Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Annual-05 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]MONTHLY Wave Analysis, December, 2005
1. USD/CHF
For CHF survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0512/051219090947.gif
Figure 1. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed and first waves of many-weeks uptrend are forming. Wave high is the critical level for this scenario.
The nearest alternative variant (refer to Depth of the Current Retracement will specify further price movement (in Russian), is shown in the upper part of the chart.
In the mid-term plan wave Х completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0512/051219091032.gif
Figure 2. Wave counting on 120M chart.
First waves of many-weeks uptrend are supposed to be forming.
In the short-term plan wave completion is expected to be confirmed, uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051219091114.gif
Figure 3. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed or almost completed. Wave high is the critical level for this scenario.
The nearest alternative variant (refer to Depth of the Current Retracement will specify further price movement (in Russian), is shown in the lower part of the chart.
In the mid-term plan wave Х completion is expected to be confirmed. Downtrend is supposed to begin. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0512/051219091158.gif
Figure 4 . Wave counting on 120M chart.
Wave is supposed to be almost completed.
In the short-term plan wave completion is expected to be confirmed. Downtrend is expected to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051219091251.gif
Figure 5 . Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed or almost completed. Wave high is the critical level for this scenario.
The nearest alternative variant (refer to Depth of the Current Retracement will specify further price movement (in Russian), is shown in the lower part of the chart.
In the mid-term plan wave Х completion is expected to be confirmed. Downtrend is supposed to begin. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0512/051219091329.gif
Figure 6. Wave counting on 120M chart.
Wave is supposed to be almost completed.
In the short-term plan wave completion is expected to be confirmed. Downtrend is expected to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051219091410.gif
Figure 7 . Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed and first waves of uptrend are forming. Wave high is the critical level for this scenario.
In the mid-term perspective wave X completion is expected to be confirmed. Uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0512/051219091446.gif
Figure 8 . Wave counting on 120M chart.
First waves of uptrend are supposed to be forming.
In the short-term plan wave completion is expected to be confirmed. Uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]FOREX forecast, 2005 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]“…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]At Cross-Road (in Russian)[*]New Wave Pattern and New Classification of Extended Corrections in the FOREX Market.[*]MONTHLY Wave Analysis, December, 2005[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comDecember, 19, 2005The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Annual-05 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]MONTHLY Wave Analysis, December, 2005
1. USD/CHF
For CHF survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0512/051220082843.gif
Figure 1. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed and first waves of many-weeks uptrend are forming. Wave high is the critical level for this scenario.
The nearest alternative variant (refer to Depth of the Current Retracement will specify further price movement (in Russian), is shown in the upper part of the chart.
In the mid-term plan wave Х completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0512/051220082924.gif
Figure 2. Wave counting on 120M chart.
First waves of many-weeks uptrend are supposed to be forming.
In the short-term plan wave completion is expected to be confirmed, uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051220083005.gif
Figure 3. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed or almost completed. Wave high is the critical level for this scenario.
The nearest alternative variant (refer to Depth of the Current Retracement will specify further price movement (in Russian), is shown in the lower part of the chart.
In the mid-term plan wave Х completion is expected to be confirmed. Downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0512/051220083047.gif
Figure 4 . Wave counting on 120M chart.
Wave is supposed to be almost completed.
In the short-term plan wave completion is expected to be confirmed. Downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051220083130.gif
Figure 5 . Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed or almost completed. Wave high is the critical level for this scenario.
The nearest alternative variant (refer to Depth of the Current Retracement will specify further price movement (in Russian), is shown in the lower part of the chart.
In the mid-term plan wave Х completion is expected to be confirmed. Downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0512/051220083214.gif
Figure 6. Wave counting on 120M chart.
Wave is supposed to be almost completed.
In the short-term plan wave completion is expected to be confirmed. Downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051220083256.gif
Figure 7 . Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed and first waves of uptrend are forming. Wave high is the critical level for this scenario.
In the mid-term perspective wave X completion is expected to be confirmed. Uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0512/051220083336.gif
Figure 8 . Wave counting on 120M chart.
