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 (v) of [v] in which frameworks the correctional wave ii of (v), at present, is formed proceeds. If the assumption is true, it is possible to expect continuation of growth of pair, as impulse formation iii of (v).
2. Currency pair EUR/USD.
Presumably impulse development [v] of 5 proceeds. One of possible variants of its development is shown in drawing. If the assumption is true, most likely pair falling will proceed.
3. Currency pair GBP/USD.
The cable while remains within the limits of the forecast. Impulse formation (v) of [c] presumably proceeds. The possible variant of its development is shown in drawing. If the assumption is true, most likely the descending trend will proceed.
4. Currency pair USD/JPY.
The correctional wave (ii) of [c] is presumably formed. Probably, it will take the form of a simple Zigzag a-b-c in which frameworks the wave b of (ii) or its first part is generated. If the assumption is true, it is possible to expect continuation of local decrease in pair as formation of an impulse or a Diagonal Triangle with of (ii).
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.
