv of (i) is presumably formed. Probably, it will take the form of a Flat correction. During too time in the circumstances it is not excluded, that the wave (iv) of (i) is already generated, and both assumptions are already formed a wave v of (i) (look alternative) by the present moment demand the acknowledgement.
3. Currency pair GBP/USD.
Presumably wave formation (b) of [v] proceeds. Probably, it will take the form of a Flat correction. If the assumption, truly the cable will grow in an impulse or Diagonal Triangle kind, forming a wave with of (b). During too time the given parity of waves does not exclude that that the wave (b) of [v] is already generated (look alternative) and the wave (c) of [v] is already formed. Both assumptions by the moment of a writing of the forecast demand the acknowledgement, the choice as always remains behind the price.
4. Currency pair USD/JPY.
I will remind that the prospective wave 5 of (C) is a final wave of the Diagonal Triangle which basic waves it is Zigzags. In turn the basic waves of a Zigzag can be Zigzags. In this connection, and as in connection with overcoming of conditional critical level, the assumption of development of a wave 5 of (C) in the form of a double (threefold) Zigzag optimum enough looks. Within the limits of told, probably, wave formation [w] of 5 comes to an end. Though it is quite possible, that the wave [w] of 5 will be generated in the form of a Triple Zigzag.
5. Currency pair USD/CAD.
Impulse A of (B) a large correctional wave [b] is presumably generated and by the present moment the Canadian has already started formation of correctional wave B of (B). If the assumption, truly it will be logical to expect US dollar strengthening which to occur synchronously with European currency steams.
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.
|
