Introduction
For the European currencies completed zigzag in favor of the dollar may turn out to be a launching platform for the new zigzag USD weakening. Such scenarios have been described before in Wave Analysis .
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27164_3464.gif
Figure 1. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.3050 and 1.29 are the optimum levels for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario ending of zigzag may be formed. If this variant is confirmed upward wave of Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27164_3465.gif
Figure 2. Wave counting on 120 min chart.
Supposedly, wave ii of (c) is almost completed in the shape of the zigzag.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27164_3466.gif
Figure 3. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.92 is the optimum levels for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario ending of zigzag may be formed. If this variant is confirmed upward wave of Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27164_3467.gif
Figure 4. Wave counting on 120 min chart.
Supposedly, wave ii of (c) is almost completed in the shape of the zigzag.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27164_3468.gif
Figure 5. Wave counting on 480 min chart.
According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward price movement in the narrow trend channel.
If the supposition is correct USD progressive strengthening may be expected by the end of June. A possible variant of this area marking is given in the picture.
http://www.alpari-forex.com/files/pic/docs/4/27164_3469.gif
Figure 6. Wave counting on 120 min chart.
Supposedly, final waves (iv) and (v) are required for impulse to be completed.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27164_3470.gif
Figure 7. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. 1.28 is the optimum levels for its completion. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario the final high of the horizontal triangle is forming (see Figure 5 in Daily-130607). If this variant is confirmed downward wave Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27164_3471.gif
Figure 8. Wave counting on 120 min chart.
Supposedly, wave ii of (c) is almost completed in the shape of the flat.
5. GBP/JPYhttp://www.alpari-forex.com/files/pic/docs/4/27164_3472.gif
Figure 9. Wave counting on 60 min chart.
Yesterday the price has reached the area of projected values (see Nearest Projections of GBP/JPY).
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 19, 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 completed zigzag in favor of the dollar may turn out to be a launching platform for the new zigzag USD weakening. Such scenarios have been described before in Wave Analysis .
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27185_3490.gif
Figure 1. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.3050 and 1.29 are the optimum levels for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario ending of zigzag may be formed. If this variant is confirmed upward wave of Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27185_3491.gif
Figure 2. Wave counting on 120 min chart.
Supposedly, wave ii of (c) is almost completed in the shape of the zigzag.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27185_3492.gif
Figure 3. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.92 is the optimum levels for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario ending of zigzag may be formed. If this variant is confirmed upward wave of Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27185_3493.gif
Figure 4. Wave counting on 120 min chart.
Supposedly, wave ii of (c) is almost completed in the shape of the zigzag.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27185_3494.gif
Figure 5. Wave counting on 480 min chart.
According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward price movement in the narrow trend channel.
If the supposition is correct USD progressive strengthening may be expected by the end of June. A possible variant of this area marking is given in the picture.
http://www.alpari-forex.com/files/pic/docs/4/27185_3495.gif
Figure 6. Wave counting on 120 min chart.
Supposedly, final wave (v) is required for impulse to be completed.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27185_3496.gif
Figure 7. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. 1.28 is the optimum levels for its completion. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario the final high of the horizontal triangle is forming (see Figure 5 in Daily-130607). If this variant is confirmed downward wave Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27185_3497.gif
Figure 8. Wave counting on 120 min chart.
Supposedly, wave ii of (c) is almost completed in the shape of the flat.
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 20, 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 completed zigzag in favor of the dollar may turn out to be a launching platform for the new zigzag USD weakening. Such scenarios have been described before in Wave Analysis .
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27200_3516.gif
Figure 1. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.3050 and 1.29 are the optimum levels for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. Though the edge of the channel of supposed correction ii is not broken. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario ending of zigzag may be formed. If this variant is confirmed upward wave of Y of (B) will keep forming in the nearest future.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27200_3517.gif
Figure 2. Wave counting on 480 min chart.
Strictly speaking, the main variant has not been annulled yet, though the price has approached the critical level that is why the alternate variant should be at hand.
Possible further zigzag weakening of the dollar was taken into account (see the introduction). Though the preliminary variant is also possible, that is the dollar strengthening may be in the zigzag mode rather than in the impulsive one.
In this case downward double/triple zigzag (wave (Y)) or downward diagonal triangle (then it will be wave (C)) may form.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27200_3518.gif
Figure 3. Wave counting on 480 min chart.
According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward price movement in the narrow trend channel.
If the supposition is correct USD progressive strengthening may be expected by the end of June. A possible variant of this area marking is given in the picture.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27200_3519.gif
Figure 4. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.28 is the optimum level for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. Though the edge of the channel of supposed correction ii is not broken. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario the final high of the horizontal triangle may be formed (see Figure 5 in Daily-130607). If this variant is confirmed downward wave Y of (B) will keep forming in the nearest future.