First waves of uptrend are supposed to be forming.
In the short-term plan wave completion is expected to be confirmed. Uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]FOREX forecast, 2005 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]“…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]New Wave Pattern and New Classification of Extended Corrections in the FOREX Market.[*]MONTHLY Wave Analysis, December, 2005[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comDecember, 20, 2005The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Annual-05 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]MONTHLY Wave Analysis, December, 2005
1. USD/CHF
For CHF survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0512/051221073104.gif
Figure 1. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed and first waves of many-weeks uptrend are forming. Wave high is the critical level for this scenario.
In the mid-term plan uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0512/051221073147.gif
Figure 2. Wave counting on 120M chart.
First waves of many-weeks uptrend are supposed to be forming.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051221073229.gif
Figure 3. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed. Wave high is the critical level for this scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0512/051221073308.gif
Figure 4 . Wave counting on 120M chart.
First waves of many-weeks downtrend are supposed to be forming.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051221073351.gif
Figure 5 . Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed. Wave high is the critical level for this scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0512/051221073442.gif
Figure 6. Wave counting on 120M chart.
First waves of many-weeks downtrend are supposed to be forming.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051221073526.gif
Figure 7 . Wave counting on 480M chart.
Wave Х took the form of a simple zigzag with wave in the shape of an impulse. Wave X is supposed to be completed and first waves of uptrend are forming. Wave high is the critical level for this scenario.
In the mid-term perspective uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0512/051221073606.gif
Figure 8 . Wave counting on 120M chart.
First waves of uptrend are supposed to be forming.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]FOREX forecast, 2005 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]“…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]New Wave Pattern and New Classification of Extended Corrections in the FOREX Market.[*]MONTHLY Wave Analysis, December, 2005[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comDecember, 21, 2005The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd.
Ad
I am often asked about GBP/JPY, EUR/JPY. I still think that after extended correction price upward thrust should be awaited. Correction may continue till March, 2006.
Though according to the alternative scenario, upward movement may be finished in March, 2006.
In details, problems with these cross-rates will be described next year.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Annual-05 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]MONTHLY Wave Analysis, December, 2005
1. USD/CHF
For CHF survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0512/051222083753.gif
Figure 1. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag. First waves of many-weeks uptrend are supposed to be forming. Wave high is the critical level for this scenario.
In the mid-term plan uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 2 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051222083844.gif
Figure 2. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag. First waves of many-weeks downtrend are supposed to be forming. Wave high of the renewed counting is the critical level for this scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051222083931.gif
Figure 3. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag. First waves of many-weeks downtrend are supposed to be forming. Wave high of the renewed counting is the critical level for this scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, December, 2005. Refer to Figure 4 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0512/051222084041.gif
Figure 4. Wave counting on 480M chart.
Wave Х took the form of a simple zigzag. First waves of many-weeks uptrend are supposed to be forming. Wave high of the renewed counting is the critical level for this scenario.
In the mid-term perspective uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
5. USD/CAD
Supposition that wave (B) was forming in the shape of a triple zigzag was confirmed (refer to Illustrated CAD (EWA of USD/CAD) (in Russian)). The nearest target (1.1443), defined in September (refer to CAD Himself (alternative USD/CAD), was tested (December low = 1.1425).
http://www.alpari-forex.com/files/0512/051222084128.gif
Figure 5. Wave counting on the daily chart.
Wave (C) of (expanded) flat is supposed to be forming. Its targets will be described later.
6. EUR/JPY
Though the first target was tested and the second one was almost reached, forecasted 20 figures may be still ahead ( Possible Trade of 20 Figures Length (in Russian)).
http://www.alpari-forex.com/files/0512/051222084214.gif
Figure 6. Wave counting on the weekly chart.
Extended correction is supposed to be assuming the shape of running triple three, that is the prior pattern in the many-months impulse (refer to New Wave Pattern and New Classification of Extended Corrections in the FOREX Market).
