Forex Technical Analysis – The Daily Wave Analysis
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Currency pair USD/CHF
Presumably, within the limits of an impulse () of [b] finishes formation a correctional wave iv of (c). If the assumption is true, after its termination, it is possible to expect short-term falling of pair as an impulse or a Diagonal Triangle v of (c).
Currency pair EUR/USD
Presumably, formation of a correctional wave [b] of B proceeds. Probably, it takes the form of a double (threefold) Zigzag in which frameworks its next phase (y) of [b], at present, is formed. If the assumption is true, in short term, it is possible to expect continuation of growth of pair as Zigzag formation y of (y) of [b].
Currency pair GBP/USD.
Probably correctional wave [b] of X becomes a Flat. If the assumption is true, after end of its wave (b) of [b], it is possible to expect growth of pair as impulse or Diagonal Triangle formation (c) of [b].
Currency pair USD/JPY.
While the pair is in frameworks of the modified scenario. The correctional wave [b] of v, a Diagonal Triangle (v) of [c] of X is presumably formed. If the assumption is true, after its termination, it is possible to count on short-term falling of pair as an impulse or a Diagonal Triangle [C] 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.
