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.
Presumably Zigzag formation [a] of B comes to an end. If the assumption is true, after its termination, it is possible to expect the beginning of formation of a correctional wave [b] of B. At the same time, it is not excluded, that the prospective wave [a] of B is transformed to an impulse, in this case short-term expectations will be changed, but while about it to speak prematurely. Formations at smaller levels will help to define preferences of the price.
2. Currency pair EUR/USD.
It is not excluded, that wave formation (b) of [a] is finished. If it so, it is possible to expect falling of euro as impulse or Diagonal Triangle formation () of [a]. At the same time, this assumption still demands the acknowledgement.
3. Currency pair GBP/USD.
Presumably formation of an impulse with of (b) of [a] resembles by the end. If the assumption is true, shortly, it is possible to expect falling of pair within the limits of impulse or Diagonal Triangle formation (c), an Expanded Flat [a] of X.
4. Currency pair USD/JPY.
The assumption of Corrective Combination formation iv of (v) while proves to be true. It is not excluded, that its development comes to an end. If it so it is possible to expect falling of pair as impulse or Diagonal Triangle formation (v) of [c] of X.
Weekly review EUR JPY, EUR GBP, EUR CHF, GBP JPY, USD CAD, AUD USD.
EUR JPY
Presumably, the impulse or a Diagonal Triangle [C] a final Zigzag v a Diagonal Triangle () of [iv] is formed. If the assumption is true, after its end of steam will begin decrease as impulse or Diagonal Triangle formation [v] of 5.
EUR GBP
Formation of a correctional wave [ii] proceeds. One of possible variants of its development is shown in drawings. Probably, it becomes a Triple Zigzag. If the assumption is true, in short term, it is possible to expect continuation of falling of pair as Zigzag formation (z) of [ii].
EUR CHF
Euro Chf ascension remains to more correctional, rather than pulse. However depth of formed model forces to look differently at a formed impulse () of [Y]. Certainly, it is impossible to exclude possibility of that it (an impulse (of [Y] of y) is already generated, however a number of the reasons, forces to hold this variant only alternatively. Within the limits of the updated counting the wave 4 of (C) of [Y], presumably, is formed. Probably, it takes the form of a Double Zigzag, and at present, its second foot [y] of 4 is formed. If the assumption is true, in short term the pair will grow in frameworks of a complete set of an impulse (of [y] of 4.
GBP JPY
While expectations анне have changed. The correctional wave [iv] of C of (B) is presumably formed. At the same time, pair growth has broken geometry of a prospective Corrective Combination. One of possible variants of a counting in drawing. Presumably the wave [iv] of C becomes a Double Zigzag which formation resembles by the end. If the assumption is true, after its termination it is possible to expect falling of pair as an impulse or a Diagonal Triangle [v] of C of (B).
USD CAD
Expectations have not changed yet. The wave a sheaf [X] of B is presumably formed. Practically horizontal development of wave structure assumes not one possible variant of succession of events, but, nevertheless, on something it is necessary to stop. One of possible variants is put in drawing. Probably wave [X] of B takes the form of a certain Corrective Combination after which termination, it is possible to expect wave development [Z] of B. Taking into consideration that the wave «Z» in a Triple Three, can take the form of any correctional model, trade in it hardly will be expedient. Therefore, in the given situation, there is a sense to pass to smaller level, for search of possibilities of construction of trading plans.
AUD USD
The Australian while is in forecast frameworks. Impulse formation [v] of With of (2) presumably comes to an end. If the assumption is true, shortly it is possible to expect the beginning of formation of the first waves of an impulse (3) of [C].
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.
