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.
While expectations remain former. Presumably the price forms a correctional wave [ii] of [b] which will probably take the form of a simple Zigzag in which frameworks the wave (b) of [ii], at present, is formed. If the assumption is true, after its end it is logical to expect growth of pair as impulse or Diagonal Triangle formation (c) of [ii].
2. Currency pair EUR/USD.
While expectations have not changed. Presumably the price forms a correctional wave [ii] of [b] which will probably take the form of a simple Zigzag in which frameworks the wave (b) of [ii], at present, is formed. If the assumption is true, after its end it is logical to expect falling of pair as impulse or Diagonal Triangle formation (c) of [ii].
3. Currency pair GBP/USD.
While expectations remain former. Probably, the Expanded Flat () of [ii] is formed. And the wave [ii] of 1 will become a Double Three. If the assumption is true, it is possible to expect falling of pair as formation of an impulse or a Diagonal Triangle c of (a).
4. Currency pair USD/JPY.
Presumably formation of a wave [5] Diagonal Triangles with of (ii) comes to an end. If the assumption is true, in the near future it is possible to expect a turn of an intermediate term trend upwards as impulse formation (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.