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 21, 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 completed zigzag in favor of the dollar may turn out to be a launching platform for the new zigzag USD weakening. Such scenarios have been described before in Wave Analysis .
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27217_3537.gif
Figure 1. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.3050 and 1.29 are the optimum levels for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. The edge of the channel of supposed correction ii is broken. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario ending of zigzag may be formed. If this variant is confirmed upward wave of Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27217_3538.gif
Figure 2. Wave counting on 120 min chart.
According to one of the possible variants of the wave counting marking the downtrend may keep forming. Though downward wave ? may turn out to be a part of the correction in the alternate upward movement.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27217_3539.gif
Figure 3. Wave counting on 480 min chart.
The main variant has not been annulled yet, though the price has approached the critical level that increases chances of the alternate scenario.
Possible further zigzag weakening of the dollar was taken into account (see the introduction). Though the preliminary variant is also possible, that is the dollar strengthening may be in the zigzag mode rather than in the impulsive one.
In this case downward double/triple zigzag (wave (Y)) or downward diagonal triangle (then it will be wave (C)) may form.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27217_3540.gif
Figure 4. Wave counting on 480 min chart.
According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward price movement in the narrow trend channel.
If the supposition is correct USD progressive strengthening may be expected by the end of June. A possible variant of this area marking is given in the picture.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27217_3541.gif
Figure 5. Wave counting on 480 min chart.
The second leg (c) of zigzag is supposed to be forming. 1.28 is the optimum level for its completion. If the supposition is correct impetuous and profitable wave iii of (c) may be expected in the nearest future. The edge of the channel of supposed correction ii has been broken. Waves (B) and (b) of endings are the critical levels for this variant.
According to the alternate scenario the final high of the horizontal triangle may be formed (see Figure 5 in Daily-130607). If this variant is confirmed downward wave Y of (B) will keep forming in the nearest future.
http://www.alpari-forex.com/files/pic/docs/4/27217_3542.gif
Figure 6. Wave counting on 120 min chart.
According to one of the possible variants of the wave counting marking the uptrend may keep forming. Though upward wave ? may turn out to be a part of the correction in the alternate downward movement.
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 22, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
On Friday GBP has broken the critical level of the main variant that is why we may expect that a new stage of the major USD weakening will last till the end of this summer or even the end of 2007. At least it is possible according to the current variant of the wave counting marking of the major currency pairs. See Saturday's article Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 2007).
Thus for each currency pair under consideration three possible variants are almost equally probable.
For EUR/USD:
[*]the previous main one, described in the daily forecasts recently (e.g. see Daily-220607),[*]alternate and[*]alternate 2 (see the article mentioned above).For GBP/USD:
[*]preliminary, described in the daily forecasts recently (e.g. see Daily-220607),[*]alternate and[*]alternate 2 (см. the article mentioned above).For USD/JPY:
[*]the main, described in the daily forecasts recently (e.g. see Daily-220607) and[*]alternate (see the article mentioned above).For USD/CHF:
[*]the previous main one, described in the daily forecasts recently (e.g. see Daily-220607),[*]alternate and[*]alternate 2 (see the article mentioned above).For USD/CAD:
[*]the previous main one and[*]alternate, described in Possible Weakening of CAD (USD/CAD) till the Mid of 2009 and[*]alternate 2 (see the article mentioned at the beginning of this review).Each variant has some advantages and disadvantages but they are quite realizable.
The previous main variant for the European currencies is doubtful as it has been already annulled for GBP and there is a steady trend for EUR and CHF price to move towards the critical level in the impulsive mode.
The alternate variant, described in Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 2007) for the European currencies is quite good especially if the mentioned but not described variant with the diagonal triangle is realized. But combination of the constitutive waves of a smaller degree in the shape of the double and triple zigzags in the supposed double zigzag is quite rare.
At the same time the wave patterns tend to be symmetrical in their external shape and from my point of view the variant «alternate 2» is the most symmetrical one among the alternate variants. Moreover it is quite obvious that at the very beginning the direction and shape of the price movement within the variant «alternate 2» may coincide with the movement in accordance with the scenario «alternate».
That is why in the daily forecasts for the European currencies I will rely on the variant «Alternate 2» (for USD/JPY — «alternate») as the most preferable one.
1. EUR/USDFor EUR survey wave counting refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27245_3582.gif
Figure 1. Wave counting on the daily chart.
The second wave link XX of the global triple zigzag (B) may be forming. It is not clear which shape it will assume as the choice is wide. Before supposed wave of XX is completed the ending of wave of XX is the critical level.
http://www.alpari-forex.com/files/pic/docs/4/27245_3583.gif
Figure 2. Wave counting on 480 min chart.
Supposedly, upward impulse (a) of of XX may be formed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
2. GBP/USDFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27245_3584.gif
Figure 3. Wave counting on the daily chart.
