Introduction
Ending of the current correction is projected at the end of the 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/3/26356_2084.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). The ending of the final wave e of (b) may be expected at the end of the next week.
In the mid-term plan completion of the skewed triangle (b) 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 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26356_2085.gif
Figure 2. 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). The final wave may be assuming the shape of the extended flat. In this case the correction will complete with either an impulse or a diagonal triangle. Supposed ending of the final wave (z) of may be expected at the end of the week.
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/3/26356_2086.gif
Figure 3. Wave counting on the daily chart.
Another possible variant of wave counting and further price movement is given here. This variant differs slightly from the previous one in the shape of the nearest expected movement. According to this scenario USD strengthening will be in the corrective mode.
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/3/26356_2087.gif
Figure 4. Wave counting on 480 min chart.
Supposed correction of C may complete with a diagonal triangle at the end of the week.
In the mid-term plan corrective wave completion is expected. Downward wave is supposed to be forming.
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/3/26356_2088.gif
Figure 5. Wave counting on 480 min chart.
According to this scenario wave (b) keeps forming in the shape of the horizontal triangle (or triple three). Completion of the final wave e of (b) may be expected at the end of the next week. If the supposition is correct it emphasises 1) the nearest completion of the correction, 2) significant chances of the main scenario.
In the mid-term plan completion of the horizontal triangle (b) and forming of downward wave (c) are expected.
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 16, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
GBP/USD reached a new high yesterday, approaching the record of 1991-1992. For some analysts it was a surprise. Note, such price movement can be forecast before it starts and adjusted in the course of its forming with the help of EWA:
[*]January 8, 2006 — Annual Wave Analysis, 2006 [*]April 10, 2006 — Possible nearest perspectives of the main currency pairs. [*]October 28, 2006 — Check point, USD fall may continue till May 2007[*]January 14, 2007 — Annual Wave Analysis, 2007 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/3/26373_2077.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). The ending of the final wave e of (b) may be expected at the end of the next week.
In the mid-term plan completion of the skewed triangle (b) 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 120 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26373_2078.gif
Figure 2. Wave counting on 120 min chart.
Having built over the final wave of the supposed diagonal triangle GBP formed a completed pattern which ending may be the ending of the upward wave (d). Though its completion has not been confirmed irrevocably yet.
In the short-term plan completion of wave (d) is expected to be confirmed. Wave picture is supposed to become clearer. For survey wave counting refer to the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26373_2079.gif
Figure 3. Wave counting on 480 min chart.
It is clearly seen in this chart that high (d) has overcome a bit high (b), which allows us to present the current extended horizontal correction as a horizontal expanding triangle (refer to the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26373_2080.gif
Figure 4. Wave counting on the daily chart.
In this chart another possible variant of wave counting and the scenario of prices further movement are given. A slight difference between this scenario and the previous ones is more precise title of the pattern, though the essence remains the same — forming of the last but one figure in the pattern of a higher degree is near its end.
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/3/26373_2081.gif
Figure 5. Wave counting on 480 min chart.
Supposed correction of C may complete with a diagonal triangle at the end of the week.
In the mid-term plan corrective wave completion is expected. Downward wave is supposed to be forming.
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/3/26373_2082.gif
Figure 6. Wave counting on 480 min chart.
According to this scenario wave (b) keeps forming in the shape of the horizontal triangle (or triple three). Completion of the final wave e of (b) may be expected at the end of the next week. If the supposition is correct it emphasises 1) the nearest completion of the correction, 2) significant chances of the main scenario.
In the mid-term plan completion of the horizontal triangle (b) and forming of downward wave (c) are expected.
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 17, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Yesterday all the European currencies added several waves to the last supposed zigzag, having changed it from a corrective structure to an impulsive one. Due to it we can look at the current wave counting from another side and suppose possible nearest reverse of the many-month trend in favor of the dollar, as the minimum requirements for the completed wave structure of supposed wave (B) are almost fulfilled.
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 the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26397_2121.gif
Figure 1. Wave counting on the daily chart.
EUR may be finishing zigzag of Y of (B) forming, getting ready for the reverse of the many-month trend downwards. At least, the wave structure and correlation of the waves inside the zigzag ((c)=~(a)*1.27) and double zigzag Y (=~*0.78) make it possible. In this picture it is clearly seen that waves correlations inside these patterns have reached the optimum values.
It should be noted that the most popular correlation of the main active waves in a zigzag and double zigzag is their equality. Taking into account this natural error this equality is fluctuating between 78% and 127%.
For survey wave counting refer to the next picture.
http://www.alpari-forex.com/files/pic/docs/3/26397_2122.gif
Figure 2. Wave counting on the weekly chart.
On the weekly chart correlation of the waves inside the large pattern of the double zigzag (B) or (X) has also reached the optimum value (Y=~W*0.78). Moreover, the price has approached the historical high, 1.3663, which acts as a resistance level now. Moreover, the first main waves of the supposed correction have reached approximate parity, characteristic of correction ((B) = ~ (A)).
