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Home » The daily Wave Analysis for February, 6th, 2012.

The daily Wave Analysis for February, 6th, 2012.


1. Currency pair USD/CHF.

Presumbaly formation of an correctional wave (b) of Flat [ii] of 1 has continued . If this assumption is correct, after its completion we can expect a short-term upward price movement in line with the the impulse or Diagonal Triangle formation (c) of [ii].

2. Currency pair EUR/USD.

Presumbaly formation of the correctional wave (b) of [ii] has continued . If this assumption is correct, after its completion, we can expect a downward price movement in line with the impulse or  Diagonal Triangle formation (c) of [ii].

3. Currency pair GBP/USD.

Supposedly, the wave (v) of [i] is taking the shape of the Diagonal Triangle. Presumably its wave iv of (v) is completed. If this assumption is correct, we can expect an upward price movement in line with the wave's formation v of (v) of [i].

4. Currency pair USD/JPY.

Supposedly, formation of the correctional wave [b] of 5 has begun . If this assumption is correct, after its completion we can expect a downward price movement in line with the impulse or Diagonal Triangle formation [c] of 5.

Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee

At any use of the analytical material taken from site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for dealing center «Admiral Markets», the reference to site of the company is obligatory.

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