Introduction
1) The price has swung towards the alternate variant, increasing its chances. Though the trend breakout in favor of the dollar on every pair under consideration has not formed yet. Moreover, in case the completing local movement in favor of the dollar of EUR and CHF will take the shape of the zigzag (not that one of the impulse or diagonal triangle), it can signal strengthening of the main variant. This variant was described in Monthly-0207.
2) Unfortunately, it is not clear yet which variant the price will choose, either the main variant or the alternate one, which were described in details in Annual-07, Monthly-0207. That is why wave picture may be in the state of the dynamic equilibrium, that is during several weeks either the main variant or the alternate one will be in the foreground by turns.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Annual-07[*]Monthly-0207
1. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070213094937.gif
Figure 1. Wave counting on 480 min chart.
Though the main variant has not been annulled yet, the given alternate variant is gaining momentum.
In the mid-term plan local uptrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0702/070213095019.gif
Figure 2. Wave counting on 120 min chart.
It is most probable that correction has assumed the shape of the horizontal expanding triangle. Though the last upward movement can help to specify which scenario the price will choose, either the main one (zigzag) or the alternate one (impulse or diagonal triangle).
In the short-term plan local uptrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070213095100.gif
Figure 3. Wave counting on 480 min chart.
Though the main variant has not been annulled yet, the given alternate variant is gaining momentum.
In the mid-term plan local downtrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0702/070213095141.gif
Figure 4. Wave counting on 120 min chart.
It is most probable that correction has assumed the shape of the horizontal expanding triangle. Though the last downward movement can help to specify which scenario the price will choose, either the main one (zigzag) or the alternate one (impulse or diagonal triangle).
In the short-term plan local downtrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070213095222.gif
Figure 5. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the from of the double or triple three.
In the mid-term plan local downtrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070213095301.gif
Figure 6. Wave counting on 120 min chart.
Wave is supposed to be assuming the shape of the zigzag with almost equal legs.
In the short-term plan local downtrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070213095346.gif
Figure 7. Wave counting on 480 min chart.
Upward wave of B is supposed to be almost completed in the shape of the impulse.
In the mid-term plan local uptrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0702/070213095422.gif
Figure 8. Wave counting on 120 min chart.
Upward wave (v) of of B in the shape of the impulse is supposed to be almost completed.
In the short-term plan local uptrend completion is expected, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 13, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
For a month day by day I repeat the same phrase:
Unfortunately, it is not clear yet which variant the price will choose, either the main variant or the alternate one, which were described in details in Annual-07, Monthly-0207. That is why wave picture may be in the state of the dynamic equilibrium, that is during several weeks either the main variant or the alternate one will be in the foreground by turns.
I am sorry to say it is still urgent.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Annual-07[*]Monthly-0207
1. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070214083643.gif
Figure 1. Wave counting on 480 min chart.
The first waves of a downtrend are supposed to be forming. The ending of supposed wave (y) of is the critical level for this scenario. “Diamond”, a reversal pattern of the classical technical analysis, may be forming.
But the price has been in the horizontal channel almost within a month, increasing chances of the alternate scenarios. In accordance with one of such variants wave or is completed, wave is forming.
In the mid-term plan downtrend is supposed to keep forming, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070214083739.gif
Figure 2. Wave counting on 480 min chart.
The first waves of an uptrend are supposed to be forming. The ending of supposed wave (y) of is the critical level for this scenario. “Diamond”, a reversal pattern of a classical technical analysis, may be forming.
But the price has been in the horizontal channel almost within a month, increasing chances of the alternate scenarios. In accordance with one of such variants wave or is completed, wave is forming.
In the mid-term plan uptrend is supposed to keep forming, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070214083827.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double or triple three. Ending of supposed wave of Y is the critical level for this scenario.
In the mid-term plan uptrend is supposed to keep forming, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070214083912.gif
Figure 4. Wave counting on 480 min chart.
A lot of different variants of wave counting arise from almost horizontal price movement during this month. We may suppose that wave of B is completed.
In the mid-term plan downtrend is supposed to keep forming, the wave picture is expected to be cleared. Either main or alternate scenario is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart.
5. USD/CAD
http://www.alpari-forex.com/files/0702/070214083954.gif
Figure 5. Wave counting on 720 min chart.
CAD wave picture, described in details in Some Words about CAD, is an additional argument in favor of USD begun fall.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 14, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
1) Yesterday EUR/USD, USD/CHF and USD/JPY price broke for the first time the edge of the horizontal channel, in which it had been for about a month. It just swayed to the main variant, but look what perspectives become possible (if supposition that wedge will keep forming is confirmed).
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, are not annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Annual-07[*]Monthly-0207
1. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070215084501.gif
Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2).