According to the alternative variant, running triple three may have been completed already and wave (5) may be forming in the shape of a diagonal triangle.
Robert Prechter has his own view at possible wave counting of this currency pair (refer to Figure 7 below). His team's counting may be found in the Internet.
http://www.alpari-forex.com/files/0512/051222084305.gif
Figure 7. Wave counting of Robert Prechter's team on the weekly chart.
Only one of these variants is correct. May be, it is Robert Prechter's one.
7. GBP/JPY
Though the first target was tested and the seconf one is almost reached, forecasted 25 figures may be still ahead ( Another 25+ figures are possible).
http://www.alpari-forex.com/files/0512/051222084548.gif
Figure 8. Wave counting on the weekly chart.
Wave forming of the global horizontal triangle is almost completed. Current extended correction is supposed to be assuming the shape of expanding triangle, that is the prior pattern in zigzag А-В-С (refer to New Wave Pattern and New Classification of Extended Corrections in the FOREX Market.
According to the alternative scenario horizontal triangle may have been completed already and wave C may be forming in the shape of diagonal triangle.
Reference
[*]FOREX forecast, 2005 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]“…“Imaginary Skewer”...[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]New Wave Pattern and New Classification of Extended Corrections in the FOREX Market.[*]MONTHLY Wave Analysis, December, 2005[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comDecember, 22, 2005The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Ad
I'd like to tell those who are fond of Wave Analysis, that the next DWA you will find on January, 2006. Happy Christmas and Happy New Year! I wish your trading strategies and plans were wise, profits – frequent and losses – miserable.
According to the Chinese calendar, the next year will be the year of the Dog. That is why my and my wife's pets, Pekinese dogs Evridica and Exotica, also wish you happy holidays! ;))
http://www.alpari-forex.com/files/0512/051223071847.jpg
Wish You Good Luck!
Best Regards, Dmitry Voznuy
forDmitry@yahoo.com
Final Charts of December Forecasts and of Forecasts for 2005.
1. Final Charts of December Forecasts
Forecasted in MONTHLY Wave Analysis, December, 2005 price movement remains valid. Trend reverse for the European currencies was above the key pulse point on December, 14, 2005 (refer to Depth of the Current Retracement will specify further price movement (in Russian). The results are shown in Figures Cm, Em, Gm, Ym. For illustration purpose price movement schematic forecast is shown in the chart (red dashed line).
http://www.alpari-forex.com/files/0512/051223072005.gif
Figure Сm. Final Daily Chart of December, 2005 Forecast.
http://www.alpari-forex.com/files/0512/051223072045.gif
Figure Em. Final Daily Chart of December, 2005 Forecast.
http://www.alpari-forex.com/files/0512/051223072125.gif
Figure Gm. Final Daily Chart of December, 2005 Forecast.
http://www.alpari-forex.com/files/0512/051223072208.gif
Figure Ym. Final Daily Chart of December, 2005 Forecast.
2. Final Charts of the Forecasts for 2005.
Forecasted in Annual-05 (in Russian) price movement remains valid. Results are shown in Figures Cy, Ey, Gy, Yy. For illustration purpose price movement schematic forecast is shown in the chart (red dashed line).
http://www.alpari-forex.com/files/0512/051223072305.gif
Figure Сy. Final Weekly Chart of the Forecast for 2005.
http://www.alpari-forex.com/files/0512/051223072345.gif
Figure Ey. Final Weekly Chart of the Forecast for 2005.
http://www.alpari-forex.com/files/0512/051223072422.gif
Figure Gy. Final Weekly Chart of the Forecast for 2005.
http://www.alpari-forex.com/files/0512/051223072503.gif
Figure Yy. Final Weekly Chart of the Forecast for 2005.
Reference
[*]FOREX forecast, 2005 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]“Imaginary Skewer”[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]At the Crossroad[*]New Wave Pattern and New Classification of Extended Corrections in the FOREX Market.[*]MONTHLY Wave Analysis, December, 2005[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comDecember 23, 2005The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06 (in Russian)[*]Monthly-0106 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly-0106 (in Russian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060109110711.gif
Figure 1. Wave counting on 480M chart.
