The daily Wave Analysis for May, 21st, 2012.

1. Currency pair USD/CHF.



Meanwhile the price moves in line with expectations. Presumably formation of the wave i of (i) has begun. If this assumption is correct, in the course of the formation development we can expect a downward price movement.

2. Currency pair EUR/USD.



Presumably,  the wave i of (i) is forming. If this assumption is correct, in the course of the formation development we can expect the further upward price movement.

3. Currency pair GBP/USD.



Presumably, the impulse c of (iv) is close to completion . If this assumption is correct, after its completion we can expect an upward price movement in line with the wave formation  a of (v).  

4. Currency pair USD/JPY.



Presumably, the impulse [iii] of 3 is forming. If this assumption is correct, in the course of the formation development we can expect a downward price movement.

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

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