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
http://www.alpari-forex.com/files/0702/070215084548.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
As in impulse iii of (a) extension in the fifth wave is supposed, Elliott's double retracement comes to my mind (see Figures 2-8 in my book). Its minimum size (min ~ 1.2450) fits into the expected deep retracement iv of (a).
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070215084630.gif
Figure 3. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 4).
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
http://www.alpari-forex.com/files/0702/070215084711.gif
Figure 4. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected (see Figures 4-6 in my book). If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
As in impulse iii of (a) extension in the fifth wave is supposed, Elliott's double retracement comes to my mind (see Figures 2-8 in my book). Its minimum size (min ~ 1.3050) fits into the expected deep retracement iv of (a).
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070215084758.gif
Figure 5. Wave counting on 480 min chart.
Wave may have assumed the shape of the horizontal correction in the form of the double three. Ending of supposed wave of Y is the critical level for this scenario.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070215084846.gif
Figure 6. Wave counting on 120 min chart.
Wave (y) is supposed to have assumed the shape of the zigzag with almost equal legs. Upward impulse has been almost completed, it can be the beginning of a new trend.
In the short-term plan downward correction forming is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070215084953.gif
Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8, below).
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0702/070215085033.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
The last downward impulse iii is quite interesting, wedge , skewed triangle (4) of , extension . If the supposition is correct, Elliott's double retracement comes to my mind (see Figures 2-8 in my book). Its minimum size (min ~ 120.60) fits into the expected deep retracement iv.
In the short-term plan forming of deep correction iv of wedge (i) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 15, 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
1) If the supposition about the wedge forming of EUR/USD, USD/CHF and USD/JPY is confirmed, its fourth wave iv may be forming next week, supposedly in the shape of the (double) zigzag (refer to Figures 4-6 in my book).
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, are not annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Annual-07[*]Monthly-0207
1. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070216084957.gif
Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2).
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070216085042.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070216085143.gif
Figure 3. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 4).
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070216085225.gif
Figure 4. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected (see Figures 4-6 in my book). If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070216085311.gif
Figure 5. Wave counting on 480 min chart.
Wave may have assumed the shape of the horizontal correction in the form of the double three. Ending of supposed wave of Y is the critical level for this scenario.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070216085355.gif
Figure 6. Wave counting on 120 min chart.
Correction b? of upward diagonal structure of the new trend is supposed to be forming.
In the short-term plan downward correction forming is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070216085438.gif
Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (i) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8, below).
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0702/070216085520.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
The last downward impulse iii formed with an extension in the fifth wave . If the supposition is correct, Elliott's double retracement may be expected. Its minimum size (min ~ 120.60) fits into the expected deep retracement iv.
In the short-term plan forming of deep correction iv of wedge (i) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 16, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Preview
The order of consideration of the currency pairs has been changed: EUR/USD, GBP/USD, JPY/USD, USD/CHF.
Introduction
1) If the supposition about the wedge forming of EUR/USD, USD/CHF and USD/JPY is confirmed, its fourth wave iv may be forming this week, supposedly in the shape of the (double) zigzag (refer to Figures 4-6 in my book).
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, are not annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Annual-07[*]Monthly-0207
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070219092258.gif
Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2).
If the supposition is confirmed, the ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070219092355.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected (refer to pictures 4-6 of my book). If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070219092451.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. In this case wave (y) may assume the shape of the zigzag, with fulfilled alternation guidelines (refer to page 140 of my book).
In the mid-term plan correction is expected to complete. The wave picture is supposed to clear. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070219092627.gif
Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle.
In the short-term plan local downtrend is supposed to continue, wave picture is expected to clear. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070219092714.gif
Figure 5. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (i) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 6, below).
If the supposition is confirmed, the ending of wave iv of (i)? may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070219092812.gif
Figure 6. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible
The last downward impulse iii formed with an extension in the fifth wave . If the supposition is correct, Elliott's double retracement may be expected. Its minimum size (min ~ 120.60) fits into the expected deep retracement iv.
In the short-term plan forming of deep correction iv of wedge (i) is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070219092904.gif
Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8).
If the supposition is confirmed, the ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070219093024.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 19, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Preview
The order of consideration of the currency pairs has been changed: EUR/USD, GBP/USD, JPY/USD, USD/CHF.
Introduction
1) If the supposition about the wedge forming of EUR/USD, USD/CHF and USD/JPY is confirmed, its fourth wave iv may be forming this week, supposedly in the shape of the (double) zigzag (refer to Figures 4-6 in my book).
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, are not annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Annual-07[*]Monthly-0207
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070220082311.gif
Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2).
If the supposition is confirmed, the ending of wave iv of (a) (or of v of (a)) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070220082453.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected (refer to pictures 4-6 of my book). If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070220082539.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. In this case wave (y) may assume the shape of the zigzag, with fulfilled alternation guidelines for zigzags (refer to page 140 of my book).
