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. And though the price has not broken critical level the assumption that the wave (iv) of [v] has become a Double Three, with a wave y of (iv) in the form of an unfortunate Zigzag, at present, looks optimal. It indirectly specifies in force of an arising local trend in which frameworks the wedge is formed? i of (v).
2. Currency pair EUR/USD.
The final wave of a Skewed Triangle (e) of [iv] which has become a Double Three is probably generated. If the assumption is true, the first waves of an impulse or a Diagonal Triangle [v] of 5 of (1) are already formed.
3. Currency pair GBP/USD.
The wave ii of (v) of [c] is presumably generated. If the assumption is true, it is possible to expect continuation of falling of pair within the limits of impulse formation iii of (v) of [c].
4. Currency pair USD/JPY.
Within the limits of the updated counting, impulse formation (i) of [c] of z presumably comes to an end. If the assumption is true, after correction (ii) of [c] pair growth will proceed in pulse style.
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.