The second wave link XX of the global triple zigzag (B) may be forming. It is not clear which shape it will assume as the choice is wide. Before supposed wave of XX is completed the ending of wave of XX is the critical level.
http://www.alpari-forex.com/files/pic/docs/4/27245_3585.gif
Figure 4. Wave counting on 480 min chart.
Supposedly, upward impulse (a) of of XX may be formed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
3. USD/JPYFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 2007). Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/4/27245_3586.gif
Figure 5. Wave counting on the daily chart.
According to this alternate scenario supposed wave B is almost completed in the shape of the contracting diagonal triangle. If the supposition is correct local trend downward reverse may be expected as the price has broken the upper forming line of the diagonal triangle and downward and may be impetuous wave C of (B) forming may be expected.
http://www.alpari-forex.com/files/pic/docs/4/27245_3587.gif
Figure 6. Wave counting on 480 min chart.
One possible scenario supposes that the final wave v of the diagonal triangle (c) is completed. Wave B completion is expected to be confirmed.
4. USD/CHFFor CHF survey wave counting refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 2007). Refer to Figure 7 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/4/27245_3588.gif
Figure 7. Wave counting on the daily chart.
Wave link , which is assuming the shape of the horizontal triangle, may be forming. If the supposition is correct the ending of wave (d) of may be expected around 1.21 taking into consideration proportions of the main waves of this triangle.
http://www.alpari-forex.com/files/pic/docs/4/27245_3589.gif
Figure 8. Wave counting on 480 min chart.
Supposedly downward impulse a of (d) has formed. If the supposition is correct after correction b another downward impulse or diagonal triangle c of (b) may be expected.
5. EUR/JPY http://www.alpari-forex.com/files/pic/docs/4/27245_3590.gif
Figure 9. Wave counting on 480 min chart.
The price has reached the projected area and the upper edge of the channel, the trend downward reverse is highly probable (see Never-ending Ascension (EUR/JPY)).
http://www.alpari-forex.com/files/pic/docs/4/27245_3591.gif
Figure 10. Wave counting on the daily chart.
Forming of the supposed fourth wave 4 may last for more than a week.
6. GBP/JPY http://www.alpari-forex.com/files/pic/docs/4/27245_3592.gif
Figure 11. Wave counting on 480 min chart.
The price has reached the upper edge of the channel and has overcome the optimum projected area for several pips, the trend downward reverse is highly probable (see article Nearest Projections of GBP/JPY (+EUR/JPY)).
http://www.alpari-forex.com/files/pic/docs/4/27245_3593.gif
Figure 12. Wave counting on the daily chart.
Forming of the supposed fourth wave may last for more than a week.
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]CAD Possible Weakening (USD/CAD) till the Mid of 2009 [*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 25, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
A new stage of the major USD weakening may be forming. See article Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 2007).
1. EUR/USDFor EUR survey wave counting refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27261_3613.gif
Figure 1. Wave counting on 480 min chart.
Upward impulse (a) of is supposed to be almost completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
http://www.alpari-forex.com/files/pic/docs/4/27261_3614.gif
Figure 2. Wave counting on 120 min chart.
According to a possible scenario wave (a) may be almost completed. I expect this wave to be confirmed and wave (b) to start forming.
2. GBP/USDFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27261_3615.gif
Figure 3. Wave counting on 480 min chart.
Upward impulse (a) of is supposed to be almost completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
http://www.alpari-forex.com/files/pic/docs/4/27261_3616.gif
Figure 4. Wave counting on 120 min chart.
According to a possible scenario wave (a) may be almost completed. I expect this wave to be confirmed and wave (b) to start forming.
3. USD/JPYFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27261_3617.gif
Figure 5. Wave counting on 480 min chart.
Wave B may be completed already. In this case its ending is the critical level for this variant of the wave counting. I expect this ending to be confirmed. Supposedly the first waves of a new downtrend are forming.
http://www.alpari-forex.com/files/pic/docs/4/27261_3618.gif
Figure 6. Wave counting on 120 min chart.
According to a possible scenario downward wave of C is forming.
4. USD/CHFFor CHF survey wave counting refer to Alternate but Real Weakening of the Dollar before the End of this Summer (or the End of 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/4/27261_3619.gif
Figure 7. Wave counting on 480 min chart.
Supposedly downward impulse a of (d) has formed. If the supposition is correct after correction b another downward impulse or diagonal triangle c of (b) may be expected.
http://www.alpari-forex.com/files/pic/docs/4/27261_3620.gif
Figure 8. Wave counting on 120 min chart.
According to a possible scenario wave a of (d) may be almost completed. I expect this ending to be confirmed and wave b 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[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 26, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
A new stage of the major USD weakening may be forming. See article Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 2007).
1. EUR/USDFor EUR survey wave counting refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27276_3640.gif
Figure 1. Wave counting on 480 min chart.
