The daily Wave Analysis for February, 4th, 2013.

1. Currency pair USD/CHF.

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Supposedly, formation Impulse (v) of [v] of 1 is complete. If this assumption is correct, we can expect an upward price movement in line with wave formation  [a] of 2.  

2. Currency pair EUR/USD.

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The wave counting doesn't rule out, that formation Impulse [v] of 5 of (1) is complete. If this assumption is correct, we can expect a downward price movement in line with wave formation  A of (2).

3. Currency pair GBP/USD.

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Presumably, the Impulse or the Diagonal Triangle (5) of [3] is forming . If this assumption is correct, in the course of the formation development we can expect further downward price movement.

4. Currency pair USD/JPY.

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Supposedly, the Impulse v of (v) of [iii] is close to completion . If this assumption is correct, In line with its formation  we can expect  further upward 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.

 
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