The daily Wave Analysis for October, 9th, 2009.

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.

Unfortunately, the price continues to remain in a zone бифуркации, being between the levels which overcoming will allow to define the most probable scenario of succession of events. It is necessary to wait or follow the price at smaller levels. It is excessive to say, that game in such situation is connected with the raised risk. And, nevertheless, within the limits of scenario S3 Triangle Alt the wave (a) of [iv] of 5 is presumably generated. If the assumption, is true, logical to expect strengthening of US dollar as wave formation (b) of [iv].



2. Currency pair EUR/USD.

Unfortunately, the price continues to remain in a zone бифуркации, being between the levels which overcoming will allow to define the most probable scenario of succession of events. It is necessary to wait or follow the price at smaller levels. It is excessive to say, that game in such situation is connected with the raised risk. And, nevertheless, within the limits of scenario S3 Triangle Alt the wave (a) of [iv] of 5 is presumably generated. If the assumption, is true, logical to expect strengthening of US dollar as wave formation (b) of [iv].



3. Currency pair GBP/USD.

The cable has broken geometry of a prospective Triangle of a wave (iv) of [c] of A. However while the generated model remains within the limits of long horizontal correction, not changing expectations. Probably wave (iv) of [c] takes the form of Double (Triple Three). If the assumption, truly after correction end (iv) it is possible to expect impulse or Diagonal Triangle formation (v) of [c] of A.




4. Currency pair USD/JPY.

The yen remains within the limits of the forecast, is forward forming a Diagonal Triangle v of (v) of [i] which working counting is a little changed. If the assumption, truly, for its end the price needed to generate an impulse (C) of [5] of v.



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,