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.
While expectations have not changed. The wave [1] of iii of (v) is presumably generated. If the assumption, truly after the termination of a correctional wave [2] of iii, pair growth will proceed as wave formation iii of (v).
2. Currency pair EUR/USD.
While expectations have not changed. The wave [1] of iii of (v) is presumably generated. If the assumption, truly after the termination of a correctional wave [2] of iii, pair falling will proceed as wave formation iii of (v).
3. Currency pair GBP/USD.
The wave [1] of v of (v) is presumably generated. And at the given stage the price has dulled to formation of a correctional wave [2] of v. One of possible variants of a counting says that it will burn to take the form of a Double Three or a Flat. If the assumption, truly after the correction termination the descending trend will proceed with new force as an impulse [3] of v.
4. Currency pair USD/JPY.
The yen has a little discharged a situation with uncertainty. The Zigzag (b) of [y] is presumably formed. If the assumption, truly, after its termination it is logical to expect continuation of decrease in pair within the limits of wave formation () of [y] of 5. However the prospective Zigzag can easily be transformed to an impulse. This circumstance, of course, will give certain weight to the alternative scenario which possibility of realisation is considered from the beginning of week.
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.
