The daily Wave Analysis for February, 16th, 2012.

1. Currency pair USD/CHF.



Presumably formation of the correctional wave [ii] of 1 has continued . Presumably, it Is taking the shape of  the Double (Triple) Zigzag. If this assumption is correct, in the course of the formation development we can expect the local upward price movement

2. Currency pair EUR/USD.



Presumably formation of the correctional wave [ii] of 1 has continued . Presumably, it Is taking the shape of  the Double (Triple) Zigzag. If this assumption is correct, in the course of  the formation development we can expect the local downward price movement.  

3. Currency pair GBP/USD.



Presumably formation of the correctional wave [ii] of 1 has continued . Presumably, it Is taking the shape of  the Double (Triple) Zigzag. If this assumption is correct, in the course of  the formation development we can expect the local downward price movement.


4. Currency pair USD/JPY.



Presumably formation of the correctional wave iv of (c) has begun . If this assumption is correct, after its completion we can expect an upward price movement in line with the  impulse or Diagonal Triangle formation  v of (c) of [y] of 4.

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

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