FOREX TRADING

Currency pair USD/CHF

The assumption is visible about, the wave termination iv of (iii) was a little premature. However while, expectations have not changed. Probably, the wave iv of (iii) has become a deep Zigzag which by the present moment is finished. If the assumption is true, it is possible to expect continuation of a descending trend as an impulse or a Diagonal Triangle v of (iii).

Currency pair EUR/USD

Presumably, within the limits of impulse construction (с) of [b] finishes formation a wave iii of (c) If the assumption truly, after its termination can expect superficial correction iv of (c) then one more throw as an impulse or a Diagonal Triangle v of (c), logically, should follow. Such are expectations for a week, however, as it often happens, the price in this respect can have other opinion.

Currency pair GBP/USD.

While expectations remain former. Formation of a correctional wave [b] of X presumably proceeds. In the circumstances it becomes clear, that a prospective Flat, starts to give way to more difficult combination – probably, it will be a Triangle or other form of a Corrective Combination. If the assumption is true, such situation can last over the weekend.

Currency pair USD/JPY.

Presumably, the wave v a Diagonal Triangle (v) of [c] will become a Double Zigzag. The possible variant is shown its counting in drawing. If the assumption is true, it is possible to expect continuation of a descending trend as construction of the rest of a wave v of (v).

About the Author

Admiral Markets

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.