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, impulse formation () of [a] in which frameworks the wave iv of (c) is generated proceeds. If the assumption is true, it is possible to expect continuation of growth of pair as an impulse or a Diagonal Triangle v of (c) of [a].
2. Currency pair EUR/USD.
Presumably, wave formation (b) of [a] is finished, that assumes a turn of a local trend downwards as impulse or Diagonal Triangle formation () of [a]. However the price not to hurry up downwards, forming actually horizontal correction. Such behaviour does not exclude one more throw of pair upwards before the beginning of prospective descending movement.
3. Currency pair GBP/USD.
It is not excluded that the impulse with of (b) is generated. If the assumption is true, it is necessary to expect the beginning of short-term descending movement, as impulse or Diagonal Triangle formation () of [a]. At the same time this assumption still demands the acknowledgement.
4. Currency pair USD/JPY.
Probably correctional wave iv of (v) is finished. If the assumption is true, it is possible to expect decrease in pair within the limits of impulse or Diagonal Triangle formation v of (v).
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.
