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Daily Forex Technicals |
Written by Admiral Markets |
Feb 10 12 03:17 GMT
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The Daily Wave Analysis
Currency pair USD/CHF
Supposedly, is completed the impulse [i] of 1. If this assumption is correct, we can expect a downward price movement in line with the correctional wave formation [ii] of 1.
Currency pair EUR/USD
The wave counting doesn't rule out, that is completed the impulse [i] of 1. If this assumption is correct, we can expect a downward price movement in line with the correctional wave formation [ii] of 1
Currency pair GBP/USD
The wave counting dosen't rule out, that is completed the impulse [i] of C. If this assumption is correct, we can expect a downward price movement in line with the correctional wave formation [ii] of C.
Currency pair USD/JPY
Presumably, the the Double Zigzag [b] of 5 is close to completion . If this assumption is correct, after its completion we can expect a downward price movement in line with the the impulse or Diagonal Triangle formation [c] of 5.
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About the AuthorAdmiral 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.
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