Currency pair USD/CHF (the monthly Wave Analysis, August, 2009).
Summing up for July, it is possible to ascertain that the price remains within the limits of the forecast described in the beginning of July.Probably on Friday 31 07 2009 years, have come to the end formation of a wave 4 of (A) which has taken the form of a Triple Three. If the assumption, truly in August it is possible to expect formation of a wave 5 of (A) of [Y] in the form of an impulse or a diagonal Triangle. More detailed reflexion of a situation will be shown in daily reports in a heading the daily Wave Analysis.
Currency pair EUR/USD (the monthly Wave Analysis, August, 2009).
Summing up for July, it is possible to ascertain, what the price remains within the limits of the forecast described in the beginning of July. Probably on Friday 31 07 2009 years, have come to the end formation of a wave 4 of (A) which has taken the form of a Skewed Triangle. If the assumption, truly in August it is possible to expect formation of a wave 5 of (A) of [Y] in the form of an impulse or a diagonal Triangle. More detailed reflexion of a situation will be considered in daily reports in a heading the daily Wave Analysis.
Currency pair GBP/USD (the monthly Wave Analysis, August, 2009).
July has shown, what cable, synchronously with the European currencies confirms the forecast made in the beginning of July. Probably on Friday 31 07 2009 years, have come to the end formation of a correctional wave 4 of (A) which has taken the form of a Running Triangle. If the assumption, truly in August it is possible to expect formation of a wave 5 of (A) of [Y] in the form of an impulse or a diagonal Triangle. More detailed reflexion of a situation will be shown in daily reports in a heading the daily Wave Analysis.
Currency pair USD/JPY (the monthly Wave Analysis, August 2009)
The Japanese Yen confirms the assumptions made in the beginning of July. Within the limits of the described scenario the wave 1of (C) of [3] diagonal Triangles of a wave v which finishes the global impulse developing since 1982 is generated. If the assumption, truly in August, after end of formation of a correctional wave 2 of (C) it is possible to expect intermediate term falling of US dollar. If the price breaks critical level corresponding to the given scenario, the counting should be reconsidered. More detailed reflexion of a situation will be considered in daily reports in a heading the daily Wave Analysis.
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.
