The daily Wave Analysis for September, 23rd, 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.


The price moves according to expectations. However the impulse structure generated within yesterday compels to correct a counting. Probably, the wave [iv] of 5 is generated and finishes formation an impulse [v] of 5 of (A), that in turn assumes fast change of an intermediate term trend in favour of US dollar. But how to be spoken not all so it is simple. I wish to pay your attention that the parity of waves [ii] of 5 and [iv] of 5 in the given variant of a counting looks, to put it mildly it is not characteristic. Therefore I suggest to consider one more variant from which follows, that at the given stage the wave [iii] of 5 is formed and after superficial correction US dollar falling will proceed. The choice as always remains behind the price, formations at smaller levels will allow to make in advance assumptions of its possible choice.



2. Currency pair EUR/USD.

The price moves according to expectations. However the impulse structure generated within yesterday compels to correct a counting. Probably, the wave [iv] of 5 is generated and finishes formation an impulse [v] of 5 of (A), that in turn assumes fast change of an intermediate term trend in favour of US dollar. But how to be spoken not all so it is simple. I wish to pay your attention that the parity of waves [ii] of 5 and [iv] of 5 in the given variant of a counting looks, to put it mildly it is not characteristic. Therefore I suggest to consider one more variant from which follows, that at the given stage the wave [iii] of 5 is formed and after superficial correction US dollar falling will proceed. The choice as always remains behind the price, formations at smaller levels will allow to make in advance assumptions of its possible choice.



3. Currency pair GBP/USD.

The correctional wave [ii] of by S.Vozmozhno it is presumably formed will take the form of a simple Zigzag. If the assumption, truly that after the correction termination it is possible to expect intermediate term strengthening of US dollar.



4. Currency pair USD/JPY.

The wave (i) of [c] of 2 is presumably formed. Probably wave (i) is formed in the form of a wedge, that indirectly specifies in force of an arising trend. If the assumption, truly it opens good prospects for opening of intermediate term long positions.




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.However it is necessary to notice, that overcoming by critical level will force to reconsider a working counting in a root