The daily Wave Analysis for January, 3rd, 2011+ 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 formalization, 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.
In section the monthly analysis, is published the forecast of facultative pairs for January.
1. Currency pair USD/CHF.
Presumably, the impulse v of (c) of [b] comes to the end. If the assumption is true, soon, it is possible to count on the beginning of intermediate term strengthening of US dollar as formation of impulse or Diagonal Triangle [c] of B.
2. Currency pair EUR/USD.
Presumably the Diagonal Triangle (с) correctional wave [b] of B comes to an end. For his end it is necessary for price to complete wave v of (c) of [b]. If the assumption is true, after his end, it is possible to expect the beginning of formation of descending trend as the first waves of impulse or Diagonal Triangle [c] of B. At the same time while it only the assumption which demands the confirmation.
3. Currency pair GBP/USD.
Presumably formation of wave v, Diagonal Triangle () of [b] comes to an end. If the assumption is true, after his terminations probably began falling of pair within the limits of formation of impulse, or Diagonal Triangle [c] of B. However it is clear, that actual market mood it not the unique variant outcomes of events, and wave [b] of B still can quite continue the formation in the form of the more complex form.
4. Currency pair USD/JPY.
Presumably, within the limits of formation of impulse [c] of 2, the price approached to end of wave (iii) of [c]. If the assumption is true, it is possible to count on short-term growth of pair as formation of correctional wave (iv) of [c] then, falling of pair still proceeds as impulse or Diagonal Triangle (v) of [c] of 2.
Facultative pairs.
EUR JPY
Presumably, the impulse (iii) of [iii] in which frameworks the price started development of correctional wave iv of (iii) is formed. If the assumption is true, after her end it is possible to expect the further falling of pair as impulse or Diagonal Triangle v of (iii).
EUR GBP
Probably, complete Double Zigzag [x] of Z. If the assumption is true, the price, not breaking critical level continues falling as formation the first waves of Zigzag [y] of Z of (4). At the same time, while this idea isn't confirmed yet.
EUR CHF
Presumably, the price started construction of correctional wave [iv] of 5. Probably, it will be Double Three or Flat. If the assumption is true, within the limits of her end, locally, it is possible to expect short-term growth of pair. Then falling of the price proceeds as formation of impulse or Diagonal Triangle [v] of 5.
GBP JPY
Presumably, within the limits of formation of impulse iii of (iii), the price started development of correctional wave [4] of iii. If it so after her end, descending movement of the price proceeds as construction of wave [5] of iii of (iii).
USD CAD
Presumably, development of wave (3), impulse [C] of y of (y) of [b] comes to an end. If the assumption is true, that after his end it is possible to expect short-term correction (4) of [C] then, local descending movement proceeds as impulse or Diagonal Triangle (5) of [C] of (y).
AUD USD
Presumably, within the limits of the updated labeling of larger degrees. The price is occupied by development of impulse (v) of [v] of 3. One of variants of his labeling on Figure. Probably, the price started finishing stage of his formation - waves [5] of v of (v).
Facultative pairs.
EUR JPY
Presumably, the impulse (iii) of [iii] in which frameworks the price started development of correctional wave iv of (iii) is formed. If the assumption is true, after her end it is possible to expect the further falling of pair as impulse or Diagonal Triangle v of (iii).
EUR GBP
Probably, complete Double Zigzag [x] of Z. If the assumption is true, the price, not breaking critical level continues falling as formation the first waves of Zigzag [y] of Z of (4). At the same time, while this idea isn't confirmed yet.
EUR CHF
Presumably, the price started construction of correctional wave [iv] of 5. Probably, it will be Double Three or Flat. If the assumption is true, within the limits of her end, locally, it is possible to expect short-term growth of pair. Then falling of the price proceeds as formation of impulse or Diagonal Triangle [v] of 5.
GBP JPY
Presumably, within the limits of formation of impulse iii of (iii), the price started development of correctional wave [4] of iii. If it so after her end, descending movement of the price proceeds as construction of wave [5] of iii of (iii).
USD CAD
Presumably, development of wave (3), impulse [C] of y of (y) of [b] comes to an end. If the assumption is true, that after his end it is possible to expect short-term correction (4) of [C] then, local descending movement proceeds as impulse or Diagonal Triangle (5) of [C] of (y).
AUD USD
Presumably, within the limits of the updated labeling of larger degrees. The price is occupied by development of impulse (v) of [v] of 3. One of variants of his labeling on Figure. Probably, the price started finishing stage of his formation - waves [5] of v of (v).
Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee
At any use of the analytical material taken from site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for dealing center «Admiral Markets», the reference to site of the company is obligatory.
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