Introduction
Intense enough conditions of August among European currency pairs have not confirmed expectations of the July forecast. Besides it has filled the market with variety of possible variants which have the right to existence without a clear advantage before each other specifying to that on that that the price is in a zone бифуркации. Suggesting to consider pair of the most probable from my point of view of variants at present.
Currency pair USD/CHF (the monthly Wave Analysis, 2009)
Presumably finishes formation a wave (A) of [Y]. In one variant (rice s 3 see). The wave 4 of (A) has become a double three, and the price has started formation of an impulse or a Diagonal Triangle of a wave 5 of (A) about the termination around marks 1,01 0,99. In the second variant (rice s3d see) the wave 4 of (A) was generated earlier and already from the end of June the diagonal Triangle of a wave 5 of (A) with more "modest" purposes of the termination in the field of 1,04 is formed.
Currency pair EUR/USD (the monthly Wave Analysis, 2009)
Presumably finishes formation a wave (A) of [Y]. In one variant (rice s 3 see). The wave 4 of (A) has become a double three, and the price has started formation of an impulse or a Diagonal Triangle of a wave 5 of (A) with the termination around marks 1,49-1,52. In the second variant (rice s3d see) the wave 4 of (A) was generated earlier and already the middle of June the diagonal Triangle of a wave 5 of (A) with more "modest" purposes of the termination in the field of 1,45 1,47 is formed.
Currency pair GBP/USD (the monthly Wave Analysis, 2009)
Variant 1.рисунок s1-1b. The wave 4 of (A) which has become a double three is presumably generated. If the assumption, truly, the price has started formation of an impulse or a diagonal Triangle of a wave 5 of (A) with the termination in the field of 1,80-4,85.
Variant 2. Drawing 1-1b d the Wave 4 of (A) was generated earlier and already from the beginning of June the Diagonal Triangle of a wave 5 of (A) with the termination in the field of 1,74 1,77 is formed.
Currency pair USD/JPY (the monthly Wave Analysis, 2009)
The yen remains within the limits of the forecast. The impulse of a wave 3 of (C) of [3] prospective diagonal Triangles of a wave v is presumably formed. If the assumption is true, in September it is possible to expect forward easing USD
Igor Pak
Analyst of company Admiral Markets.
igor.pak@forextrade.ee