Upward impulse (a) of is supposed to be completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
http://www.alpari-forex.com/files/pic/docs/4/27276_3641.gif
Figure 2. Wave counting on 120 min chart.
According to a possible scenario wave (a) may be completed. I expect this wave to be confirmed and wave (b) to keep forming.
2. GBP/USDFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27276_3642.gif
Figure 3. Wave counting on 480 min chart.
Upward impulse (a) of is supposed to be completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
http://www.alpari-forex.com/files/pic/docs/4/27276_3643.gif
Figure 4. Wave counting on 120 min chart.
According to a possible scenario wave (a) may be completed. I expect this wave to be confirmed and wave (b) to start forming.
3. USD/JPYFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27276_3644.gif
Figure 5. Wave counting on 480 min chart.
Wave B may be completed already. The first waves of a new downtrend are forming. Wave B ending is the critical level for this variant of the wave counting. I expect uptrend completion to be confirmed.
http://www.alpari-forex.com/files/pic/docs/4/27276_3646.gif
Figure 6. Wave counting on 120 min chart.
According to a possible scenario downward wave of C is forming. Wave (i) of is assuming the shape of the wedge.
4. USD/CHFFor CHF survey wave counting refer to Alternate but Real Weakening of the Dollar before the End of this Summer (or the End of 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/4/27276_3647.gif
Figure 7. Wave counting on 480 min chart.
Supposedly downward impulse a of (d) has formed. If the supposition is correct after correction b another downward impulse or diagonal triangle c of (b) may be expected.
http://www.alpari-forex.com/files/pic/docs/4/27276_3648.gif
Figure 8. Wave counting on 120 min chart.
According to a possible scenario wave a of (d) may be almost completed. I expect this ending to be confirmed and wave b to keep forming.
5. USD/CADIn article Possible Weakening of CAD till the Mid of 2009 three most probable scenarios of USD/CAD further movement were considered.
http://www.alpari-forex.com/files/pic/docs/4/27276_3649.gif
Figure 9. Wave counting on 240 min chart.
According to a possible variant of the wave counting upward wedge (a) may be formed already (according to the scenario «alternative-2»). Once correction (b) is completed upward impulse (or diagonal triangle) forming may be expected.
Waves (a) and (b) forming fits the three scenarios under consideration. The price will have to choose one scenario at the supposed point (c) of once correction (b) completes.
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 27, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
A new stage of the major USD weakening may be forming. See article Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 2007).
2) Recent hesitation of the market participants may be triggered by expectations of the FED interest rates announcement.
1. EUR/USDFor EUR survey wave counting refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27298_3676.gif
Figure 1. Wave counting on 480 min chart.
Uptrend is still valid. Impulse (a) of is supposed to be completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
Recent hesitation of the market participants supposes that either expected correction (b) may be shallow and weakly expressed or supposed impulse (a) is not completed yet.
http://www.alpari-forex.com/files/pic/docs/4/27298_3677.gif
Figure 2. Wave counting on 120 min chart.
According to a possible scenario wave (a) may be completed. I expect wave (b) completion to be confirmed.
2. GBP/USDFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27298_3678.gif
Figure 3. Wave counting on 480 min chart.
Uptrend is still valid. Upward impulse (a) of is supposed to be completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
At the same time recent hesitation of the market participants supposes that either expected correction (b) may be shallow and weakly expressed or supposed impulse (a) is not completed yet.
http://www.alpari-forex.com/files/pic/docs/4/27298_3679.gif
Figure 4. Wave counting on 120 min chart.
According to a possible scenario wave (a) may be completed. I expect wave (b) to complete its forming.
3. USD/JPYFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27298_3680.gif
Figure 5. Wave counting on 480 min chart.
Wave B may be completed already. The first waves of a new downtrend are forming. Wave B ending is the critical level for this variant of the wave counting. I expect downtrend to continue.
http://www.alpari-forex.com/files/pic/docs/4/27298_3681.gif
Figure 6. Wave counting on 120 min chart.
According to a possible scenario downward wave of C is forming. Its wave (i) has assumed the shape of the wedge. I expect wave (ii) to complete its forming.
4. USD/CHFFor CHF survey wave counting refer to Alternate but Real Weakening of the Dollar before the End of this Summer (or the End of 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/4/27298_3682.gif
Figure 7. Wave counting on 480 min chart.
Downtrend is still valid. Impulse a of (d) may be completed. If the supposition is correct after correction b another downward impulse or diagonal triangle (c) of may be expected.
Recent hesitation of the market participants supposes that either expected correction (b) may be shallow and weakly expressed or supposed impulse a of (d) is not completed yet.
http://www.alpari-forex.com/files/pic/docs/4/27298_3683.gif
Figure 8. Wave counting on 120 min chart.
According to a possible scenario wave a may be completed. I expect wave b to complete its forming.