These facts emphasize possible nearest reverse of the many-month trend downwards.
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 the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26397_2123.gif
Figure 3. Wave counting on the daily chart.
GBP has beaten the euro, having changed supposed zigzag to impulse and broken the high of 1991, approaching the high of 1992 at 2.0105.
GBP, as well as EUR, may be finishing zigzag of Y of (B) forming, getting ready for the reverse of the many-month trend downwards. At least, the wave structure and correlation of the waves inside zigzag ((c)=~(a)*0.78) and double zigzag Y (=~*0.618..0.78) make it possible. In this picture it is clearly seen that waves correlations inside these patterns have reached the optimum values.
It should be noted that the most popular correlation of the main active waves in a zigzag and double zigzag is their equality. Taking into account this natural error this equality is fluctuating between 78% and 127%.
For survey wave counting refer to the next picture.
http://www.alpari-forex.com/files/pic/docs/3/26397_2124.gif
Figure 4. Wave counting on the weekly chart.
On the weekly chart correlation of the waves inside the large pattern of the double zigzag (B) or (X) has also reached the optimum value (Y=~W*0.78). Moreover, the price has approached the historical high of 1992, 2.0105, which acts as a resistance level now. Moreover, the first main waves of the supposed correction have reached approximate parity (0.78..1.27), characteristic of correction ((B) = ~ (A)).
These facts emphasize possible nearest reverse of the many-month trend downwards.
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 the weekly chart.
http://www.alpari-forex.com/files/pic/docs/3/26397_2125.gif
Figure 5. Wave counting on the weekly chart.
If nearest reverse of the many-month trend in favor of the dollar is quite probable for GBP and EUR, alternate variant, given in Annual-07 forecast should be considered for the yen. This chart is given here with no correction.
Note that real price movement coincides with the three-month old projected movement.
Though this variant is still an alternate one because of a rough USD strengthening in March 2007 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26397_2126.gif
Figure 6. Wave counting on 240 min chart.
This picture shows one of the possible scenarios of wave counting, which reflects an attempt to dovetail the corrective structure noticed during the last month and the possible beginning of a new upward price movement. This expanding wedge is not usual but still quite possible.
However, some analysts say that it is not possible that a diagonal triangle forms as the final wave of the wedge. But practice is still the main criteria. That is why it may be treated as an alternate variant. Let?s see what will happen.
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/3/26397_2127.gif
Figure 7. Wave counting on 480 min chart.
Having formed impulse (c) yesterday instead of zigzag the price stated current forming and possible nearest completion of supposed zigzag of Y. Waves correlation inside the zigzag does not exclude this variant ((c)=~(a)*0.5). At the same time wave (c) may keep forming.
Though survey wave counting of CHF is far from the ideal one unlike EUR and GBP (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26397_2128.gif
Figure 8. Wave counting on the weekly chart.
Two possible variants of counting of the initial waves of correction are given in this chart. Wave (B) can choose one of the following variants now: either a truncated double zigzag or triple zigzag.
In the first case some tension is obvious. Though it can be interpreted as power of the coming uptrend. At the same time downtrend completion is not confirmed yet. To form a double zigzag nothing special is required. In case the wave forms as a triple zigzag the correlation with other Europeans currencies will be lost.
That is why both variants should be considered equal before the wave picture clears up.
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 18, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Yesterday all the European currencies added several waves to the last supposed zigzag, having changed it from a corrective structure to an impulsive one. Due to it we can look at the current wave counting from another side and suppose possible nearest reverse of the many-month trend in favor of the dollar, as the minimum requirements for the completed wave structure of supposed wave (B) are almost fulfilled.
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 the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26397_2121.gif
Figure 1. Wave counting on the daily chart.
EUR may be finishing zigzag of Y of (B) forming, getting ready for the reverse of the many-month trend downwards. At least, the wave structure and correlation of the waves inside the zigzag ((c)=~(a)*1.27) and double zigzag Y (=~*0.78) make it possible. In this picture it is clearly seen that waves correlations inside these patterns have reached the optimum values.
It should be noted that the most popular correlation of the main active waves in a zigzag and double zigzag is their equality. Taking into account this natural error this equality is fluctuating between 78% and 127%.
For survey wave counting refer to the next picture.
http://www.alpari-forex.com/files/pic/docs/3/26397_2122.gif
Figure 2. Wave counting on the weekly chart.
On the weekly chart correlation of the waves inside the large pattern of the double zigzag (B) or (X) has also reached the optimum value (Y=~W*0.78). Moreover, the price has approached the historical high, 1.3663, which acts as a resistance level now. Moreover, the first main waves of the supposed correction have reached approximate parity, characteristic of correction ((B) = ~ (A)).
These facts emphasize possible nearest reverse of the many-month trend downwards.
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 the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26397_2123.gif
Figure 3. Wave counting on the daily chart.
GBP has beaten the euro, having changed supposed zigzag to impulse and broken the high of 1991, approaching the high of 1992 at 2.0105.
