FOREX TRADING

Currency pair USD/CHF

Conditional critical level is once again broken, besides, a wave [b] prospective Expanded Flat B of (2) at level of the limiting sizes. It persistently specifies all in necessity of revision of the scenario. The variants considering behaviour of the price will be considered in the near future and published in section of the monthly analysis. Within the limits of the considered scenario, formation of an impulse with of (y) of [b] presumably comes to an end. If the assumption is true, after its termination it is possible to expect growth of pair as an impulse or a Diagonal Triangle [c] of B.

Currency pair EUR/USD

Presumably, the price has started impulse or Diagonal Triangle formation (c) of [b]. If the assumption is true, after its termination it is possible to expect falling of pair as wave construction [c] of B.

Currency pair GBP/USD.

Presumably the impulse with of (b), within the limits of Expanded Flat correction formation [b] of X develops. If the assumption is true, after its termination it is possible to count on growth of pair as an impulse or a Diagonal Triangle (c) of [b] of X.

Currency pair USD/JPY.

While the Yen is in forecast limits. Presumably, formation of a correctional wave (ii) of [a] comes to an end. If the assumption is true, after its termination it is possible to expect growth of pair as an impulse (iii) of [a].

About the Author

Admiral Markets

Notes

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.