In the mid-term plan correction is expected to complete. The wave picture is supposed to clear. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070220082623.gif
Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle, which last wave of c is assuming the shape of the (double) zigzag.
In the short-term plan local downtrend is supposed to continue, wave picture is expected to clear. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070220082718.gif
Figure 5. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (i) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 6, below).
If the supposition is confirmed, the ending of wave iv of (i)? (or of v of (i)?) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070220082800.gif
Figure 6. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
The last downward impulse iii formed with an extension in the fifth wave . If the supposition is correct, Elliott's double retracement may be expected (see pictures 2-8 in my book). Its minimum size (min ~ 120.60) fits into the expected deep retracement iv.
In the short-term plan forming of deep correction iv of wedge (i) is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070220082846.gif
Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8).
If the supposition is confirmed, the ending of wave iv of (a) (or of v of (a)) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070220083748.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 20, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Preview
The order of consideration of the currency pairs has been changed: EUR/USD, GBP/USD, JPY/USD, USD/CHF.
Introduction
1) If the supposition about the wedge forming of EUR/USD, USD/CHF and USD/JPY is confirmed, its fourth wave iv may be forming this week, supposedly in the shape of the (double) zigzag (refer to Figures 4-6 in my book).
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, are not annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Annual-07[*]Monthly-0207
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070221083307.gif
Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2, below).
If the supposition is confirmed, the ending of wave iv of (a) (or of v of (a)) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070221083440.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected (refer to pictures 4-6 of my book). If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070221083529.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. In this case wave (y) may assume the shape of the zigzag, with fulfilled alternation guidelines for zigzags (refer to page 140 of my book).
In the mid-term plan correction is expected to complete. The wave picture is supposed to clear. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070221083612.gif
Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle, which last wave of c is assuming the shape of the double zigzag.
In the short-term plan local downtrend is supposed to continue, wave picture is expected to clear. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070221083708.gif
Figure 5. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (i) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 6, below).
If the supposition is confirmed, the ending of wave iv of (i)? (or of v of (i)?) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070221083750.gif
Figure 6. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the double (triple) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (i) is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070221083834.gif
Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8, below).
If the supposition is confirmed, the ending of wave iv of (a) (or of v of (a)) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070221083401.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the (double) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
5. GBP/CHF
http://www.alpari-forex.com/files/0702/070221083935.gif
Figure 9. Wave counting on 120 min chart.
In article Additional Profit on Swaps (EWA of GBP/CHF) survey wave counting of this cross-rate was given. Possible scenario of supposed wave of C forming in the shape of the triple zigzag is given in Figure 9.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 21, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Preview
The order of consideration of the currency pairs has been changed: EUR/USD, GBP/USD, JPY/USD, USD/CHF.
Introduction
1) If the supposition about the wedge forming of EUR/USD, USD/CHF and USD/JPY is confirmed, its fourth wave iv may be forming this week, supposedly in the shape of the (double) zigzag (refer to Figures 4-6 in my book).
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Annual-07[*]Monthly-0207
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070222095024.gif
Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) is forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2, below).
If the supposition is confirmed, the ending of wave iv of (a) (or of v of (a)) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070222095109.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. According to the guidelines for alternation wave iv in the shape of the double (triple) zigzag may be expected (refer to pictures 4-6 of my book). If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
The price does not hurry downwards, forming the “Head and Shoulders”, a classical pattern of the technical analysis. Possible minimum target is around 1.3025.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070222095154.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. In this case wave (y) may assume the shape of the zigzag, with fulfilled alternation guidelines for zigzags (refer to page 140 of my book).
In the mid-term plan correction is expected to complete. The wave picture is supposed to clear. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070222095235.gif
Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle, which last wave of c is assuming the shape of the double zigzag.
In the short-term plan local downtrend is supposed to continue, wave picture is expected to clear. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070222095318.gif
Figure 5. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (i) is forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 6, below).
If the supposition is confirmed, the ending of wave iv of (i)? (or of v of (i)?) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070222095401.gif
Figure 6. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the double (triple) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
The price has reached the minimum specified targets, having formed the first retracement in the price area of wave of iii, wave iv forming is not completed yet.
In the short-term plan forming of deep correction iv of wedge (i) is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070222095447.gif
Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8, below).
If the supposition is confirmed, the ending of wave iv of (a) (or of v of (a)) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070222095530.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the double (triple) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 22, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
This article is an addition to Daily-220207. If the suppositions, given here, are correct, grounds for quite a good short-term play in both directions arise.
Many trend movements start with a wedge. If the wedge is at the beginning of the supposed impulse, the consequences can be quite impressive (e.g. see Figures 2-17... 2-20 in my book). In the context of correction, as in our case, further movements are not so large-scale, but they exist! Why not seize the opportunity then?
The details in the charts below do not need any explanations.
