Technical Outlook – The Daily Wave Analysis – 02.08.2010
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Currency pair USD/CHF
Presumably impulse formation [v] of A comes to an end. If the assumption is true, in the ambassador of its termination, it is possible to expect the beginning of intermediate term growth of pair as construction of correctional wave B of (2).
Currency pair EUR/USD
Within the limits of the updated counting, impulse formation (v) of [c] of A comes to an end. If the assumption is true, in short term the pair will grow in frameworks of formation of an impulse or a Diagonal Triangle v of (v) then, it is possible to expect the beginning of intermediate term falling of euro as formation of correctional wave B of (2).
Currency pair GBP/USD.
Continuation of growth of a cable compels to reconsider a current counting at younger levels. One of possible variants is presented in drawing. Impulse formation (v) of [c] of W presumably comes to an end. If the assumption is true, after short-term growth as a wave complete set v of (v) of [c] of W, it is possible to expect the beginning of falling of pair as formation of a correctional wave X of (Y) of [X].
Currency pair USD/JPY.
The yen while is in forecast frameworks. The impulse v of (v) of [c] which is close to end is presumably formed. If the assumption is true, in short term, the pair will fall still, as formation of an impulse or a Diagonal Triangle [5] of v
About the Author
Notes
- 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.
- 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.
- As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.
- 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.
- 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.
