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 Swiss while remains within the limits of the forecast. The impulse [i] of by A.Esli the assumption truly it is possible to expect short-term growth of pair in correctional style as wave formation [ii] of is presumably generated And.
2. Currency pair EUR/USD.
The euro while remains within the limits of the forecast. The impulse [i] of is presumably generated And.
If the assumption is true, it is possible to expect short-term falling of pair within the limits of wave formation [ii] of And.
3. Currency pair GBP/USD.
Wedge formation [i] of 1 is presumably finished, and the first waves of a correctional wave [ii] of 1 are already formed. If the assumption is true, it is possible to expect short-term falling of pair in correctional style.
4. Currency pair USD/JPY.
The unwillingness of the price to move in a prospective direction compels to reconsider a counting. Though it also does not change expectations. Probably wave (ii) of [c] becomes a Double Three after which end it is possible to expect growth of pair as an impulse (iii) 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.