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:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Annual-07[*]Monthly-0207[*]Daily-220207
1. EUR/USD
http://www.alpari-forex.com/files/0702/070222144008.gif
Figure 1. Wave counting on 30 min chart.
2. GBP/USD
http://www.alpari-forex.com/files/0702/070222144052.gif
Figure 2. Wave counting on 30 min chart.
3. USD/CHF
http://www.alpari-forex.com/files/0702/070222144144.gif
Figure 3. Wave counting on 30 min chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 22, 2007 (14:20 GMT+3)The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Preview
The order of consideration of the currency pairs has been changed: EUR/USD, GBP/USD, JPY/USD, USD/CHF.
Introduction
1) In yesterday's additional article The Wedge is the Staff of Life... on the small time-frame scenario of the current correction forming, which completion is expected at the end of the next week, was described in details.
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Annual-07[*]Monthly-0207
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070223084759.gif
Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) is forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2, below).
If the supposition is confirmed, the ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070223084838.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. Its fourth wave iv is supposed to be assuming the shape of the zigzag (refer to The Wedge is the Staff of Life...), confirming the guidelines for alternation (refer to pictures 4-6 of my book).
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070223084922.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. In this case wave (y) may assume the shape of the zigzag, with fulfilled alternation guidelines for zigzags (refer to page 140 of my book).
If the supposition is confirmed, the ending of wave may form above the key pulse point.
In the mid-term plan correction is expected to complete. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070223085015.gif
Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle, which last wave of c is assuming the shape of the double zigzag and correction (X) of - the shape of the zigzag (refer to The Wedge is the Staff of Life...).
In the short-term plan local downtrend is supposed to continue, wave picture is expected to clear. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070223085101.gif
Figure 5. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (i) is forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 6, below).
Wave iv is supposed to be almost completed. If the supposition is confirmed, the ending of wave of v of (i)? may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070223085144.gif
Figure 6. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. Its fourth wave iv is supposed to be assuming the shape of the double zigzag, confirming the guidelines for alternation (see pictures 4-6 in my book), and it is almost completed.
In the short-term plan completion of deep correction iv of wedge (i) is expected. The local trend is supposed to reverse downwards. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070223085228.gif
Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) is forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8, below).
If the supposition is confirmed, the ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070223085312.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. Its fourth wave iv is supposed to be assuming the shape of the zigzag (refer to The Wedge is the Staff of Life...), confirming the guidelines for alternation (see pictures 4-6 in my book).
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 23, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd.
Introduction
Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
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:[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Annual-07[*]Monthly-0207
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070226085253.gif
Figure 1. Wave counting on 480 min chart.
Wave (a) is supposed to be forming in the shape of the wedge. If the supposition is confirmed, the ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070226085346.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. Its fourth wave iv is supposed to be assuming the shape of the zigzag.
In the short-term plan deep correction iv of wedge (a) completion is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070226085431.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. If the supposition is confirmed, the ending of wave may form above the key pulse point.
In the mid-term plan correction completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070226085517.gif
Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle, which final wave of c is assuming the shape of the double zigzag.
In the short-term plan local downtrend is supposed to continue. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070226085640.gif
Figure 5. Wave counting on 480 min chart.
Wave (i)? is supposed to be forming in the shape of the wedge. If the supposition is confirmed, ending of wave iv or of v of (i)? may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070226085726.gif
Figure 6. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. Its fourth wave iv is supposed to have assumed the shape of the double zigzag, confirming guidelines for alternation (see pictures 4-6 in my book).
In the short-term plan completion of deep correction iv of wedge (i) is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070226085813.gif
Figure 7. Wave counting on 480 min chart.
Wave (a) is supposed to be forming in the shape of the wedge. If the supposition is confirmed, ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070226085941.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. Its fourth wave iv is supposed to be assuming the shape of the zigzag.
In the short-term plan completion of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 26, 2007The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
Addition at 17:00 moscow time
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070227084516.gif
Figure 1. Wave counting on 480 min chart.
Wave (a) is supposed to be forming in the shape of the wedge. If the supposition is confirmed, the ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070227084631.gif
Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. The variant with already formed impulsive structure, which is shown in the chart in grey lines, is possible.
In the short-term plan completion of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070227084715.gif
Figure 3. Wave counting on 480 min chart.
Wave may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. If the supposition is confirmed, the ending of wave may form above the key pulse point.
In the mid-term plan correction completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070227084755.gif
Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle, which final wave of c is assuming the shape of the double zigzag. According to the alternate variant wave of с may be already completed, upward wedge may be forming.
In the short-term plan local downtrend is supposed to continue. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070227084840.gif
Figure 5. Wave counting on 480 min chart.
