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.
Continuation of falling of pair compels to reconsider a working counting. Impulse formation [iii] of A presumably comes to an end. If the assumption is true, most likely, within the next week, it is possible to expect formation of a correctional wave [iv] of A after which termination, pair falling will proceed as impulse or Diagonal Triangle formation [v] of A
2. Currency pair EUR/USD.
The price as it often happens, has introduced the corrective amendments in a working counting. Parametres of already generated waves not bad keep within developing impulse A of (2) in which frameworks the correctional wave [iv] of (A), at present, is formed. Probably, it will become a Corrective Combination. If the assumption is true, after its termination it is possible to expect continuation of growth of pair as a wave [v] of A.
3. Currency pair GBP/USD.
Cable growth forces to look at a current situation differently a little. Probably, Zigzag formation (v) of [i] in which frameworks the impulse [5] of with of (v) is at present formed still proceeds. If the assumption is true, after its termination, it is logical to expect the beginning of formation of a correctional phase - waves [ii] of 1. However if it does not happen in the near future, the counting should be reconsidered.
4. Currency pair USD/JPY.
The price inevitably slips downwards. Transition to an alternative variant in a developing situation is quite justified. Probably wave (Y) of [4] becomes Triple Three W-X-Y-X-Z in which frameworks, the wave XX of (Y) of [4] at present is formed. If the assumption is true, after its termination it is possible to expect a turn of an intermediate term trend upwards as formation of wave Z of (Y). It is not excluded that the wave XX of (Y) will become a Double Three and its formation comes to an end, however acknowledgement to it while is not present. Its formation still is possible will proceed in the form of a Corrective Combination. Nevertheless, anyhow the nearest expectations of a direction of movement of pair are directed upwards.
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.
