The daily Wave Analysis for September, 28th, 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.

Presumably wave formation (a) of [iv] which probably proceeds takes the form of a double (threefold) Zigzag. If the assumption, truly it is possible to expect short-term growth of pair in the form of impulse or Diagonal Triangle formation [C] of y of (a).



2. Currency pair EUR/USD.

Presumably wave formation (a) of [iv] which probably proceeds takes the form of a double (threefold) Zigzag. If the assumption, truly it is possible to expect short-term decrease in pair in the form of impulse or Diagonal Triangle formation [C] of y of (a).



3. Currency pair GBP/USD.

Friday formation at local level says that movement downwards, most likely to some extent will proceed, having completed a prospective Zigzag to an impulse. Against it it is quite possible, that wave A of (B) takes the form of a double (threefold) Zigzag which is close to end. If the assumption, truly the nearest direction of pair is directed upwards. Probably, formation of wave B of (B) as probably will begin, that the wave [xx] of A of (B) if wave A decides to take the form of a threefold Zigzag will be formed.



4. Currency pair USD/JPY.
The yen has punched critical level, having transformed a prospective Zigzag in an impulse. Against this fact clearly, that the dominating direction is directed downwards - the impulse 3 of (C) is formed. At present time is not present special sense to do a conclusion about level of waves which form an impulse 3 of (C). As a working variant I will stop that the wave [i] of 3 is formed. In frameworks it is the scenario, probably, the correctional wave (iv) of [i] is formed. As it is not excluded that the wave (iv) of [i] is already generated and the impulse (v) of [i] of 3 is already formed.