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 Structure 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 pair continues to decrease, forming an impulse (v) of [iii]. However on smaller time frame it is visible, that it is practically completed by waves of smaller level that gives the bases to assume its nearest end, and the beginnings of growth of pair as formation of a correctional wave [iv] of A.
2. Currency pair EUR/USD.
It is not excluded, that the wave [ii] of [b] of A is generated and are already formed a wave [iii] or [c] of A. However while ascending movement of the price has generated a Zigzag. If it is transformed to an impulse chances of renewal of growth of pair considerably will rise. For now the probability of that is great that wave formation [ii] or [b] of A still will proceed.
3. Currency pair GBP/USD.
While the assumption of wave development (a) of [ii] remains actual. At present movement has an impulse character. If the assumption is true, it is possible to count on the further falling of pair as impulse formation iii or with of (a).
4. Currency pair USD/JPY.
Presumably impulse formation [c] of X comes to the end. On the smaller time frame it is visible, that for its end, it is necessary for price to generate a wave [5] of v of (v). If the assumption is true, after its end, it is possible to expect the beginning of intermediate term strengthening of US dollar. Pay attention that in the presented variant of a counting there is an Extension at the fifth wave of an impulse [c] of X that in turn, specifies in possibility of prompt growth of the price within the limits of Elliott Double Retracement in area of a mark 91,00.
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, п1111рава on intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.