GBP, as well as EUR, may be finishing zigzag of Y of (B) forming, getting ready for the reverse of the many-month trend downwards. At least, the wave structure and correlation of the waves inside zigzag ((c)=~(a)*0.78) and double zigzag Y (=~*0.618..0.78) make it possible. In this picture it is clearly seen that waves correlations inside these patterns have reached the optimum values.
It should be noted that the most popular correlation of the main active waves in a zigzag and double zigzag is their equality. Taking into account this natural error this equality is fluctuating between 78% and 127%.
For survey wave counting refer to the next picture.
http://www.alpari-forex.com/files/pic/docs/3/26397_2124.gif
Figure 4. Wave counting on the weekly chart.
On the weekly chart correlation of the waves inside the large pattern of the double zigzag (B) or (X) has also reached the optimum value (Y=~W*0.78). Moreover, the price has approached the historical high of 1992, 2.0105, which acts as a resistance level now. Moreover, the first main waves of the supposed correction have reached approximate parity (0.78..1.27), characteristic of correction ((B) = ~ (A)).
These facts emphasize possible nearest reverse of the many-month trend downwards.
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 the weekly chart.
http://www.alpari-forex.com/files/pic/docs/3/26397_2125.gif
Figure 5. Wave counting on the weekly chart.
If nearest reverse of the many-month trend in favor of the dollar is quite probable for GBP and EUR, alternate variant, given in Annual-07 forecast should be considered for the yen. This chart is given here with no correction.
Note that real price movement coincides with the three-month old projected movement.
Though this variant is still an alternate one because of a rough USD strengthening in March 2007 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26397_2126.gif
Figure 6. Wave counting on 240 min chart.
This picture shows one of the possible scenarios of wave counting, which reflects an attempt to dovetail the corrective structure noticed during the last month and the possible beginning of a new upward price movement. This expanding wedge is not usual but still quite possible.
However, some analysts say that it is not possible that a diagonal triangle forms as the final wave of the wedge. But practice is still the main criteria. That is why it may be treated as an alternate variant. Let?s see what will happen.
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/3/26397_2127.gif
Figure 7. Wave counting on 480 min chart.
Having formed impulse (c) yesterday instead of zigzag the price stated current forming and possible nearest completion of supposed zigzag of Y. Waves correlation inside the zigzag does not exclude this variant ((c)=~(a)*0.5). At the same time wave (c) may keep forming.
Though survey wave counting of CHF is far from the ideal one unlike EUR and GBP (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26397_2128.gif
Figure 8. Wave counting on the weekly chart.
Two possible variants of counting of the initial waves of correction are given in this chart. Wave (B) can choose one of the following variants now: either a truncated double zigzag or triple zigzag.
In the first case some tension is obvious. Though it can be interpreted as power of the coming uptrend. At the same time downtrend completion is not confirmed yet. To form a double zigzag nothing special is required. In case the wave forms as a triple zigzag the correlation with other Europeans currencies will be lost.
That is why both variants should be considered equal before the wave picture clears up.
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 18, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Scenarios of the European currencies suppose nearest reverse of the many-month trend in favor of the dollar. Confirmation of this reverse should be awaited. Possible projections were described yesterday in Final straight (Daily Wave Analysis, April 18, 2007).
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/3/26412_2143.gif
Figure 1. Wave counting on 480 min chart.
EUR is supposed to be finishing forming of zigzag of Y, getting ready for the reverse of the many-month trend downwards. The details are given in the next chart.
In the mid-term plan zigzag completion is expected. Trend is to reverse downwards.
http://www.alpari-forex.com/files/pic/docs/3/26412_2144.gif
Figure 2. Wave counting on 120 min chart.
According to the wave counting draft impulse v of (C) may be expected to complete soon.
In the short-term plan impulse v of (C) completion is 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/3/26412_2145.gif
Figure 3. Wave counting on 480 min chart.
GBP is supposed to be finishing forming of zigzag of Y, getting ready for the reverse of the many-month trend downwards. The details are given in the next chart.
In the mid-term plan zigzag completion is expected. Trend is to reverse downwards.
http://www.alpari-forex.com/files/pic/docs/3/26412_2146.gif
Figure 4. Wave counting on 120 min chart.
According to the wave counting draft impulse v of (C) may be expected to complete soon.
In the short-term plan impulse v of (C) completion is 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 the weekly chart.
http://www.alpari-forex.com/files/pic/docs/3/26412_2147.gif
Figure 5. Wave counting on the weekly chart.
One of possible scenarios was described in Annual-07. Zigzag (A)-(B)-(C) of may complete with a wide diagonal triangle (C) in accordance with the alternation guidelines for zigzags (see page 140 of my book). The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26412_2148.gif
Figure 6. Wave counting on 480 min chart.
An unusual supposed wedge ? with the final wave in the shape of a diagonal triangle, described yesterday, deserves your attention (see Notes on pages 186 and 187 of my book).
In the mid-term plan supposed wave completion is expected. Wave picture is expected to become clearer.
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/3/26412_2149.gif
Figure 7. Wave counting on 480 min chart.