Wave (i)? is supposed to be forming in the shape of the wedge. If the supposition is confirmed, ending of wave of v of (i)? may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070227084918.gif
Figure 6. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. Its fourth wave iv is supposed to have assumed the shape of the double zigzag, confirming guidelines for alternation. The first waves of downward impulse v of (i) are supposed to be forming.
In the short-term plan downtrend is expected to keep forming. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070227085007.gif
Figure 7. Wave counting on 480 min chart.
Wave (a) is supposed to be forming in the shape of the wedge. If the supposition is confirmed, ending of wave iv of (a) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070227084601.gif
Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. The variant with already formed impulsive structure, which is shown in the chart in grey lines, is possible.
In the short-term plan completion of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 27, 2007This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Suppositions of this morning are confirmed (refer to Daily-270207). By all appearances, only JPY is forming the wedge, other currencies are supposed to be forming an impulse.
1. EUR/USD
http://www.alpari-forex.com/files/0702/070227172825.gif
Figure 1. Wave counting on 240 min chart.
2. GBP/USD
http://www.alpari-forex.com/files/0702/070227172916.gif
Figure 2. Wave counting on 240 min chart.
3. USD/JPY
http://www.alpari-forex.com/files/0702/070227173002.gif
Figure 3. Wave counting on 240 min chart.
4. USD/CHF
http://www.alpari-forex.com/files/0702/070227173045.gif
Figure 4. Wave counting on 240 min chart.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Daily-270207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 27, 2007, 17:00 (Moscow time)This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd.
Introduction
1. Note how the so called Elliott's double retracement has formed (see pictures 2-8 in my book) on USD/JPY chart, which was forecast two weeks ago (see Daily-150207).
2. Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070228074500.gif
Figure 1. Wave counting on 480 min chart.
Yesterday's price thrust upwards annulled the variant with an upward wedge. It's most probable that supposed wave (a) is forming in the shape of the upward impulse, which is almost completed.
In the mid-term plan impulse (a) completion and corrective wave (b) forming are supposed to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070228074545.gif
Figure 2. Wave counting on 120 min chart.
Impulse is one of possible scenarios of upward movement. To project its completion point “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
In the short-term plan impulse (a) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070228074630.gif
Figure 3. Wave counting on 480 min chart.
The last upward movement of GBP may be treated as an impulse (refer to Addition), though it seems to be too rough. That is why wave forming in the shape of the horizontal triangle, described earlier as an alternate variant, is brought to the forefront.
In the mid-term plan correction completion is expected. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070228074714.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting confirms that waves of the horizontal triangle consist mainly of zigzags.
In the short-term plan wave (d) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070228074758.gif
Figure 5. Wave counting on 480 min chart.
Wave (i)? is supposed to be forming in the shape of the downward wedge, it is almost completed.
In the mid-term completion of wedge (i)? and forming of correction (ii)? are expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0702/070228074840.gif
Figure 6. Wave counting on 120 min chart.
Wedge is one of possible scenarios of downward movement. Just have a look at the perfect forming of Elliot's double retracement, projected two weeks ago (refer to Daily-150207). To project completion point of the wedge “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
In the short-term plan wedge (i)? completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0702/070228074925.gif
Figure 7. Wave counting on 480 min chart.
Yesterday's price thrust downwards annulled the variant with a downward wedge. It's most probable that supposed wave (a) is forming in the shape of the downward impulse, which is almost completed.
In the mid-term plan impulse (a) completion and corrective wave (b) forming are supposed to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0702/070228075042.gif
Figure 8. Wave counting on 120 min chart.
Impulse is one of possible scenarios of downward movement. To project its completion point “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
In the short-term plan impulse (a) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
5. GBP/CHF
http://www.alpari-forex.com/files/0702/070228080036.gif
Figure 9. Wave counting on 120 min chart.
This cross-rate survey was given in article Additional Profit on Swaps (EWA of GBP/CHF). Possible scenario of supposed wave of C completion in the shape of the triple zigzag is given in Figure 9.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 28, 2007This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
1). Forecasts for March, 2007 will be released this weekend (March 3-4, 2007).
2). Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070301083704.gif
Figure 1. Wave counting on 480 min chart.
It is most probable that supposed wave (a) is forming in the shape of the upward impulse, which is almost completed.
In the mid-term plan impulse (a) completion and corrective wave (b) forming are supposed to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0703/070301083748.gif
Figure 2. Wave counting on 120 min chart.
Impulse is one of possible scenarios of upward movement, the final wave of the impulse is assuming the shape of the expanding diagonal triangle. To project the completion point of the impulse “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
1.3286 is the critical level of this scenario, which should not be broken by wave of the diagonal triangle as its first wave is the longest one. This level can be used as the initial protective stop in case of short positions opening (refer to How to Apply EWA Forecasts).
In the short-term plan impulse (a) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070301083843.gif
Figure 3. Wave counting on 480 min chart.
