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.
The Swiss while to be in forecast frameworks. In cancers of the alternative scenario the wave [iv] of 5 is presumably generated and the impulse or a Diagonal Triangle [v] of 5 is already formed. However the probability of that that is generated only the first part of correction [iv] of 5 is high enough. So will not prevent to be ready and by such outcome of events.
2. Currency pair EUR/USD.
Euro similarly while to be in forecast frameworks. In cancers of the alternative scenario the wave [iv] of 5 is presumably generated and the impulse or a Diagonal Triangle [v] of 5 is already formed. However the probability of that that is generated only the first part of correction [iv] of 5 is high enough. So will not prevent to be ready and by such outcome of events.
3. Currency pair GBP/USD.
It is not excluded that the wave [b] of A is already finished. In this case it прияла the Truncated Zigzag form. It indirectly specifies that the potential of growth of cable is high enough. Probably ascending formation of last session not that other, as an impulse (i) of [c]. If this so after correction formation (ii) of [c] there will be a quite good possibility for opening of long positions. During too time the scenario with a wave [b] of B in the form of long horizontal correction is not cancelled yet.
4. Currency pair USD/JPY.
The yen has not received development in a prospective direction, and instead of an expected impulse all model of a wave [ii] of 3 has generated a Zigzag which can quite be a wave (x) of [ii], and will probably take the form of a double (triple) Zigzag.
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.
