In section the monthly analysis is published the forecast for July, 2010
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 wave formation [iii] of A comes to the end. If the assumption is true, it is necessary to expect the beginning of growth of pair in Corrective Style as wave formation [iv] of A.
2. Currency pair EUR/USD.
In the circumstances the assumption that the wave [i] or [and] of A and at present is generated looks optimal, formation of a correctional wave [ii] or [b] of A which takes the form of a simple Zigzag comes to an end. At the same time it is not excluded, that the mentioned Zigzag is only the first part of a wave [ii] or [b] of A b its formation still to proceed. Anyhow, after its end, it is possible to expect local growth of pair. Character and dynamics of expected movement will help to identify its essence.
3. Currency pair GBP/USD.
While expectations have not changed. The wedge [i] of 1 is presumably generated
The begun descending movement of pair is not excluded, that, it is a wave i of (a) of [ii], with all following consequences. At the same time acknowledgement to it while is not present, and if, critical level will be overcome, the counting should be reconsidered.
4. Currency pair USD/JPY.
Within the limits of the updated counting (look the forecast for July, 2010) formation of a Zigzag X of (Y) comes to an end. If the assumption is true, after the termination of formation of a wave (v) of [c] of X it is possible to expect the beginning of intermediate term growth of US dollar as formation of wave Y of (Y) of [4].
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.
