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 picture 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 price has moved in a predicted direction, however it is obvious that movement has not received development. It is a high time to pay attention to the alternative scenario. It is not excluded, that the simple Zigzag of a wave [iv] of 5 is generated. But considering rather small depth which is not peculiar to such model, probably, it only the first part of a formed wave [iv] of 5 within the limits of formation of a certain form of Corrective Combination.
2. Currency pair EUR/USD.
The price has moved in a predicted direction, however it is obvious that movement has not received development. It is a high time to pay attention to the alternative scenario. It is not excluded, that the simple Zigzag of a wave [iv] of 5 is generated. But considering rather small depth which is not peculiar to such model, probably, it only the first part of a formed wave [iv] of 5 within the limits of formation of a certain form of Corrective Combination.
3. Currency pair GBP/USD.
Obviously, the cable has stopped the choice on formation of horizontal correction as a wave [b] of B. If this assumption is realised, after the correction termination it is necessary to expect impulse movement within the limits of wave formation [c] of B with the termination in the field of 1,7100-1,7300.
4. Currency pair USD/JPY.
The yen practically has not changed a situation, therefore actually and the nearest expectations without changes. The impulse [iii] of 3 is presumably formed. Acknowledgement to it will be fastening of the price below value 98,15. Otherwise it is necessary to pass to the alternative scenario.
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.
