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.
Introduction
In the today's forecast of euro and the Swiss it would be desirable to return to an old variant of a counting which, in my opinion, most proportionally describes a situation though, frankly speaking, and it is not deprived certain stretches.
1. Currency pair USD/CHF.
Presumably finishes formation a wave (iv) of [v] of 5. Probably it takes the form of a Flat Correction. If the assumption, truly in short-term prospect the US dollar will update again minima as wave formation (v) of [v] of 5. In case of overcoming of critical levels it is necessary to pass to an alternative variant.
2. Currency pair EUR/USD.
Presumably finishes formation a wave (iv) of [v] of 5. Probably, it takes the form of a Flat Correction. If the assumption, truly in short-term prospect the US dollar will update again minima as wave formation (v) of [v] of 5. In case of overcoming of critical levels it is necessary to pass to an alternative variant.
3. Currency pair GBP/USD.
The cable has presumably passed to wave formation (b) of [b]. While unfortunately, there is no unequivocal information which would allow to make assumptions of the future models as waves (b) of [b] and [b] of B. It is necessary to wait patiently for helps at smaller wave levels for preparation of possible trading plans.
4. Currency pair USD/JPY.
The yen is presumably occupied by formation of a wave с of (y) - the second foot of a Double Zigzag (y) of [ii] of 3. If the assumption, truly in short-term prospect of steam will continue growth.
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.