5. USD/CADIn article Possible Weakening of CAD till the Mid of 2009 three most probable scenarios of USD/CAD further movement were considered.
http://www.alpari-forex.com/files/pic/docs/4/27298_3684.gif
Figure 9. Wave counting on 240 min chart.
According to a possible variant of the wave counting upward impulse (or diagonal triangle) (c) of may form once correction (b) of finishes.
Waves (a) and (b) forming fits the three scenarios under consideration. The price will have to choose one scenario at the supposed point (c) of once correction (b) completes.
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible Weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 28, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
Currently quite a contradictory picture on USD pairs has formed. On the one hand mid-term USD weakening is still valid. On the other hand some currency pairs are ready to strengthen the dollar locally, may be in the shape of the corrective movement.
1. EUR/USDFor EUR survey wave counting refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27313_3706.gif
Figure 1. Wave counting on 480 min chart.
Uptrend is still valid. Impulse (a) of is supposed to be completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
2. GBP/USDFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27313_3707.gif
Figure 2. Wave counting on 480 min chart.
Uptrend is still valid, though it was adjusted slightly. Impulse (a) of is supposed to be almost completed. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of may be expected.
3. USD/JPYFor survey wave counting of this currency refer to Alternate but Real Weakening of the Dollar till the End of this Summer (or the End of 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/4/27313_3708.gif
Figure 3. Wave counting on 480 min chart.
Wave B may be completed already. The first waves of a new downtrend are forming. Wave B ending is the critical level for this variant of the wave counting. I expect supposed correction (ii) to complete and downtrend to continue.
4. USD/CHFFor CHF survey wave counting refer to Alternate but Real Weakening of the Dollar before the End of this Summer (or the End of 2007). Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27313_3709.gif
Figure 4. Wave counting on 480 min chart.
Downtrend is still valid. Impulse a of (d) may be completed. If the supposition is correct after correction b another downward impulse or diagonal triangle (c) of may be expected.
5. USD/CADIn article Possible Weakening of CAD till the Mid of 2009 three most probable scenarios of USD/CAD further movement were considered.
http://www.alpari-forex.com/files/pic/docs/4/27313_3710.gif
Figure 5. Wave counting on 240 min chart.
According to a possible variant of the wave counting upward impulse (or diagonal triangle) (c) of may form once correction (b) of finishes.
Wave (b) of supposed zigzag or is ready to go behind the beginning of the zigzag. Such patterns are quite rear on financial markets though they have been described in Wave Analysis (see Cellar) and Elliott’s Code: Wave Analysis of the FOREX Market (see Figure 3-43).
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)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible Weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007 [*]Monthly-0607[*]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.comJune 29, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
It is possible that a new stage of the major USD weakening keeps forming. See FOREX Forecast for the 2nd Half of 2007.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27348_3764.gif
Figure 1. Wave counting on 480 min chart.
Uptrend is still valid. At the same time correction (b) may form in the nearest future. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of should be expected.
http://www.alpari-forex.com/files/pic/docs/4/27348_3765.gif
Figure 2. Wave counting on 120 min chart.
According to a possible variant of the wave counting wave (a) may be completed. I expect correction (b) to start forming.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27348_3766.gif
Figure 3. Wave counting on 480 min chart.
Uptrend is still valid. At the same time correction (b) may form in the nearest future. If the supposition is correct after correction (b) another upward impulse or diagonal triangle (c) of should be expected.
http://www.alpari-forex.com/files/pic/docs/4/27348_3767.gif
Figure 4. Wave counting on 120 min chart.
According to a possible variant of the wave counting wave (a) may be completed. I expect correction (b) to start forming.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27348_3768.gif
Figure 5. Wave counting on 480 min chart.
Wave B is supposed to be completed already, though it is not confirmed yet. Wave B ending is the critical level for this variant of the wave counting. I still expect downtrend to continue.
http://www.alpari-forex.com/files/pic/docs/4/27348_3769.gif
Figure 6. Wave counting on 120 min chart.
According to a possible variant of the wave counting downward wave of C is forming. Its wave (i) has assumed the shape of the wedge. I expect wave (iii) to start forming.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27348_3770.gif
Figure 7. Wave counting on 480 min chart.
Downtrend is still valid. At the same time correction (b) may form in the nearest future. If the supposition is correct after correction (b) another downward impulse or diagonal triangle (c) of should be expected.
http://www.alpari-forex.com/files/pic/docs/4/27348_3771.gif
Figure 8. Wave counting on 120 min chart.
According to a possible variant of the wave counting wave (a) may be completed. I expect correction (b) 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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible Weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Monthly-0707[*]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.comJuly 2, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
1) A new stage of the major USD weakening keeps forming (see FOREX Forecast for the 2nd Half of 2007).
2) On July 9, 2007 (next Monday) no daily wave analysis will be released.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27362_3790.gif
Figure 1. Wave counting on 480 min chart.