The variant with wave forming in the shape of the horizontal triangle, described as an alternate scenario, seems to be most probable now.
In the mid-term plan correction completion is expected. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0703/070301083948.gif
Figure 4. Wave counting on 120 min chart.
Another possible variant of wave counting confirms that waves of the horizontal triangle consist mainly of zigzags.
In the short-term plan wave (d) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070301084048.gif
Figure 5. Wave counting on 480 min chart.
Wave (i)? is supposed to be forming in the shape of the downward wedge, it is almost completed.
In the mid-term completion of wedge (i)? and forming of correction (ii)? are expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0703/070301084126.gif
Figure 6. Wave counting on 120 min chart.
Wedge is one of possible scenarios of downward movement. To project completion point of the wedge “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
In the short-term plan wedge (i)? completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070301084211.gif
Figure 7. Wave counting on 480 min chart.
It is most probable that supposed wave (a) is forming in the shape of the downward impulse, which is almost completed.
In the mid-term plan impulse (a) completion and corrective wave (b) forming are supposed to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0703/070301084333.gif
Figure 8. Wave counting on 120 min chart.
Impulse is one of possible scenarios of downward movement. To project its completion point “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
In the short-term plan impulse (a) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)
[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 1, 2007This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
1). Forecasts for March, 2007 will be released this weekend (March 3-4, 2007).
2). Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
1. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070302090028.gif
Figure 1. Wave counting on 480 min chart.
It is most probable that supposed wave (a) is forming in the shape of the upward impulse, which is almost completed.
In the mid-term plan impulse (a) completion and corrective wave (b) forming are supposed to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0703/070302090111.gif
Figure 2. Wave counting on 120 min chart.
Impulse is one of possible scenarios of upward movement, the final wave of the impulse is assuming the shape of the expanding diagonal triangle. This scenario may be annulled as price is balancing near the critical level (ending of wave – 1.3152). RSI is at the resistance edge, the price may bound upwards.
To project the completion point of the impulse “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
1.3286 is another critical level of this scenario, which should not be broken by wave of the diagonal triangle as its first wave is the longest one. This level can be used as the initial protective stop in case of short positions opening (refer to How to Apply EWA Forecasts).
In the short-term plan impulse (a) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070302090205.gif
Figure 3. Wave counting on 480 min chart.
The variant with wave forming in the shape of the horizontal triangle, described as an alternate scenario, seems to be most probable now.
In the mid-term plan correction completion is expected. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0703/070302090252.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting confirms that waves of the horizontal triangle consist mainly of zigzags.
RSI is at the resistance edge, the price may bound upwards. The fact that the legs of supposed zigzag y of (d) are equal provides us with possible projection of wave (d) completion.
In the short-term plan wave (d) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070302090341.gif
Figure 5. Wave counting on 480 min chart.
Wave (i)? is supposed to be forming in the shape of the downward wedge, it is almost completed.
In the mid-term completion of wedge (i)? and forming of correction (ii)? are expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0703/070302090425.gif
Figure 6. Wave counting on 120 min chart.
Wedge is one of possible scenarios of downward movement. To project completion point of the wedge “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
In the short-term plan wedge (i)? completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0703/070302085819.gif
Figure 7. Wave counting on 480 min chart.
It is most probable that supposed wave (a) is forming in the shape of the downward impulse, which is almost completed.
In the mid-term plan impulse (a) completion and corrective wave (b) forming are supposed to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.
http://www.alpari-forex.com/files/0703/070302085918.gif
Figure 8. Wave counting on 120 min chart.
Impulse is one of possible scenarios of downward movement. RSI is at the resistance edge, the price may bound downwards for the final thrust.
To project its completion point “trend-to-trend” method and “Robert Balan's fifth measurement method” were applied (refer to Methods of Price Movement Projection (EWA)).
In the short-term plan impulse (a) completion is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart.
5. GBP/CHF
http://www.alpari-forex.com/files/0703/070302090513.gif
Figure 9. /wave counting on 120 min chart.
In article Additional Profit on Swaps (EWA of GBP/CHF) survey picture of this cross-rate was given. Possible scenario of supposed wave of C completion in the shape of the triple zigzag is given in Figure 9. 2.3831 is the critical level for this scenario.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]FOREX forecast, 2007[*]Monthly-0207[*]Wave analysis[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 2, 2007This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
At the present time the wave picture on different USD pairs is contradictory. USD local strengthening is expected to prevail this week.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly-0307. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26057_1157.gif
Рис. 1. Волновая разметка 480 мин графика.
Wave (b), assuming the shape of the double three or running flat, may keep forming.
In the mid-term plan USD local strengthening is expected. The wave picture is supposed to clear up.
http://www.alpari-forex.com/files/pic/docs/2/26057_1158.gif
Рис. 2. Волновая разметка 120 мин графика.
