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.
All the same as a wave y of (iv) the Swiss has decided to generate a high-grade Zigzag [A] - [b] - [C] of y. Expectations have not changed. Presumably correctional wave (iv) of [v] is generated, having taken the form of a Double Three. If the assumption is true, the impulse or a Diagonal Triangle (v) of [v] already develops, that in turn says that an ascending trend of pair to proceed.
2. Currency pair EUR/USD.
The euro as remains within the limits of the forecast. Presumably the price has started impulse or Diagonal Triangle formation [v] of 5.
3. Currency pair GBP/USD.
While the price confirms made before the assumption. Probably, at present the impulse or a Diagonal Triangle [c] of (Y) of (B) is formed. That in turn says that pair decrease, most likely, will proceed.
4. Currency pair USD/JPY.
The price has moved in an expected direction. Probably, the wave (ii) of [c] of z is formed. If the assumption is true, after its termination the ascending trend will proceed.
However it is not necessary to forget about an alternative variant, chances of its realisation also are high enough. Probably, the structure a wave of smaller level will specify in advance in a price choice.
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.