Uptrend is still valid. Yesterday's upward price thrust confirmed the alternate variant of the wave counting (see Daily-020707). A zigzag with almost equal legs which followed the alternation guidelines for zigzags (see p. 140 of my book) is almost completed.
In this case we observe either wave XX forming in the shape of some horizontal correction (most preferable variant 3) or scenario 2 development Annual-07(2) ].
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27362_3791.gif
Figure 2. Wave counting on 480 min chart.
Uptrend is still valid. Yesterday's upward price movement supposes the alternate variant of the wave counting (see Daily-020707). A zigzag, rather than an impulse, has formed with a correlation of legs (c)=~(a)*3.0.
In this case we observe either wave XX forming in the shape of some horizontal correction (most preferable variant 3) or scenario 2 development Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27362_3792.gif
Figure 3. Wave counting on the daily chart.
The current part of the supposed wave XX became even more alike the previous correction of Y (see Monthly-0707).
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 4 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27362_3793.gif
Figure 4. Wave counting on 720 min chart.
As the nearest local movement for the European currencies is expected in favor of USD strengthening JPY may follow it in accordance with the alternate scenario (see Monthly-0707).
Arguments:
[*]Wave B has not been confirmed yet.[*]Price is at the lowest edge of the narrow trend channel, RSI has approached its resistance level having formed divergence with the price.[*]Downward zigzag xii forming is almost completed (see the next picture).http://www.alpari-forex.com/files/pic/docs/4/27362_3794.gif
Figure 5. Wave counting on 120 min chart.
According to a possible variant of the wave counting marking zigzag xii forming is almost completed with its legs almost equal, alternation guidelines for zigzags were followed (see p. 140 of my book). The fact that a wave pattern is completed supposes that the trend will change on this wave degree.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27362_3795.gif
Figure 6. Wave counting on 480 min chart.
Downtrend is still valid. Yesterday's price fall confirmed the alternate variant of the wave counting (see Daily-020707). A zigzag with almost equal legs which followed alternation guidelines for zigzags (see p.140 of my book) has formed.
In addition to the completed wave construction of supposed zigzag (d) the price has reached the area of the projected values (see Annual-07(2) and Monthly-0707). It increases chances that supposed wave (e) of the triangle will form.
In order the forming horizontal pattern remained a triangle the price should not fall below the critical level (1.1993).
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 3, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Horizontal correction is forming within the frames of the new stage of the major USD weakening (see FOREX Forecast for the 2nd Half of 2007).
2) On July 9, 2007 (next Monday) no daily wave analysis will be released.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27378_3812.gif
Figure 1. Wave counting on 480 min chart.
Global uptrend is still valid. In this case we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
I expect wave or completion to be confirmed.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27378_3813.gif
Figure 2. Wave counting on 480 min chart.
Global uptrend is still valid. In this case we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
I expect wave or completion to be confirmed.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27378_3814.gif
Figure 3. Wave counting on 480 min chart.
As the nearest local movement for the European currencies is expected in favor of USD strengthening JPY may follow it.
I expect wave xii completion to be confirmed.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27378_3815.gif
Figure 4. Wave counting on 480 min chart.
Global downtrend is still valid. Currently we observe forming of some horizontal correction Annual-07(2) ]. To remain a triangle the price should not fall below the critical level at 1.1993 or rise above 1.2466.
I expect wave (d) of completion 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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible Weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 4, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Currently horizontal correction is forming (see FOREX Forecast for the 2nd Half of 2007) while the global dollar weakening trend is still valid. Today BOE and ECB announce their interest rates decisions (at 15:00 and 15:45, Moscow time, correspondingly), that is why prices sharp fluctuations are possible in the market.
2) On July 9, 2007 (next Monday) no daily wave analysis will be released.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27389_3828.gif
Figure 1. Wave counting on 480 min chart.
Currently we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
I expect wave or completion to be confirmed.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27389_3829.gif
Figure 2. Wave counting on 480 min chart.
Currently we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
I expect wave or completion to be confirmed.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27389_3830.gif
Figure 3. Wave counting on 480 min chart.
As the nearest local movement for the European currencies is expected in favor of USD strengthening JPY may follow it.
I expect wave xii completion to be confirmed.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27389_3831.gif
Figure 4. Wave counting on 480 min chart.
Supposedly, currently some horizontal correction is forming Annual-07(2) ]. To remain a triangle the price should not fall below the critical level at 1.1993 or rise above 1.2466.
I expect wave (d) of completion 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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible Weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 5, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Yesterday the wave ending formed. It may be the starting point for the long-term USD strengthening for the European currencies FOREX Forecast for the 2nd Half of 2007].
2) On July 9, 2007 (next Monday) no daily wave analysis will be released.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27399_3847.gif
Figure 1. Wave counting on 480 min chart.
