The daily Wave Analysis for February, 21st, 2012.
1. Currency pair USD/CHF.
Presumably, formation of the correctional wave (ii) of [iii] has begun . If this assumption is correct, in the course of the formation development we can expect а local upward price movement.
2. Currency pair EUR/USD.
Supposedly, formation of the correctional wave (ii) of [iii] has begun . If this assumption is correct, in the course of the formation development we can expect a downward price movement.
3. Currency pair GBP/USD.
Presumably, the impulse (i) of [iii] is completed. If this assumption is correct, to It is quite natural to expect a downward price movement in line with the correctional wave formation (ii) of [iii] of C.
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 the impulse or Diagonal Triangle formation v of (c).
Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee
At any use of the analytical material taken from the site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for the dealing center «Admiral Markets», the reference to the company site is obligatory.
Igor Pak
Wave Analyst
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