CHF is supposed to be finishing forming of zigzag of Y, getting ready for the reverse of the many-month trend upwards. The details are given in the next chart.
In the mid-term plan zigzag completion is expected. Trend is to reverse upwards.
http://www.alpari-forex.com/files/pic/docs/3/26412_2150.gif
Figure 8. Wave counting on 120 min chart.
According to the wave counting draft impulse v of (C) may be expected to complete soon.
In the short-term plan impulse v of (C) completion is expected.
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 19, 2007Do not reproduce without explicit permission of Alpari Ltd
Reversal extremum of many-month trend is supposed to be forming. The process of the trend breakout may last several days, it is possible that the extremum will change several times before the trend is confirmed.
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/3/26448_2213.gif
Figure 1. Wave counting on 480 min chart.
Supposed ending of zigzag of Y is indicated. I expect confirmation of uptrend completion. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26448_2214.gif
Figure 2. Wave counting on 120 min chart.
Wave structure of wave v of (c) supposes that impulse (c) may be completed. I expect this fact to be confirmed. Downtrend is supposed to keep forming.
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/3/26448_2215.gif
Figure 3. Wave counting on 480 min chart.
Supposed high of zigzag of Y is indicated. Though the wave structure of the upward impulse (c) supposes that the final price thrust upwards is possible. Uptrend completion is expected to be confirmed. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26448_2216.gif
Figure 4. Wave counting on 120 min chart.
Wave structure of wave v of (c) supposes that impulse (c) may be incomplete. I expect its completion to be confirmed. Wave picture is supposed to clear up.
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/3/26448_2217.gif
Figure 5. Wave counting on 480 min chart.
Wave picture of this area is not clear. Correction ? forming is supposed to be completed. It is expected to be confirmed. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26448_2218.gif
Figure 6. Wave counting on 120 min chart.
The first waves of a new local uptrend are supposed to be forming.
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/3/26448_2219.gif
Figure 7. Wave counting on 480 min chart.
Supposed ending of zigzag of Y is indicated. I expect downtrend completion to be confirmed. Details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26448_2220.gif
Figure 8. Wave counting on 120 min chart.
Wave structure of wave v of (c) supposes that impulse (c) may be completed. It is expected to be confirmed. Uptrend is supposed to keep forming.
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 23, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Reversal extremum of many-month trend is supposed to be forming. The process of the trend breakout may last several days, it is possible that the extremum will change several times before the trend is confirmed. Possible scenarios of prices movement are given in the yesterday’s article Possible perspectives of the European currencies for 2007.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly-0407 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26475_2264.gif
Figure 1. Wave counting on 480 min chart.
Supposed ending of zigzag of Y is indicated. The final price thrust upwards is still possible. I expect confirmation of old uptrend completion. New downtrend is supposed to continue. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26475_2265.gif
Figure 2. Wave counting on 120 min chart.
Wave v of (c) structure supposes that impulse (c) may be completed. I expect this fact to be confirmed. Downtrend is supposed to keep forming.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0407 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26475_2266.gif
Figure 3. Wave counting on 480 min chart.
Supposed high of zigzag of Y is indicated. Though the wave structure of the upward impulse (c) supposes that the final price thrust upwards is possible. I expect confirmation of old uptrend completion. New downtrend is supposed to continue. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26475_2267.gif
Figure 4. Wave counting on 120 min chart.
Wave structure of wave v of (c) supposes that impulse (c) may be incomplete. I expect its completion to be confirmed. Wave picture is supposed to clear up.
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/3/26475_2268.gif
Figure 5. Wave counting on 480 min chart.
Unfortunately, wave picture of this area is not clear. Correction ? forming is supposed to be completed. It is expected to be confirmed. Wave picture is supposed to clear up. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26475_2269.gif
Figure 6. Wave counting on 120 min chart.
The first waves of a new local uptrend are supposed to be forming.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0407 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26475_2270.gif
Figure 7. Wave counting on 480 min chart.
Supposed ending of zigzag of Y is indicated. I expect old downtrend completion to be confirmed. New uptrend is supposed to continue. Details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26475_2271.gif
Figure 8. Wave counting on 120 min chart.
Wave structure of wave v of (c) supposes that impulse (c) may be completed. It is expected to be confirmed. Uptrend is supposed to keep forming.
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.[*]Possible perspectives of the European currencies for 2007[*]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 24, 2007Do not reproduce without explicit permission of Alpari Ltd.
Introduction
Reversal extremum of many-month trend is supposed to be forming. The final strokes of the many-month trend are supposed to be added to the wave picture. The expected final price thrust against the dollar that is forming just now will complete the wave picture. Possible scenarios of prices movement are given in the yesterday’s article Possible perspectives of the European currencies for 2007.
The CAD is probably ready to reverse in favor of the USD. For the forecast of its further movement refer to yesterday’s article The nearest CAD perspectives (USD/CAD).
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0407 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2353.gif
Pic. 1. Wave counting on 480 min chart.
Supposed ending of zigzag of Y is indicated. The final price thrust upwards is still possible.
