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.
Expectations have not changed. The wave [v] of 5 in which frameworks is presumably formed the wave (i) of [v] comes to the end. Though at the given stage it is impossible to confirm it with certain confidence. As the wave [iv] still can continue the formation, becoming Corrective Combination.
2. Currency pair EUR/USD.
Expectations have not changed. The wave [v] of 5 in which frameworks is presumably formed the wave (i) of [v] comes to the end. Though at the given stage it is impossible to confirm it with certain confidence. As the wave [iv] still can continue the formation, becoming Corrective Combination.
3. Currency pair GBP/USD.
The cable to similarly European brothers to twins is occupied by impulse formation (i) of [c] of B. If assumptions are true, after expected correction (ii) of [c] can there will be not bad possibilities for planning of long positions.
4. Currency pair USD/JPY.
The wave (y) of [ii] of 3 is presumably formed. Which will probably be generated in the form of a certain zigzag formation. If the assumption is true. That nearest direction of pair upwards.
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.
