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 the wave [i] of A just now finishes the formation. A possible variant of its counting in drawing. If the assumption is true, in short-term prospect, it is possible to expect growth of pair as formation of a correctional wave [ii] of A. During too time, it is not excluded that the sequence 1-2, 1-2 develops. Depth and character expected ascending as always will help to define price intentions.
2. Currency pair EUR/USD.
Presumably the wave [i] of A just now finishes the formation. A possible variant of its counting in drawing. If the assumption is true, in short-term prospect it is possible to expect falling of pair as formation of a correctional wave [ii] of A. During too time, it is not excluded that the sequence 1-2, 1-2 develops. Depth and character of expected descending movement, as always will help to define price intentions.
3. Currency pair GBP/USD.
The cable while is in forecast frameworks, presumably finishes formation a wave with of (v) of [i]. If the assumption is true, after its termination it is logical to expect the beginning of formation of a correctional wave [ii] of 1.
4. Currency pair USD/JPY.
Presumably formation of an impulse with of (ii) comes to an end. For this purpose the price should generate a wave [5] of with. If the assumption is true, within the limits of its formation it is possible to expect a final coil of short-term falling of pair.
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.