I expect confirmation of old uptrend completion and new downtrend start. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2354.gif
Pic. 2. Wave counting on 120 min chart.
The final price thrust upwards is supposed to be completed. If the price doesn’t form extension in the finishing wave v of (c) structure, its end may signal the end of the many-month trend and become a convenient level for placing the stop losses of the short positions.
I expect the old uptrend completion to be confirmed. Downtrend is supposed to keep forming.
2. GBP/USDFor survey wave counting refer to Annual-07, Monthly-0407 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2355.gif
Pic. 3. Wave counting on 480 min chart.
Supposed high of zigzag of Y is indicated. Though the wave structure of the upward impulse (c) supposes that the final price thrust upwards is possible.
I expect confirmation of old uptrend completion. New downtrend is supposed to continue. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2356.gif
Pic. 4. Wave counting on 120 min chart.
Wave structure of wave v of (c) supposes that impulse (c) may be incomplete.
I expect its completion to be confirmed. Wave picture is supposed to clear up.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0407 and article Possible perspectives of the European currencies for 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2357.gif
Pic. 5. Wave counting on 480 min chart.
Unfortunately, wave picture of this area is not clear. Correction ? forming is supposed to be completed.
It is expected to be confirmed. Wave picture is supposed to clear up. The details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2358.gif
Pic. 6. Wave counting on 120 min chart.
The correction ii? of a new local uptrend is supposed to complete.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0407 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2359.gif
Pic. 7. Wave counting on 480 min chart.
Supposed ending of zigzag of Y as the expected final price downward thrust is indicated. Although this throw changes slightly the wave picture and transforms the downward impulse (c) into the widened diagonal triangle.
I expect old downtrend completion to be confirmed. New uptrend is supposed to start forming. Details are given in the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26492_2360.gif
Pic. 8. Wave counting on 120 min chart.
The final price thrust downwards is supposed to be completed. If the price doesn’t form a more complicated zigzag structure in the finishing wave v of (c), its end may signal the end of the many-month trend and become a convenient level for placing the stop losses of the long positions.
It is expected to be confirmed. Old downward trend is supposed to be completed and uptrend is supposed to start forming.
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[*]Check point. Normal flight[*]Possible perspectives of the European currencies for 2007[*]The nearest CAD perspectives (USD/CAD)[*]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 25, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Possible scenarios of trend reverse in favor of the dollar are given in Monthly-0507 (in Russian).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26559_2439.gif
Figure 1. Wave counting on 480 min chart.
Seven waves of the wave counting draft of the supposed correction let us specify possible point of the trend reverse. Though it is not confirmed yet. Upward correction may keep forming up to xi wave.
I expect the wave picture to clear up and one of the described scenarios to be confirmed.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26559_2447.gif
Figure 2. Wave counting on 480 min chart.
Wave counting draft of the supposed correction in the shape of the seven waves lets us specify possible point of the trend reverse. Though it is not confirmed yet. Upward correction may keep forming up to xi wave. Moreover, the last downward movement was forming rather in the corrective, than in the impulsive mode.
I expect the wave picture to clear up and one of the described scenarios to be confirmed.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26559_2448.gif
Figure 3. Wave counting on 480 min chart.
Wave structure, which has been forming from the beginning of March, is more likely of the corrective mode, than of the impulsive one. That is why the movements from the end of January are treated as a possible zigzag C, which wave of C is near its end.
I expect the wave picture to clear up and one of the described scenarios to be confirmed.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 4 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26559_2449.gif
Figure 4. Wave counting on 480 min chart.
Seven waves of the supposed correction as a wave counting draft let us specify possible point of the trend reverse. Though it is not confirmed yet. Downward correction may keep forming up to xi wave.
I expect the wave picture to clear up and one of the described scenarios to be confirmed.
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.[*]Possible perspectives of the European currencies for 2007[*]Nearest Perspectives of CAD (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]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 30, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Expectations remain the same. USD fall is still expected to complete at the end of May. Though possible alternate scenarios, described in Monthly-0507, are still valid.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26589_2494.gif
Figure 1. Wave counting on 480 min chart.
The trend may keep forming up to wave xi. RSI has approached its resistance level whereas the price is in the lower part of the trend channel, that is why upward reverse of the local trend may be expected. The details are given in the next chart.
Local trend is expected to reverse upwards.
http://www.alpari-forex.com/files/pic/docs/3/26589_2495.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave viii is supposed to be almost completed.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26589_2496.gif
Figure 3. Wave counting on 480 min chart.
Wave ix beginning is supposed to be forming, trend is expected to keep forming up to wave xi. The details are given in the next chart.
Uptrend is expected to continue.
http://www.alpari-forex.com/files/pic/docs/3/26589_2497.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. A wedge as wave of ix is supposed to be forming.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26589_2498.gif
Figure 5. Wave counting on 480 min chart.
The movement from the end of January is supposed to be zigzag C, which wave of C is almost completed. The details are given in the next chart.
Local trend is expected to reverse downwards.
http://www.alpari-forex.com/files/pic/docs/3/26589_2499.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave is supposed to be almost completed.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26589_2500.gif
Figure 7. Wave counting on 480 min chart.
