The daily Wave Analysis for January, 31st, 2011 + The review of facultative pairs.

Notes

1. To date, Wave Analysis - is the most flexible, powerful and promising tool, which allows for all time intervals to predict the trends that lead to certain changes in the financial schedules

2. One of the properties of this tool is its lack of formalisation, on the basis of which, the opinion of the author of this forecast, made on the basis of the Wave Analysis, is always subjective.

3. Since the wave pattern is constantly changing, the forecast based on Wave Analysis reflects the opinion of the author at the time of publication of the forecast.

4. Wave Analysis is not a trading system. This is not a signal generator to enter into or exit from the transaction, thus inflicted on a schematic chart the direction of price movement should not be a trader guide to action for opening positions.

5. In the case of the formation of market conditions, which, according to the author can use to draw up a trading plan, the chart will be further specified levels confirm the scenario, the optimal levels of inputs and the abolition of the selected scenario.
  


1. Currency pair USD/CHF.

 

Probably, the wave ii of (iii) is generated. If the assumption is true, it is possible to expect growth of the price within the limits of formation of the impulse iii of (iii). However while, confirmations to it aren't present. Therefore, while the price hasn't overcome level of confirmation, transition to other scenario of the local is probable.   

2. Currency pair EUR/USD.

   

Formation of the wave (a) the Zigzag [y] of B has presumably begun. Probably at present the wave i of (a) is formed. If the assumption is true, it is possible to count on decrease in pair in Impulsive Style.  

3. Currency pair GBP/USD.

   

Probably, formation of the impulse (iii) of [c] has begun. One of variants of its complete set on the Figure. If the assumption is true, it is possible to expect the further reduction of price within the limits of development of the impulse iii of (iii). 

4. Currency pair USD/JPY.

   

The price has closely come nearer to conditional critical level. It forces to reconsider the design of the correctional wave (ii) of 3. Result on the Figure. Presumably, the Double Zigzag, however more long is formed, it was rather than supposed earlier. If the assumption is true, after its terminations, it is possible to expect the turn of the intermediate term trend upwards, as the impulse [iii] of 3.  

The review of facultative pairs.

EUR JPY



Presumably, formation of the correctional wave (ii) of [c] has begun. If the assumption is true, within the limits of its development, it is possible to expect continuation of decrease in pair in Corrective Style.

EUR GBP



It is not excluded, that the wave [x] of Z has finished formation, in the form of the Double Three. If the assumption is true, the pair will decrease, within the limits of formation of the impulse (a) of [y] of Z.

EUR CHF



Presumably, the price has started development of the impulse [v] of 5. Probably, the wave (ii) of [v] if the assumption truly it is possible to expect the further falling of pair within the limits of formation of the impulse (iii) of [v] is actual market mood generated.

GBP JPY



The price all the same has broken critical level. In the given situation, the alternative scenario which has been considered in the beginning of last week, becomes more and more actual, therefore there is the sense to stop on it more in detail. Probably, the wave [b] of X continues development, taking the form of the Skewed Triangle in which frameworks, the final wave () of [b] it is formed. Can Quite be so, that it will take the form of the simple Zigzag, and actual market mood, the price is occupied by formation of its wave b of (e). If the assumption is true, locally as terminations of the wave b of (e) the price бeдет to fall, but after its end, it is possible to expect growth as the impulse or the Diagonal Triangle with of (e) of [b].

USD CAD



Presumably, the price has started development of the impulse iii of (iii) of [c]. If the assumption is true, within the limits of its complete set, it is possible to expect continuation of growth of pair.

AUD USD



Presumably, the complet the correctional wave [b] of 4 which has become the horizontal Triangle. If the assumption is true, it is possible to expect falling of the price, as formation of the impulse or the Diagonal Triangle [c] of 4.


Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee

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