Wave assumed the shape of the flat with wave (с) in the form of the impulse. Wave X low is the critical level for the main scenario.
In the mid-term plan uptrend beginning is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 2 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-idc.ru/files/0601/060109110752.gif
Figure 2. Wave counting on 480M chart.
Wave assumed the shape of the flat with wave (с) in the form of the impulse. Wave X high is the critical level for the main scenario.
In the mid-term plan downtrend beginning is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-idc.ru/files/0601/060109110828.gif
Figure 3. Wave counting on 480M chart.
Wave assumed the shape of the flat with wave (с) in the form of the impulse. Wave X high is the critical level for the main scenario.
In the mid-term plan downtrend beginning is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 4 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060109110906.gif
Figure 4. Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag Wave X low is the critical level for the main scenario.
In the mid-term plan uptrend beginning is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]FOREX forecast, 2006 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]At the Crossroad (in Russian)[*]Monthly Wave Analysis, 0106 (in Russian)[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comJanuary 9, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06 (in Russian)[*]Monthly-0106 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly-0106 (in Russian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060110072814.gif
Figure 1. Wave counting on 480M chart.
Wave assumed the shape of a rough flat with wave (с) in the form of the impulse. Wave X low is the critical level for the main scenario.
In the mid-term plan uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060110072906.gif
Figure 2. Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming. Impulse (c) low is the critical level for this scenario.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060110072950.gif
Figure 3. Wave counting on 480M chart.
Wave assumed the shape of a rough flat with wave (с) in the form of the impulse. Wave X high is the critical level for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060110073033.gif
Figure 4 . Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming. Impulse (c) high is the critical level for this scenario.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060110073120.gif
Figure 5. Wave counting on 480M chart.
Wave assumed the shape of the flat with wave (с) in the form of the impulse. Wave X high is the critical level for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060110073203.gif
Figure 6. Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming, impulse (c) completion is not confirmed yet. Supposed high of impulse (c) is the critical level for this scenario.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060110073251.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag Wave X low is the critical level for the main scenario.
In the mid-term perspective uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060110073330.gif
Figure 8 . Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming, impulse (c) completion is not confirmed yet. Impulse (c) supposed low is the critical level for this variant.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]FOREX forecast, 2006 (in Russian)[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Monthly Wave Analysis, 0106 (in Russian)[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comJanuary, 10, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06 (in Russian)[*]Monthly-0106 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly-0106 (in Russian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060111072805.gif
Figure 1. Wave counting on 480M chart.
Wave assumed the shape of a rough flat with wave (с) in the form of the impulse. Wave X low is the critical level for the main scenario.
In the mid-term plan uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060111072858.gif
Figure 2. Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming. Impulse (c) low is the critical level for this scenario. Rebound (expected wave ii) is favorable for long positions opening.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060111072944.gif
Figure 3. Wave counting on 480M chart.
Wave assumed the shape of a rough flat with wave (с) in the form of the impulse. Wave X high is the critical level for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060111073054.gif
Figure 4 . Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming. Impulse (c) high is the critical level for this scenario. Rebound (expected wave ii) is favorable for short positions opening.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060111073145.gif
Figure 5. Wave counting on 480M chart.
Wave assumed the shape of the flat with wave (с) in the form of the impulse. Wave X high is the critical level for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060111073230.gif
Figure 6. Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming, impulse (c) completion is not confirmed yet. Supposed high of impulse (c) is the critical level for this scenario. Alternative variant is shown in the upper part of the chart.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060111073321.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag Wave X low is the critical level for the main scenario.
In the mid-term perspective uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060111073406.gif
Figure 8 . Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming, impulse (c) completion is not confirmed yet. Impulse (c) supposed low is the critical level for this variant. Alternative variant is shown in the lower part of the chart.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006 (in Russian)[*]Monthly Wave Analysis, 0106 (in Russian)[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comJanuary 11, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
In case the supposition is correct, the third impulse wave in favor of the dollar is expected to be formed. This is the most profitable wave in the classical impulse.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06 (in Russian)[*]Monthly-0106 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly-0106 (in Russian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060112072709.gif
Figure 1. Wave counting on 480M chart.