The second three y is supposed to have started with the flat .
In the short-term perspective supposed wave is supposed to complete. USD local strengthening is expected to continue. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0307. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26057_1159.gif
Рис. 3. Волновая разметка 480 мин графика.
One of possible variants of wave counting is given in the chart. It is supposed that corrective wave(b) has started forming.
In the mid-term plan USD local strengthening is expected. The wave picture is supposed to clear up.
http://www.alpari-forex.com/files/pic/docs/2/26057_1160.gif
Рис. 4. Волновая разметка 120 мин графика.
Corrective wave (b) is supposed to be forming in the shape of the double zigzag.
In the short-term plan wave (a) completion is expected to be confirmed. USD local strengthening is supposed to continue. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0307. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26057_1161.gif
Рис. 5. Волновая разметка 480 мин графика.
Correction forming is supposed to continue.
In the mid-term plan correction completion is expected. The wave picture is supposed to clear up.
http://www.alpari-forex.com/files/pic/docs/2/26057_1162.gif
Рис. 6. Волновая разметка 120 мин графика.
Wave is supposed to be forming in the shape of the triple three.
In the short-term plan correction forming is expected to continue. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHFFor CHF survey wave counting refer toAnnual-07 and Monthly-0307. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26057_1163.gif
Рис. 7. Волновая разметка 480 мин графика.
Wave (b), assuming the shape of the running flat, is supposed to keep forming.
In the mid-term plan correction (b) completion is expected. The wave picture is supposed to clear up.
http://www.alpari-forex.com/files/pic/docs/2/26057_1164.gif
Рис. 8. Волновая разметка 120 мин графика.
The final wave of flat c of (b) is supposed to be forming in the shape of the diagonal triangle.
In the short-term plan diagonal triangle c of (b) is supposed to continue. Price movement forecast and support/resistance levels are shown in the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]FOREX forecast, 2007[*]Monthly-0307[*]Wave analysis[*]Elliott's Code: Wave Analysis of the Forex market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMarch 27, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Correction is nearing to its completion. Further movement perspectives will be described in the articles released after this weekend.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly-0307. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26100_1222.gif
Рис. 1. Волновая разметка 480 мин графика.
Wave (b), assuming the shape of the double three, keeps forming.
In the mid-term plan correction (b) completion is expected.
http://www.alpari-forex.com/files/pic/docs/2/26100_1223.gif
Рис. 2. Волновая разметка 120 мин графика.
Supposedly the second three has begun with flat .
In the mid-term plan USD local strengthening and correction (b) completion is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0307. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26100_1224.gif
Рис. 3. Волновая разметка 480 мин графика.
One of possible variants of wave counting is given in the chart. Corrective wave (b) is supposed to be almost completed.
In the mid-term plan correction (b) completion is expected.
http://www.alpari-forex.com/files/pic/docs/2/26100_1225.gif
Рис. 4. Волновая разметка 120 мин графика.
Corrective wave (b) is supposed to be forming in the shape of the double three.
In the short-term plan USD local strengthening is expected. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0307. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26100_1226.gif
Рис. 5. Волновая разметка 480 мин графика.
Current marking has to be changed on extended horizontal correction forming in the shape of the supposed horizontal triangle in March. The essence of the general scenario remains the same. Correction (iv) of of C is supposed to be almost completed.
In the mid-term plan impulse C is supposed to keep forming.
http://www.alpari-forex.com/files/pic/docs/2/26100_1227.gif
Рис. 6. Волновая разметка 120 мин графика.
Forming horizontal extended correction can be only the last but one wave (iv) in impulse of the higher wave degree.
Note that one of the waves of supposed triangle (iv) is more complicated than the others. Moreover, as the legs of zigzag -- of c are equal, this pattern demonstrates perfectly guidelines of alternation in zigzags (see page 140 of my book).
In the short-term plan correction (iv) completion is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07 and Monthly-0307. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26100_1228.gif
Рис. 7. Волновая разметка 480 мин графика.
Wave (b), assuming the shape of the running flat or double three, keeps forming.
In the mid-term plan correction (b) completion is expected.
http://www.alpari-forex.com/files/pic/docs/2/26100_1229.gif
Рис. 8. Волновая разметка 120 мин графика.
Final wave of flat c of (b)is supposed to be forming in the shape of the diagonal triangle. If the supposition is correct, only final zigzag forming is left before it is completed.
Final wave of flat c of (b) is supposed to be forming in the shape of the diagonal triangle. If the supposition is correct, only final zigzag forming is left before it is completed.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]FOREX forecast, 2007[*]Monthly-0307[*]Wave analysis[*]Elliott's Code: Wave Analysis of the Forex market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMarch 29, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Unfortunately, correction completion is not confirmed yet. Yesterday’s EUR and CHF thrust against the dollar is more like of a corrective character. That is why it is more probable that correction keeps forming. Moreover, there are long Eastern holidays in many backbone countries, except Japan and the USA (refer to Holidays Schedule).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly-0407. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26245_1472.gif
Figure 1. Wave counting on 480 min chart.
