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 the pair remains within the limits of the forecast. By the present moment the wave ii of (v) which has become a prompt Double Zigzag is generated and already the first waves of an impulse iii of (v) develop. One of possible counting variants allows to assume, that the sequence of waves 1-2, 1-2 going down levels is formed. If the assumption, truly it can say that arising movement has powerful enough potential.
2. Currency pair EUR/USD.
Presumably the pair remains within the limits of the forecast. By the present moment the wave ii of (v) which has become a prompt Double Zigzag is generated and already the first waves of an impulse iii of (v) develop. One of possible counting variants allows to assume, that the sequence of waves 1-2, 1-2 going down levels is formed. If the assumption, truly it can say that arising movement has powerful enough potential.
3. Currency pair GBP/USD.
The wave iv of (v) which has become a simple Zigzag is presumably generated. Probably at the given stage the first waves of a descending impulse or a Diagonal Triangle v of (v) are already formed. It is necessary to give the report To too time that the given assumption for the present demands the acknowledgement.
4. Currency pair USD/JPY.
One of possible variants of a counting allows to assume, that wave formation (b) of [y] and if the assumption is true can be expected renewal of a descending trend is finished. During too time if the price will complete ascending movement to an impulse the situation can exchange in a root. Probably, in this case, there is a sense to occupy a waiting attitude before clearing of a wave picture.
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.