Wave assumed the shape of a rough flat. Waves X and endings are the critical levels for the main scenario.
In the mid-term plan uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060112073703.gif
Figure 2. Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming. Impulse (c) ending is the critical level for this scenario. Expected wave ii is favorable for long positions opening.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060112072838.gif
Figure 3. Wave counting on 480M chart.
Wave assumed the shape of a rough flat. Waves X and endings are the critical levels for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060112072920.gif
Figure 4 . Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming. Impulse (c) ending is the critical level for this scenario. Expected wave ii is favorable for short positions opening.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060112073001.gif
Figure 5. Wave counting on 480M chart.
Wave assumed the shape of the flat. Waves X and endings are the critical levels for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060112073043.gif
Figure 6. Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming. Impulse (c) ending is the critical level for this scenario. Expected wave ii is favorable for short positions opening. Alternative variant is shown in the upper part of the chart.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106 (in Russian). Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060112073139.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag Waves X and endings are the critical levels for the main scenario.
In the mid-term perspective uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060112073219.gif
Figure 8 . Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming, impulse (c) completion is not confirmed yet. Impulse (c) supposed ending is the critical level for this variant. Expected wave ii is favorable for long positions opening. Alternative variant is shown in the lower part of the chart.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006 (in Russian)[*]Monthly Wave Analysis, 0106 (in Russian)[*]Wave Counting Marking (in Russian)[*]Wave analysis (in Russian)Dmitry Voznuy
forDmitry@yahoo.comJanuary 12, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
By this time expected waves i and of iii of a new trend for CHF and EUR are almost equal in length (the third wave has reached 100% of the length of the first wave). You may remember, in case you have read Robert Balan's book, that the author considered this point to be critical (refer to the alternate variants on the 480M chart).
Moreover he believed that in case the price overpasses 110% level, it is a hard evidence of impulse further development. He recommended to be aggressive and increase profitable positions in this situation.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly-0106. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-idc.ru/files/0601/060113085053.gif
Figure 1. Wave counting on 480M chart.
Wave assumed the shape of a rough flat. In case the price does not overpass 110% level, alternate variant is probable (in the lower part of the chart). Waves X and ii endings are the critical levels for the main scenario.
In the mid-term plan uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-idc.ru/files/0601/060113085129.gif
Figure 2. Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming. Wave ii ending is the critical level for this scenario. Wave iii can reach 262% level, which is at strong resistance.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060113085206.gif
Figure 3. Wave counting on 480M chart.
Wave assumed the shape of a rough flat. In case the price does not overpass 110% level, alternate variant is probable (in the upper part of the chart). Waves X and ii endings are the critical levels for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060113085247.gif
Figure 4 . Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming. Wave ii ending is the critical level for this scenario. Wave iii can reach 262% level, which is at strong resistance.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060113085331.gif
Figure 5. Wave counting on 480M chart.
Wave assumed the shape of the flat. In case prices will move in accordance with the alternative variant, it may turn into a double zigzag. Waves X and endings are the critical levels for the main scenario.
In the mid-term plan downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060113085427.gif
Figure 6. Wave counting on 120M chart.
First waves of a downtrend are supposed to be forming. Impulse (c) ending is the critical level for this scenario. Expected wave ii is favorable for short positions opening.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060113085510.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag Waves X and endings are the critical levels for the main scenario.
In the mid-term perspective uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060113085550.gif
Figure 8 . Wave counting on 120M chart.
First waves of an uptrend are supposed to be forming, impulse (c) completion is not confirmed yet. Impulse (c) supposed ending is the critical level for this variant. Expected wave ii is favorable for long positions opening.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106
[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 13, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Friday, 13 :) prevented the price from breaking Robert Balan's 110% level (refer to Daily Wave Analysis, January 13. 2006).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060116074430.gif
Figure 1. Wave counting on 480M chart.