Wave (b) may keep forming in the shape of the skewed triangle (refer to Skewed triangles in the FOREX market) or running triple three (see Table 3-1 of my book).
In the mid-term plan correction (b) completion is expected, upward wave (c) is supposed to keep forming.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0407. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26245_1473.gif
Figure 2. Wave counting on 480 min chart.
According to the main variant upward wave (c) is forming, it may assume the shape of the impulse or a diagonal triangle.
In the mid-term plan upward wave (c) may keep forming.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0407. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26245_1474.gif
Figure 3. Wave counting on 480 min chart.
Supposed correction of C may keep forming in the shape of the double or triple three.
In the mid-term plan correction completion is expected to be confirmed. Downward wave is supposed to be forming.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0407. Refer to Figure 4 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26245_1475.gif
Figure 4. Wave counting on 480 min chart.
According to this scenario wave (b) keeps forming in the shape of the running flat or the double three.
In the mid-term plan correction (b) completion is expected. Downward wave (c) is supposed to form.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]FOREX forecast, 2007[*]Monthly-0407[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comApril 06, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
The final correction wave which strengthens the dollar positions locally may start in the nearest future. The ending of the current correction is expected at the end of the next week.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly-0407. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26330_1988.gif
Figure 1. Wave counting on 480 min chart.
Wave (b) keeps forming in the shape of the skewed triangle (refer to Skewed triangles in the FOREX market) or running triple three (see Table 3-1 of my book). The ending of the final wave e of (b) may be expected at the end of the next week. The details are given on the next chart.
In the mid-term plan completion of the skewed triangle (b) is expected. Upward wave (c) is supposed to keep forming.
http://www.alpari-forex.com/files/pic/docs/2/26330_1989.gif
Figure 2. Wave counting on 120 min chart.
Wave d of (b) in the shape of the triple zigzag may be almost completed. The fact that the legs of the final zigzag of d are equal classically emphasises this supposition.
In the short-term plan completion of the triple zigzag d of (b) and forming of the downward three e of (b) are expected.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0407. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26330_1990.gif
Figure 3. Wave counting on 480 min chart.
According to this variant wave of Y keeps forming in the shape of the extended horizontal correction (triple three in this case). Ending of the final wave (z) of may be expected at the end of the next week. The details are given on the next chart.
In the mid-term plan completion of the triple three is expected. The wave picture is supposed to clear up.
http://www.alpari-forex.com/files/pic/docs/2/26330_1991.gif
Figure 4. Wave counting on 120 min chart.
The final wave (z) of may assume the shape of the (extended) flat or double three.
In the short-term plan completion of zigzag b of (z) and forming of the downward wave c of (z) are expected.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0407. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26330_1992.gif
Figure 5. Wave counting on 480 min chart.
Supposed correction of C may keep forming in the shape of the triple three. But the price has entered the area of supposed wave , that is why shift to the alternate variant of the wave counting (wave C is an expanding diagonal triangle) is possible. Though the invasion is not significant yet and immediate change of the scenario is not required it is better to keep it handy. The details are given on the next chart.
In the mid-term plan corrective wave completion is expected. Downward wave is supposed to be forming.
http://www.alpari-forex.com/files/pic/docs/2/26330_1993.gif
Figure 6. Wave counting on 120 min chart.
The final wave (z) of correction is supposed to be assuming the shape of the double zigzag.
In the short-term plan completion of the double zigzag (z) of is expected. Price movement schematic forecast and support/resistance levels are given on the chart.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0407. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/2/26330_1994.gif
Figure 7. Wave counting on 480 min chart.
According to this scenario wave (b) keeps forming in the shape of the running flat. Wave c of (b) may be assuming the shape of the wide diagonal triangle. Alternation guidelines for flats are being fulfilled, the main waves alter by complexity, Complex-Simple-MostComplex (C-S-MC, see Table 4-2 of my book). The ending of the final wave c of (b) may be expected at the end of the next week. The details are given on the next chart.
In the mid-term plan running flat (b) completion is expected. Downward wave (c) is supposed to form.
http://www.alpari-forex.com/files/pic/docs/2/26330_1995.gif
Figure 8. Wave counting on 120 min chart.
Wave c of (b) is supposed to be assuming the shape of the diagonal triangle.
In the short-term plan completion of the diagonal triangle c of (b) is expected. Price movement schematic forecast and support/resistance levels are given on the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]FOREX forecast, 2007[*]Monthly-0407[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comApril 13, 2007Do not reproduce without explicit permission of Alpari Ltd