The daily Wave Analysis for January, 26th, 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.



It is not excluded, that the complet the superficial correctional wave [ii] of 1, and the impulse [iii] of i is already formed. If the assumption is true, within the limits of its complete set it is possible to expect the further falling of US dollar.

2. Currency pair EUR/USD.



It is impossible to exclude, that the complet the superficial correctional wave [ii] of 1 and is already formed the impulse [iii] of 1. If it so within the limits of its complete set it is logical to expect continuation of growth of the price.  

3. Currency pair GBP/USD.



Presumably, formation of the impulse or the Diagonal Triangle (v) of [i] has begun. If the assumption is true, within the limits of its development it is possible to expect continuation of growth of the price.

4. Currency pair USD/JPY.



Probably, correctional wave 4 of (5) completes, formally having taken the form of the Triple Three. If the assumption is true, formation of the descending wave [a] of 5 has already begun.

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.