Depth of the price fall confirms the alternate variant. Wave may be assuming the shape of the double zigzag. Wave X ending is the critical levels for this scenario.
In the mid-term plan wave completion and trend upward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060116074513.gif
Figure 2. Wave counting on 120M chart.
To complete wave short impulse c completion is supposed to be required.
In the short-term plan impulse c is expected to be completed. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060116074556.gif
Figure 3. Wave counting on 480M chart.
Previous critical level break confirms the alternate scenario. Wave may be assuming the shape of the double zigzag. Wave X ending is the critical levels for this scenario.
In the mid-term plan wave completion and trend downward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060116074638.gif
Figure 4 . Wave counting on 120M chart.
To complete wave short impulse c completion is supposed to be required.
In the short-term plan impulse c is expected to be completed. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060116074726.gif
Figure 5. Wave counting on 480M chart.
Wave is supposed to be assuming the shape of the flat. Wave X ending is the critical levels for the main scenario.
In the mid-term plan wave completion and trend downward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060116074809.gif
Figure 6. Wave counting on 120M chart.
Final wave of impulse (с) may be not completed yet.
In the short-term plan impulse (c) completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060116074851.gif
Figure 7 . Wave counting on 480M chart.
Wave is assuming the shape of the simple zigzag Wave X ending is the critical levels for the main scenario.
In the mid-term plan wave completion and trend upward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060116074937.gif
Figure 8 . Wave counting on 120M chart.
Final wave of impulse (c) may be not completed yet.
In the short-term plan impulse (c) completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106
[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 16, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060117073150.gif
Figure 1. Wave counting on 480M chart.
Wave may be assuming the shape of the double zigzag. Wave X ending is the critical levels for this scenario.
On the whole the forecasts are the same. Though the fact that the price intersected the second critical point (wave b ending) may be an indication of many-week uptrend beginning without forming of the forecasted bottom.
In the mid-term plan wave completion and trend upward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 2 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060117073231.gif
Figure 2. Wave counting on 480M chart.
Wave may be assuming the shape of the double zigzag. Wave X ending is the critical levels for this scenario.
On the whole the forecasts are the same. Though the fact that the price intersected the second critical point (wave b ending) may be an indication of many-week downtrend beginning without forming of the forecasted top.
In the mid-term plan wave completion and trend downward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060117073313.gif
Figure 3. Wave counting on 480M chart.
Wave is supposed to be assuming the shape of the flat. Wave X ending is the critical levels for this scenario.
On the whole the forecasts are the same. Though the fact that the price intersected the second critical point (wave iv ending) may be an indication of many-week downtrend beginning without forming of the forecasted top.
In the mid-term plan wave completion and trend downward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 4 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060117073359.gif
Figure 4 . Wave counting on 480M chart.
Wave is assuming the shape of the simple zigzag. Wave X ending is the critical levels for the main scenario.
On the whole the forecasts are the same. Though the fact that the price intersected the second critical point (expected wave iv ending) may be an indication of many-week uptrend beginning without forming of the forecasted bottom.
In the mid-term plan wave completion and trend upward reverse are expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 17, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Within the last several days (e.g. refer to Daily Wave Analysis, January 13. 2006) two opposite variants of wave counting were described. Indeed, depending on the current wave picture either the main or the alternate variant became more valid. Currently neither of them is fully confirmed, though the scale again turned on behalf of the dollar.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060118090856.gif
Figure 1. Wave counting on 480M chart.
Wave assumed the shape of the rough flat. First waves of an uptrend are supposed to be forming. Wave iii of (a) may reach 262% point near strong resistance at 1.3200. Waves X and ii endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 2 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060118090948.gif
Figure 2. Wave counting on 480M chart.
Wave assumed the shape of the rough flat. First waves of a downtrend are supposed to be forming. Wave iii of (a) may reach 262% point near strong resistance at 1.1800. Waves X and ii endings are the critical levels for this scenario. The alternate variant is shown in the upper part of the chart.
