Currency pair USD/CHF
While intermediate term expectations remain without changes. The final fifth wave [v] large impulse A or 1 of (C) is presumably formed. One of possible variants of its realisation is Diagonal Triangle formation at which the wave (i) of [v] was generated. If the assumption, truly the part of May will be devoted formation of a correctional wave (ii) of [v] after end which US dollar strengthening will proceed. (eur usd downwards).
At the same time proportions of ascending movement which is formed from the end of last year, allow to consider, that by the given moment impulse A or 1 of (C) already is completely generated also the price has already started formation of correctional wave B of (C). In this case intermediate term prospects of US dollar others. And though the given assumption still demands the acknowledgement better to be ready to it in advance.
Currency pair EUR/USD
While intermediate term expectations remain without changes. The final fifth wave [v] large impulse A or 1 of (C) is presumably formed. One of possible variants of its realisation is Diagonal Triangle formation at which the wave (i) of [v] was generated. If the assumption, truly the part of May will be devoted formation of a correctional wave (ii) of [v] after end which US dollar strengthening will proceed. (eur usd downwards).
At the same time proportions of descending movement which is formed from the end of the past, allow to consider year, that by the given moment impulse A or 1 of (C) already is completely generated also the price has already started formation of correctional wave B of (C). In this case intermediate term prospects of US dollar others. And though the given assumption still demands the acknowledgement better to be ready to it in advance.
Currency pair GBP/USD
It is obvious, that the price has preferred an alternative variant of a counting which has been presented in the forecast for April. I will remind its idea: the correctional wave [b] Zigzag Y, within the limits of formation of a large wave (B) of [X] is presumably formed.
Probably wave [b] of Y takes the form of a Triple Zigzag, and the part of May will be devoted ascending movement of pair within the limits of wave construction (z) of [b]. Overcoming of the price of a mark 1,5524 will be acknowledgement of this scenario. It is necessary to note that probability of that that the wave [b] of Y is already generated also exists but in my opinion its urgency falls.
Moreover the variant has notable probability has a variant more with more serious consequences for US dollar in immediate prospects (look a variant 1с). Its idea that the wave (B) of [Y] is already generated in the form of a Double Zigzag, and ascending movement which is formed from the end of March, 2010 is a wave of 1 large impulse () of [X] with all consequences following from here. But it is not necessary to hurry events as the given assumption still demands the complex of acknowledgement.
Currency pair USD/JPY
The working counting of intermediate term movement is a little changed. However idea and expectations while remain former. Formation of a wave [4] large Diagonal Triangles v presumably proceeds. Probably, it takes the form of a Double Three and after its termination the price will start to fall, forming the next Zigzag [5 v. during too time there is no confidence that the wave [4] of 5 will not accept more difficult form being transformed in a Triple Three or a horizontal Triangle. If the assumption, truly, that, most likely the most part of May is devoted continuation of growth of pair as formation of Zigzag Y of (Y) of [4].
Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee
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