The trend may keep forming up to wave xi. RSI has approached its resistance level whereas the price is at the upper edge of the trend channel, that is why local trend may reverse downwards. The details are given in the next chart.
Local trend is expected to reverse downwards.
http://www.alpari-forex.com/files/pic/docs/3/26589_2501.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave viii is supposed to be almost 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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 2, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
USD fall is expected to complete at the end of May. Though possible alternate scenarios, described in Monthly-0507, are still valid (they will be annulled once the price crosses the confirmative levels on the 480 min charts, given below).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26602_2517.gif
Figure 1. Wave counting on 480 min chart.
Uptrend may keep forming up to wave xi. RSI has approached its resistance level whereas the price is in the lower part of the trend channel, that is why upward reverse of the local trend may be expected. The details are given on the next chart.
Local trend is expected to reverse upwards.
http://www.alpari-forex.com/files/pic/docs/3/26602_2518.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. The initial stage of wave ix is supposed to be forming.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26602_2519.gif
Figure 3. Wave counting on 480 min chart.
Uptrend may keep forming up to wave xi. RSI approached its resistance level when the price broke the lower part of the trend channel, that is why upward reverse of the local trend may be expected. The details are given on the next chart.
Local trend is expected to reverse upwards.
http://www.alpari-forex.com/files/pic/docs/3/26602_2520.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. Wave viii is supposed to be almost completed.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26602_2521.gif
Figure 5. Wave counting on 480 min chart.
The movement from the end of January is supposed to be zigzag C, which wave of C is almost completed. The details are given in the next chart.
Local trend is expected to reverse downwards.
http://www.alpari-forex.com/files/pic/docs/3/26602_2522.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave is supposed to be almost completed.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26602_2523.gif
Figure 7. Wave counting on 480 min chart.
Downtrend may keep forming up to wave xi. RSI approached its resistance level when the price broke the upper edge of the trend channel, that is why local trend may reverse downwards. The details are given in the next chart.
Local trend is expected to reverse downwards.
http://www.alpari-forex.com/files/pic/docs/3/26602_2524.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Initial structure of wave ix is supposed to be forming.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 3, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
USD fall is expected to complete at the end of May. Though possible alternate scenarios, described in Monthly-0507, are still valid (they will be annulled once the price crosses the confirmative levels).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26618_2544.gif
Figure 1. Wave counting on 480 min chart.
Uptrend may keep forming up to wave xi. RSI has approached its resistance level whereas the price is in the lower part of the trend channel, that is why upward reverse of the local trend may be expected.
Local trend is expected to reverse upwards.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26618_2545.gif
Figure 2. Wave counting on 480 min chart.
Uptrend may keep forming up to wave xi. RSI approached its resistance level when the price broke the lower part of the trend channel, that is why upward reverse of the local trend may be expected.
Local trend is expected to reverse upwards.
USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26618_2546.gif
Figure 3. Wave counting on 480 min chart.
The movement from the end of January is supposed to be a forming zigzag C, which wave of C is almost completed.
Local trend is expected to reverse downwards.
4. 4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 4 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26618_2547.gif
Figure 4. Wave counting on 480 min chart.
Downtrend may keep forming up to wave xi. RSI approached its resistance level when the price broke the upper edge of the trend channel, that is why local trend may reverse downwards.
Local trend is expected to reverse downwards.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 4, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
USD fall is expected to complete at the end of May. Though possible alternate scenarios, described in Monthly-0507, are still valid (they will be annulled once the price crosses the confirmative levels).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2567.gif
Figure 1. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Uptrend may keep forming up to wave xi. Details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2568.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. The initial structure of wave ix is supposed to be forming.
Uptrend forming is expected.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2569.gif
Figure 3. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Uptrend may keep forming up to wave xi. Details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2570.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. The initial structure of wave ix is supposed to be forming.
Uptrend forming is expected.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2571.gif
Figure 5. Wave counting on 480 min chart.
The movement from the end of January may be treated as zigzag C, which wave of C is completed. The details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2572.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. The initial structure of wave is supposed to be forming.
Downtrend forming is expected.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2573.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Downtrend may keep forming up to wave xi. Details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26642_2574.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. The initial structure of wave ix is supposed to be forming.
Downtrend forming is expected.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 7, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Low activity of the market participants may be explained by expectation of interest rates decisions in UK, the USA, and Eurozone (May 9-10).
USD fall is expected to complete at the end of May. Though possible alternate scenarios, described in Monthly-0507, are still valid (they will be annulled once the price crosses the confirmative levels).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2596.gif
Figure 1. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Uptrend may keep forming up to wave xi. Details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2597.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. Wave ix is supposed to be forming.
Uptrend forming is expected to continue.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2598.gif
Figure 3. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Uptrend may keep forming up to wave xi. Details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2599.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. Wave ix is supposed to be forming.
Uptrend forming is expected to continue.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2600.gif
Figure 5. Wave counting on 480 min chart.
