Monthly Wave Analysis

1. Currency pair USD/CHF.

Supposedly, formation of the impulse [iii] of 1 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.

Supposedly, formation of the the impulse [iii] of [iii] of 1 has begun . If this assumption is correct, in the course of the formation development we can expect an upward price movement.

3. Currency pair GBP/USD.

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

4. Currency pair USD/JPY.

Supposedly, in formation of the impulse or Diagonal Triangle [5] of v has begun . 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

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.