In the mid-term plan downtrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060118091048.gif
Figure 3. Wave counting on 480M chart.
Wave assumed the shape of the rough flat. First waves of a downtrend are supposed to be forming. Wave iii of (a) may reach 262% point near strong resistance at 1.7200. Waves X and endings are the critical levels for this scenario.
In the mid-term plan downtrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 4 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060118091144.gif
Figure 4 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for the main scenario.
In the mid-term plan uptrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 18, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd.
Introduction
Within the last almost ten days price is in a state of dynamical equilibrium. Even its minute movement may change the wave picture absolutely. In such moments alternative variants abruptly become more significant.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060119081440.gif
Figure 1. Wave counting on 480M chart.
Wave assumed the shape of the rough flat. First waves of an uptrend are supposed to be forming. Waves X and b or ii endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
Extended correction, formed within the last several days, may be an indication of upward zigzag (a) or (w) developing, rather than impulse.
In the mid-term plan uptrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060119081533.gif
Figure 2. Wave counting on 120M chart.
One possible variant of wave counting is shown in Figure 2. Wave c or iii may reach 262% point near strong resistance at 1.3200.
In the short-term plan uptrend is expected to continue, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060119081622.gif
Figure 3. Wave counting on 480M chart.
Wave assumed the shape of the rough flat. First waves of a downtrend are supposed to be forming. Waves X and b or ii endings are the critical levels for this scenario. The alternate variant is shown in the upper part of the chart.
Extended correction, formed within the last several days, may be an indication of downward zigzag (a) or (w) developing, rather than impulse.
In the mid-term plan downtrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060119081704.gif
Figure 4 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Wave c or iii may reach 262% point near strong resistance at 1.1800.
In the short-term plan downtrend is expected to continue, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060119081745.gif
Figure 5. Wave counting on 480M chart.
Wave assumed the shape of the flat. First waves of a downtrend are supposed to be forming. Wave iii of (a) may reach 262% point near strong resistance at 1.7200. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the upper part of the chart.
In the mid-term plan downtrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060119081830.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Wave iii may reach 262% point near strong resistance at 1.7200.
In the short-term plan downtrend is expected to continue, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060119081915.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue, wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060119081957.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8.
In the short-term plan uptrend is expected to continue, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 19, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Survey wave picture of the currencies under consideration remained the same (refer to Daily Wave Analysis, January 19. 2006). The state of dynamical equilibrium is still valid, thus numerous possible wave counting variants appear on small time frames.
Though this state can not last too long and soon one of almost equally possible scenarios, main or alternate, is supposed to be confirmed.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
http://www.alpari-forex.com/files/0601/060120075824.gif
Figure 1. Wave counting on 120M chart.
Two possible variants of wave counting are shown in Figure 1. Wave c or iii may reach 262% point near strong resistance at 1.3200.
In case the alternate variant is confirmed, final wave c may be relatively short.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
http://www.alpari-forex.com/files/0601/060120075909.gif
Figure 2. Wave counting on 120M chart.
Two possible variants of wave counting are shown in Figure 2. Wave c or iii may reach 262% point near strong resistance at 1.1800.
In case the alternate variant is confirmed, final wave c may be relatively short.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
http://www.alpari-forex.com/files/0601/060120080005.gif
Figure 3. Wave counting on 120M chart.
Several possible variants of wave counting are shown in Figure 3. Wave iii may reach 262% point near strong resistance at 1.7200.
In case the alternate variant is confirmed, final wave c may be relatively short.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
http://www.alpari-forex.com/files/0601/060120080050.gif
Figure 4 . Wave counting on 120M chart.
Several possible variants of wave counting are shown in Figure 4.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 20, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Price confirmed the alternate scenario for European currencies (refer to Daily Wave Analysis, January 19. 2006 and Daily Wave Analysis, January 19. 2006).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060123062915.gif
Figure 1. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan wave is supposed to complete, trend upward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060123063013.gif
Figure 2. Wave counting on 120M chart.