The movement from the end of January may be treated as zigzag C, which wave of C is completed. The details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2601.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. Wave is supposed to be forming.
Downtrend forming is expected to continue.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2602.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Downtrend may keep forming up to wave xi. Details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26668_2603.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given on the chart. Wave ix is supposed to be forming.
Downtrend forming is expected to continue.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 8, 2007Do not reproduce without explicit permission of Alpari Ltd.
Introduction
USD fall is expected to complete at the end of May. Though possible alternate scenarios, described in Monthly-0507, are still valid and even gain momentum in respect of some currencies.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26702_2659.gif
Figure 1. Wave counting on 480 min chart.
Supposedly, correction viii is still incomplete. RSI has approached its resistance level again when the price broke the lower edge of the trend channel, that is why local trend may be expected to reverse upwards.
Local trend is expected to reverse upwards.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26702_2660.gif
Figure 2. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Uptrend may keep forming up to wave xi.
Uptrend forming is expected to continue.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26702_2661.gif
Figure 3. Wave counting on 480 min chart.
The movement from the end of January may be treated as zigzag C, which wave of C is completed.
Downtrend is expected to continue.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 4 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26702_2662.gif
Figure 4. Wave counting on 480 min chart.
Supposedly, correction viii is still incomplete. RSI has approached its resistance level again when the price broke the upper edge of the trend channel and it has even formed a divergence with the price, that is why local trend may be expected to reverse downwards.
Local trend is expected to reverse downwards.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 10, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
The price of the European currencies is moving between the critical and confirmative levels, which confirms that the scenarios, described in Monthly-0507 are equally probable.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26727_2692.gif
Figure 1. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen.
http://www.alpari-forex.com/files/pic/docs/3/26727_2693.gif
Figure 2. Wave counting on 480 min chart.
Correction viii may be close to its end. RSI has approached its resistance level again when the price broke the lower edge of the trend channel. That is why it is quite logic to expect that the local trend will reverse upwards and to look for the optimum points to enter the long position.
Local trend is expected to reverse upwards.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26727_2694.gif
Figure 3. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen.
http://www.alpari-forex.com/files/pic/docs/3/26727_2695.gif
Figure 4. Wave counting on 480 min chart.
Correction viii may be close to its end. RSI has approached its resistance level again when the price broke the lower edge of the trend channel. That is why it is quite logic to expect that the local trend will reverse upwards and to look for the optimum points to enter the long position.
Local trend is expected to reverse upwards.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26727_2696.gif
Figure 5. Wave counting on 480 min chart.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed.
Downtrend forming is expected.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26727_2697.gif
Figure 6. Wave counting on the daily chart.
Having broken the upper line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen.
http://www.alpari-forex.com/files/pic/docs/3/26727_2698.gif
Figure 7. Wave counting on 480 min chart.
Correction viii may be close to its end. RSI has approached its resistance level again when the price broke the upper edge of the trend channel and even formed a divergence with the price. That is why it is quite logic to expect that the local trend will reverse downwards and to look for the optimum points to enter the short position.
Local trend is expected to reverse downwards.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 11, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Last two weeks I received a lot of letters with the different variants of wave counting marking, which are slightly/strongly/dramatically different from those I have released. The answer was always the same:
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both of these variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels there is no sense to argue which variant is correct.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
In any case a serious retracement against the dollar is urgent. May be the inner structure of the expected movement may suggest further scenario which the price will choose.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26755_2724.gif
Figure 1. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the downtrend structure may be considered to be an impulsive one with great reserve. Moreover the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen already.
http://www.alpari-forex.com/files/pic/docs/3/26755_2725.gif
Figure 2. Wave counting on 480 min chart.
Correction viii is supposed to be completed. Uptrend reverse is expected.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26755_2726.gif
Figure 3. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the downtrend structure may be considered to be an impulsive one with great reserve. Moreover the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen already.
http://www.alpari-forex.com/files/pic/docs/3/26755_2727.gif
Figure 4. Wave counting on 480 min chart.
Correction viii is supposed to be completed. Uptrend reverse is expected.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26755_2728.gif
Figure 5. Wave counting on 480 min chart.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed.
Downtrend forming is expected.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26755_2729.gif
Figure 6. Wave counting on the daily chart.
Having broken the upper line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Moreover the uptrend structure may be considered to be an impulsive one almost with no reserve. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen already.
http://www.alpari-forex.com/files/pic/docs/3/26755_2730.gif
Figure 7. Wave counting on 480 min chart.
Correction viii is supposed to be completed. Downtrend forming is expected.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]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.comMay 14, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both of these variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels both variants should be taken into account.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26769_2763.gif
Figure 1. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower line of the trend channel the price exceeds the chances of variant v.1 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26769_2764.gif
Figure 2. Wave counting on 120 min chart, v.1.
In Figure 2 downward movement in the shape of the forming impulsive structure is given. If the supposition is correct the downward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument in favor of variant v. 1.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26769_2765.gif
Figure 3. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower line of the trend channel the price exceeds the chances of variant v.1 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26769_2766.gif
Figure 4. Wave counting on 120 min chart, v.1.
