The daily Wave Analysis for January, 25th, 2012.

Notes

1. To date, Wave Analysis - is the most flexible, powerful and promising tool, which allows for all time intervals to predict the trends that lead to certain changes in the financial schedules

2. One of the properties of this tool is its lack of formalisation, on the basis of which, the opinion of the author of this forecast, made on the basis of the Wave Analysis, is always subjective.

3. Since the wave pattern is constantly changing, the forecast based on Wave Analysis reflects the opinion of the author at the time of publication of the forecast.

4. Wave Analysis is not a trading system. This is not a signal generator to enter into or exit from the transaction, thus inflicted on a schematic chart the direction of price movement should not be a trader guide to action for opening positions.

5. In the case of the formation of market conditions, which, according to the author can use to draw up a trading plan, the chart will be further specified levels confirm the scenario, the optimal levels of inputs and the abolition of the selected scenario.



1. Currency pair USD/CHF.



Presumably, the impulse or the Diagonal Triangle v of (v) is formed. If the assumption is true, after its terminations it is possible to expect the beginning of development of ascending correction [ii] of 1.

2. Currency pair EUR/USD.



Presumably, the wave (v) of [i] is formed. If the assumption is true, after its terminations it is logical to expect the beginning of development of the descending correctional wave [ii] of 1.  

3. Currency pair GBP/USD.



Presumably, the price has started formation of the wave v of (iii). If the assumption is true, after its end it is possible to expect development of correction within the limits of the wave (iv) of [i].

4. Currency pair USD/JPY.



Growth of the price and overcoming of critical level, force to reconsider the counting. On the picture one of possible variants. Presumably, the correctional wave 4 Diagonal Triangles (5) of [5] of v is still formed. Probably, it becomes the horizontal Triangle or the Triple Three, after terminations which can be expected reduction of price as the wave (Zigzag) 5 of (5).  


Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee

At any use of the analytical material taken from the site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for the dealing centre «Admiral Markets», the reference to the site of the company is obligatory.