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 Impulse against US dollar which has begun formation in the last session, considerably lifts chances of the alternative scenario. It is not excluded that it is a wave v of (v) an impulse [i] of A which can be identified as the beginning of a new intermediate term trend against US dollar, within the limits of formation of a correctional wave (2) of [C]. If the assumption is true, after correction formation [ii] of A, it is possible to count on a new coil of easing of US dollar as an impulse [iii] of A.
2. Currency pair EUR/USD.
From euro the situation is similar to the Swiss. The high-grade impulse which, it is possible to classify as a wave [i] of A, a new intermediate term trend against US dollar, within the limits of formation of a correctional wave (2) of [C] is actually generated. If the assumption is true, after correction formation [ii] of A, it is possible to count on a new coil of easing of US dollar as an impulse [iii] of A. (eur usd upwards).
3. Currency pair GBP/USD.
By analogy to the European currencies the impulse which has begun formation in the last session, has given the chance to be generated to a wedge 3-3-3-3-3 which probably is a wave [i] of 1, new intermediate term falling of US dollar, within the limits of wave formation () of [Y]. If the assumption is true, after correction formation [ii] of 1. The cable will continue growth, not having broken the nearest critical level.
4. Currency pair USD/JPY.
The yen has presumably started formation of a finishing phase of a Zigzag (ii) of [c]. If the assumption is true, in short term, it is possible to expect falling of pair as 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.