Impulse (c) is expected to complete soon.
In the short-term plan impulse c is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060123063126.gif
Figure 3. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan wave is supposed to complete, trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060123063211.gif
Figure 4. Wave counting on 120M chart.
Impulse (c) is expected to complete soon.
In the short-term plan impulse c is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060123063255.gif
Figure 5. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan wave is supposed to complete, trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060123063335.gif
Figure 6. Wave counting on 120M chart.
Impulse (c) is expected to complete soon.
In the short-term plan impulse (c) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060123063424.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060123063514.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Impulse (c) is expected to complete soon.
In the short-term plan supposed wave (ii) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 23, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
European currencies formed zigzag a-b-c with quite good correlation of legs ~ 0.618. Wave structure of its final impulse c also suggests that this zigzag is completed.
Though it is not confirmed yet. That is why there are at least two possible alternate variants – 1) to get ready for another short final price thrust against the dollar or 2) the pattern, marked as impulse c, may turn out to be just its first sub-wave of c.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060124060028.gif
Figure 1. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend upward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060124060114.gif
Figure 2. Wave counting on 120M chart.
Impulse c is almost completed.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060124060159.gif
Figure 3. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060124060239.gif
Figure 4. Wave counting on 120M chart.
Impulse c is almost completed.
In the short-term plan impulse c completion is expected to be confirmed. Downtrend is supposed to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060124060347.gif
Figure 5. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060124060444.gif
Figure 6. Wave counting on 120M chart.
Impulse c is almost completed.
In the short-term plan impulse c completion is expected to be confirmed. Downtrend is expected to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060124060543.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060124060623.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8.
In the short-term plan supposed wave (ii) completion is expected to be confirmed. Upward movement is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 24, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060125063200.gif
Figure 1. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend upward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060125063315.gif
Figure 2. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of uptrend are forming. Wave c ending is the critical level for this scenario.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060125063411.gif
Figure 3. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060125063457.gif
Figure 4. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060125063541.gif
Figure 5. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060125063624.gif
Figure 6. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060125063710.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060125063803.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. First waves of uptrend are supposed to be forming. Endings of wave and of the second waves of the consequence 1-2, 1-2 are the critical levels for this scenario.
In the short-term plan supposed wave (ii) completion is expected to be confirmed. Upward movement is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 25, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
European currencies slowly form expected reversal ending. But still it is not clear whether wave of supposed double zigzag Y is completed or not.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060126090042.gif
Figure 1. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price rise above wave c beginning will confirm this scenario.
In the mid-term plan trend upward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060126090123.gif
Figure 2. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of uptrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c will keep forming.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060126090210.gif
Figure 3. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060126090300.gif
Figure 4. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060126090344.gif
Figure 5. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060126090424.gif
Figure 6. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060126090506.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of uptrend are supposed to be forming. Waves X and (ii)? endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060126090554.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. First waves of uptrend are supposed to be forming. Wave ending is the critical level for this scenario.
In the short-term plan supposed wave (iii) is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 26, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Current situation on each described currency can be defined as “Robert Balan's 100% barrier” (refer to Daily Wave Analysis, January 13, 2006). It can be observed on the Minute Wave Degree for JPY ((iii) = (i)), and below Subminuette for European currencies ( = ).
In case price breaks 110% level, supposition that impulse structure will keep forming in favor of the dollar will be confirmed. Otherwise one of the alternate variants will become valid.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060127073258.gif
Figure 1. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price rise above wave c beginning will confirm this scenario.
In the mid-term plan trend upward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060127073340.gif
Figure 2. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of uptrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c will keep forming.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060127073421.gif
Figure 3. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060127073502.gif
Figure 4. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060127073543.gif
Figure 5. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060127073636.gif
Figure 6. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060127073722.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of uptrend are supposed to be forming. Waves X and (ii)? endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060127073812.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Endings of wave and second sub-waves are the critical levels for this scenario.
In the short-term plan supposed wave (iii) is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 27, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd