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.
Introduction
Concerning European currency pairs, at present, unfortunately, the price does not give possibility to make an unequivocal choice between the basic and alternative variants. (The forecast for June, 11th) see. In a current situation, my liking on the party of the basic variant. I expect one more throw of strengthening of US dollar.
1. Currency pair USD/CHF.
The wave (iv) of [v] is presumably generated. If the assumption is true, it is possible to expect continuation of growth of US dollar as wave formation (v) of [v].
2. Currency pair EUR/USD.
Presumably the fourth wave, (iv) of [v], a Diagonal Triangle [v] of 5 comes to the end. If the assumption is true, after its termination one more throw of strengthening of US dollar, (eur usd downwards), as a wave (v) of [v] of 1 will follow.
3. Currency pair GBP/USD.
The wave (iv) of [c] is presumably finished. If the assumption is true, the impulse or a Diagonal Triangle (v) of [c] of Y is already formed.
4. Currency pair USD/JPY.
Presumably Double Three formation b of (ii) comes to an end. If wave formation b of (ii) is not transformed to a Triple Three it is possible to expect local decrease in pair as formation of an impulse or a Diagonal Triangle with of (ii).
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.
