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 price remains within the limits of the forecast. Wave formation (v) of [v] of 5 presumably proceeds. One of possible variants of a working counting does not exclude that it will take the form of a Diagonal Triangle.
2. Currency pair EUR/USD.
The euro also while remains within the limits of the forecast. Similarly with the Swiss wave formation (v) of [v] of 5 proceeds. One of possible variants of a counting as does not exclude that the wave (v) of [v] will be generated in the form of a Diagonal Triangle.
3. Currency pair GBP/USD.
The cable has presumably started formation of a final fifth wave of an impulse (v) of [a] within the limits of formation of wave B of (B). If it so in the short-term plan, it is necessary to expect ascending movement.
4. Currency pair USD/JPY.
The yen, for last days, strictly speaking, has not brought the cardinal information for counting revision, however and has not cancelled the considered scenario. Probably, wave formation b of (x) is finished? If, the assumption, truly, the nearest short-term prospect - pair falling. During too time this version still demands certain acknowledgement.
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.
