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The daily Wave Analysis for February, 23rd, 2012.


1. Currency pair USD/CHF.

Supposedly the correctional wave (ii) of [iii] is completed. If this assumption is correct, we can expect a downward price movement in line with the impulse formation (iii) of [iii].

2. Currency pair EUR/USD.

Supposedly, the correctional wave (ii) of [iii] is completed. If this assumption is correct, we can expect an upward price movement in line with the impulse formation (iii) of [iii].

3. Currency pair GBP/USD.

The Double Three [ii] of C is presumably, close to completion . If this assumption is correct, after its completion we can expect an upward price movement in line with the impulse formation [iii] of C.

4. Currency pair USD/JPY.

the impulse v of (c) of [y] of 4 is presumably, close to completion . If this assumption is correct, after its completion we can expect a downward price movement in line with the wave formation 5 of (5).

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.