Currently we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
Supposedly, wave or forming is completed, downward wave or of XX forming has started.
http://www.alpari-forex.com/files/pic/docs/4/27399_3848.gif
Figure 2. Wave counting on the weekly chart.
According to scenario 2 the price has reached the projected area having formed zigzag of Y. If this variant is confirmed current ending of supposed wave (B) or (X) will be its critical level. Confirmatory levels are given in the chart.
According to the scenario simple zigzag of Y may transform into the double/triple zigzag, though it is hardly probable.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27399_3849.gif
Figure 3. Wave counting on 480 min chart.
Currently we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
Supposedly, wave or forming is completed, downward wave or of XX forming has started.
http://www.alpari-forex.com/files/pic/docs/4/27399_3850.gif
Figure 4. Wave counting on the weekly chart.
According to scenario 2 the price has reached the projected area having formed zigzag of Y. If this variant is confirmed current ending of supposed wave (B) or (X) will be its critical level. Confirmatory levels are given in the chart.
According to the scenario simple zigzag of Y may transform into the double/triple zigzag, though it is hardly probable.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27399_3851.gif
Figure 5. Wave counting on 480 min chart.
Supposedly, JPY has completed wave xii and it keeps forming upward wave xiii.
http://www.alpari-forex.com/files/pic/docs/4/27399_3852.gif
Figure 6. Wave counting on the weekly chart.
At the same time scenario v.1 may develop.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27399_3853.gif
Figure 7. Wave counting on 480 min chart.
Supposedly, currently some horizontal correction is forming Annual-07(2) ]. To remain a triangle the price should not fall below the critical level at 1.1993 or rise above 1.2466.
Supposedly, wave (d) of forming is completed, upward wave (e) of forming has started.
http://www.alpari-forex.com/files/pic/docs/4/27399_3854.gif
Figure 8. Wave counting on the weekly chart.
At the same time it may be scenario 2 Annual-07(2) ]. The price has reached the projected area having formed zigzag of Y. If this variant is confirmed current ending of supposed wave (B) or (X) will be its critical level. Confirmatory levels are given in the chart.
According to the scenario simple zigzag of Y may transform into the double/triple zigzag and horizontal triangle Y of (B) into the triple three, though it is hardly probable.
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible Weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 6, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
An extreme point was formed on July 5. It may be the starting point for the long-term USD strengthening for the European currencies FOREX Forecast for the 2nd Half of 2007]. At the same time it is not confirmed yet that current USD weakening has completed. That is the above mentioned extreme point may be adjusted many times.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27430_3895.gif
Figure 1. Wave counting on 480 min chart.
Currently we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
Supposedly, wave or forming is completed, though it is not confirmed yet.
http://www.alpari-forex.com/files/pic/docs/4/27430_3896.gif
Figure 2. Wave counting on the weekly chart.
According to scenario 2 the price has reached the projected area having formed zigzag of Y. If this variant is confirmed current ending of supposed wave (B) or (X) will be its critical level. Confirmatory levels are given in the chart.
Alternatively according to this scenario simple zigzag of Y may transform into the double/triple zigzag.
GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27430_3897.gif
Figure 3. Wave counting on 480 min chart.
Currently we observe either wave XX forming in the shape of some horizontal correction (this is the most preferable variant 3) or scenario 2 development Annual-07(2) ].
Supposedly, wave or forming is completed, though it is not confirmed yet.
http://www.alpari-forex.com/files/pic/docs/4/27430_3898.gif
Figure 4. Wave counting on the weekly chart.
According to scenario 2 the price has reached the projected area having formed zigzag of Y. If this variant is confirmed current ending of supposed wave (B) or (X) will be its critical level. Confirmatory levels are given in the chart.
Alternatively according to this scenario simple zigzag of Y may transform into the double/triple zigzag.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27430_3899.gif
Figure 5. Wave counting on 480 min chart.
Supposedly, JPY has completed wave xii and it keeps forming upward wave xiii.
http://www.alpari-forex.com/files/pic/docs/4/27430_3900.gif
Figure 6. Wave counting on the weekly chart.
At the same time scenario v.1 may come into force.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27430_3901.gif
Figure 7. Wave counting on 480 min chart.
Supposedly, currently some horizontal correction is forming Annual-07(2) ]. To remain a triangle the price should not fall below the critical level at 1.1993 or rise above 1.2466.
Supposedly, wave (d) of forming is completed, though it is not confirmed yet.
http://www.alpari-forex.com/files/pic/docs/4/27430_3902.gif
Figure 8. Wave counting on the weekly chart.
At the same time it may be scenario 2 Annual-07(2) ]. The price has reached the projected area having formed zigzag of Y. If this variant is confirmed current ending of supposed wave (B) or (X) will be its critical level. Confirmatory levels are given in the chart.
