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.
It is the most probable, that at the given stage the correctional structure (iv) of [v] of 5 is formed. Probably, it will take the form of a horizontal Triangle or other model of a class of Corrective Combinations. If the assumption, truly upon termination of correction US dollar falling will proceed.
2. Currency pair EUR/USD.
It is the most probable, that at the given stage the correctional structure (iv) of [v] of 5 is formed. Probably, it will take the form of a horizontal Triangle or other model of a class of Corrective Combinations. If the assumption, truly upon termination of correction US dollar falling will proceed.
3. Currency pair GBP/USD.
The cable to similarly euro and the Swiss, most likely, forms correctional structure (iv) of [a]. Probably, it will be a dispersing Triangle or a Triple Three. If the assumption, truly after the termination of correctional structure the ascension will proceed.
4. Currency pair USD/JPY.
One of possible variants of the description of a current situation assumes end of the first phase of correction it can be (a) or (w) of [ii] of 3. In turn also it is not excluded, that at the given stage, all wave [ii] of 3 is already generated. Depth and structure of prospective descending movement can clear a situation.
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.
