The Daily Wave Analysis – 09.07.2010
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Currency pair USD/CHF
Presumably, the price has started wave formation v of (iii). If the assumption is true, it is necessary to expect continuation of a descending trend as an impulse or a Diagonal Triangle.
Currency pair EUR/USD
Presumably, the price has started formation of a correctional wave iv of (c) of [b]. If the assumption is true, after its termination, it is possible to expect one more throw of euro upwards as an impulse or a Diagonal Triangle v of (c).
Currency pair GBP/USD.
Probably, the wave [A] of (d) a horizontal Triangle [b] of X is generated. If the assumption is true, after the termination of a correctional wave [b] of (d) it is possible to expect local falling of pair as an impulse or a Diagonal Triangle [C] of (d).
Currency pair USD/JPY.
Presumably, the price has started wave formation [Y] of v of (v). Probably, within the limits of its construction the wave (A) of [Y] is already generated. If the assumption is true, after the wave termination (B), it is possible to expect pair falling, as an impulse or a Diagonal Triangle (C) of [Y].
Currency pair AUD USD
The Australian continues to come nearer to critical level of the considered scenario. In this connection, there is a sense to consider becoming ripe alternative. Probably, at the senior level the large Zigzag [A] – [b] – [C] of b develops. Within the limits of its construction, the price has started formation of an impulse or a Diagonal Triangle of a wave (5) of [C] of b. At smaller level it is not absolutely clear yet, what model will be chosen by the price as a wave (5) of [C]. The pair of possible variants is put on the chart. In the basic variant, a certain correctional design 4 of (v) is presumably formed. Probably, it will be a Flat or a horizontal Triangle in which frameworks the wave [b] of 4 comes to an end. If the assumption is true, after the Zigzag termination [b] of 4 steams will decrease as a wave [c]? of 4. In too time, at the given stage, the prospective Zigzag [b] of 4 can be transformed to an impulse then transition to alternative specified in the top part of the chart is possible.
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.
