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, formation of the correctional wave (ii) of [iii] has begun. If the assumption is true, after its terminations, the price, not breaking critical level, will continue decrease, as the impulse (iii) of [iii]. However the counting doesn't exclude development of the alternative variant. Within the limits of its realisation it is possible to expect deeper correction as development of the second wave more the larger degree - [ii] of 1.
2. Currency pair EUR/USD.
While the price moves in the expected direction. Presumably, formation of the correctional wave (ii) of [iii] has begun. If the assumption is true, after its end it is possible to expect continuation of growth of pair as the impulse (iii) of [iii]. During too time it is quite possible, that by the present moment of the complete the wave [i] of 1 - look alternative. In such case, expected correction [ii] of 1 will be deeper. Anyhow, development of the situation on smaller degrees will help to be defined in advance with the most probable variant.
3. Currency pair GBP/USD.
Presumably, formation of the impulse (v) of [i] comes to the end. If the assumption is true, after its terminations it is possible to expect reduction of price as development of correction [ii] of C.
4. Currency pair USD/JPY.
While the price moves in the expected direction. Presumably, the wave (i) of [a] is formed. If the assumption is true, after its terminations it is logical to expect development of ascending correction (ii) of [a].
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.