In Figure 4 downward movement in the shape of the forming impulsive structure is given. If the supposition is correct the downward wave (5) of of i will assume the shape of the impulse or diagonal triangle.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26769_2767.gif
Figure 5. Wave counting on 480 min chart, v.1.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed. Though steady uptrend brings the alternate variant v. 2 to the foreground (the next Figure).
http://www.alpari-forex.com/files/pic/docs/3/26769_2768.gif
Figure 6. Wave counting on 480 min chart, v.2.
In Figure 6 upward movement in the shape of the forming wedge is given. If the supposition is correct the upward wave (v) of or can break the upper edge of the channel as the wedge is expanding.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26769_2769.gif
Figure 7. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the upper line of the trend channel the price exceeds the chances of variant v.1 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26769_2770.gif
Figure 8. Wave counting on 120 min chart, v.1.
In Figure 8 upward movement in the shape of the forming impulsive structure is given. If the supposition is correct the upward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument is favor of variant v.1.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly-0507[*]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.comMay 15, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels both variants should be taken into account.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26787_2787.gif
Figure 1. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower edge of the trend channel the price increases chances of variant v.1 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26787_2788.gif
Figure 2. Wave counting on 120 min chart, v.1.
In Figure 2 downward movement in the shape of the forming wedge is given. If the supposition is correct the downward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument in favor of variant v. 1.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26787_2789.gif
Figure 3. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower edge of the trend channel the price increases chances of variant v.1 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26787_2790.gif
Figure 4. Wave counting on 120 min chart, v.1.
In Figure 4 downward movement in the shape of the forming impulsive structure is given. If the supposition is correct the downward wave (5) of of i will assume the shape of the impulse or diagonal triangle.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26787_2791.gif
Figure 5. Wave counting on 480 min chart, v.1.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed. Though steady uptrend brings the alternate variant v. 2 to the foreground (the next Figure).
http://www.alpari-forex.com/files/pic/docs/3/26787_2792.gif
Figure 6. Wave counting on 480 min chart, v.2.
In Figure 6 upward movement in the shape of the forming wedge is given. If the supposition is correct the upward wave (v) of or can break the upper edge of the channel as the wedge is contracting.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26787_2793.gif
Figure 7. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the upper edge of the trend channel the price increases the chances of variant v.1 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26787_2794.gif
Figure 8. Wave counting on 120 min chart, v.1.
In Figure 8 upward movement in the shape of the forming wedge is given. If the supposition is correct the upward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument is favor of variant v.1.
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.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly-0507[*]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.comMay 16, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels both variants should be taken into account.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
Yesterday?s USD strengthening was an additional argument in favor of the trend reverse of the end of April. That is why this variant is described in details in today?s forecast.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26805_2821.gif
Figure 1. Wave counting on 480 min chart, v.1.
The downward construction may be presented in the shape of the wedge with some reserve. For its completion wave of i should fall at least tol the level of wave of I ending. Otherwise the downward construction may be a sequence of waves 1-2, 1-2.
http://www.alpari-forex.com/files/pic/docs/3/26805_2822.gif
Figure 2. Wave counting on 120 min chart, v.1.
According to a possible variant of wave counting downward wedge is forming. If the supposition is correct wave of i should reach 1.3450. Though the price will hardly reach the lower edge of the channel as the wedge is expanding.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26805_2823.gif
Figure 3. Wave counting on 480 min chart, v.1.
The downward construction may be presented in the shape of the wedge with some reserve. Otherwise it may be a sequence of waves 1-2, 1-2.
http://www.alpari-forex.com/files/pic/docs/3/26805_2824.gif
Figure 4. Wave counting on 120 min chart, v.1.
According to a possible variant of wave counting downward wedge forming is expected. For its completion only the final downward price thrust is required. This thrust may break the lower edge of the channel as the wedge is contracting.
Then immediate reverse of the local trend upwards may be expected and optimum points to open mid-term long positions may be looked for.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26805_2825.gif
Figure 5. Wave counting on 480 min chart, v.2.
According to this scenario upward movement is presented in the shape of the forming wedge. If the suppositions is correct upward wave (v) of or may break the upper edge of the channel, as the wedge is contracting.
Then immediate reverse of the local trend downwards should be expected and the optimum points to open mid-term short positions should be looked for.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26805_2826.gif
Figure 6. Wave counting on 480 min chart, v.1.
The upward construction may be presented in the shape of the wedge. Otherwise it may be a sequence of waves 1-2, 1-2.
http://www.alpari-forex.com/files/pic/docs/3/26805_2827.gif
Figure 7. Wave counting on 120 min chart, v.1.
According to a possible scenario upward wedge forming is expected. If the suppositions is correct wave of i may break the upper edge of the channel, as the wedge is contracting.
Then immediate reverse of the local trend downwards should be expected and the optimum points to open mid-term short positions should be looked for.
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[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly-0507[*]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.comMay 17, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory