Daily Wave Analysis

1. Currency pair USD/CHF.

While the price moves In line with  expectations. Presumably, the impulse [5] of c of (y) of [ii] is close to completion formation of . If this assumption is correct, after its completion we can expect a downward price movement in line with the impulse formation  i of (i).

2. Currency pair EUR/USD.

Meanwhile the price moves in line with expectations. Presumably, the impulse [5] of c of (y) of [ii] is close to completion. If this assumption is correct, after its completion we canexpect the upward price movement in line with the wave formation  i of (i).  

3. Currency pair GBP/USD.

Presumably the wave [i] of C is taking the shape of the wedge. In  line with it formation the correctional wave (iv) of [i] is forming . If this assumption is correct, after its completion we can expect an upward price movement in course of the Zigzag  formation  (v) of [i].  

4. Currency pair USD/JPY.

Presumably the wave [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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