Alternatively according to this scenario simple zigzag of Y may transform into the double/triple zigzag and horizontal triangle Y of (B) into the triple three.
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)CAD Possible Weakening till the Mid of 2009 (USD/CAD) Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007) [*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 6, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Yesterday's fear that the trend against the dollar is not completed has been justified as the dollar was losing its position against the pairs under consideration (see Daily-100707). Moreover, now we see an interesting wave picture, we are just in several steps from the moment of the preferable scenarios change and it depends only on the price which senario it will choose in the nearest future (see the details in the correspondent parts).
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27445_3916.gif
Figure 1. Wave counting on 480 min chart.
Supposed double zigzag or has not broken the optimum proportions for the main waves of correction XX and scenario v.3 is still valid. But the fact that the upward movement is impetuous allows us to treat it as an incomplete impulse, turning the balance in favor of scenario v.2 Annual-07(2) ].
In fact, if price transforms the last zigzag a-b-c of (y) of or into an impulse (for it several additional waves of Micro-1 degree are required), shift to scenario v.2 will be reasonable Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27445_3917.gif
Figure 2. Wave counting on 480 min chart.
Price may form such an impulse (a) of of Y in the nearest future. In this case chances of scenario v.2 will increase significantly Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27445_3918.gif
Figure 3. Wave counting on the weekly chart.
According to scenario v.2 the price has reached the projected area completing impulse (a) of of Y of (B). To confirm such a variant the price should complete zigzag (a)-(b)-(c) of of Y of (B) forming.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27445_3919.gif
Figure 4. Wave counting on 480 min chart.
Supposed double zigzag or of GBP has not broken the optimum proportions for the main waves of correction XX and scenario v.3 is still valid. But the fact that the upward movement is impetuous allows us to treat it as an incomplete impulse Annual-07(2) ].
In fact, if price transforms the last zigzag a-b-c of (y) of or into an impulse (for it several additional waves of Micro-1 degree are required), shift to scenario v.2 will be reasonable Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27445_3920.gif
Figure 5. Wave counting on 480 min chart.
Price may form such an impulse (a) of of Y in the nearest future. In this case chances of scenario v.2 will increase significantly Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27445_3921.gif
Figure 6. Wave counting on the weekly chart.
According to scenario v.2 the price has reached the projected area completing impulse (a) of of Y of (B). To confirm such a variant the price should complete zigzag (a)-(b)-(c) of of Y of (B) forming.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27445_3922.gif
Figure 7. Wave counting on 720 min chart.
Supposedly, JPY has almost completed wave xii. Though RSI has reached its resistance level, supposing that uptrend is possible in the nearest future, the price is too near the critical level, if the latter is broken the preferred scenario may change (given in the chart).
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 8 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27445_3923.gif
Figure 8. Wave counting on 480 min chart.
Supposed double zigzag (d) has not broken the critical level yet and scenario v.3 is still valid. The price may disturb the shape of the triangle. Moreover, the fact that the downward movement is impetuous allows us to treat it as an incomplete impulse (see the next picture).
In fact, if price transforms the last zigzag -- of y of (d) into an impulse (for it several additional waves of Micro-1 degree are required), shift to the alternate scenario will be reasonable (see the next picture).
http://www.alpari-forex.com/files/pic/docs/4/27445_3924.gif
Figure 9. Wave counting on 480 min chart.
Price may form such an impulse (a) of of Y in the nearest future. In this case chances of scenario v.3-alt will increase significantly (see the next picture).
http://www.alpari-forex.com/files/pic/docs/4/27445_3925.gif
Figure 10. Wave counting on the weekly chart.
According to scenario v.3 wave of Y of (B) may be assuming the shape of the double three rather than horizontal triangle as supposed before. By its external shape the double three is like the first waves of the contracting triangle (the so-called variant of the truncated triangle).
According to this alternate variant (let's call it v.3-alt because of slight differences from variant v.3) the price completes impulse (a) of of Y of (B) forming. Price should complete zigzag (a)-(b)-(c) of of Y of (B) forming to confirm this variant.
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 11, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Price of the European currencies did not change the direction of the trend yesterday. Supposedly, it has started correction forming, which signals that the dollar may keep falling. Moreover, CHF has broken the critical level, that is why the scenario of continuous horizontal correction becomes less probable. This increases chances of the scenarios considered yesterday. Thus, if the trend becomes valid and yesterday's supposition of impulse forming is confirmed (see Daily-110707) change of the preferred scenarios will be inevitable.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27458_3934.gif
Figure 1. Wave counting on 480 min chart.
Supposedly, upward impulse (a) of of Y is forming, several additional waves of Micro-1 level are required for its completion. In this case chances of scenario v.2 will increase significantly Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27458_3935.gif
Figure 2. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27458_3936.gif
Figure 3. Wave counting on 480 min chart.
Just like EUR GBP may be forming upward impulse (a) of of Y, several additional waves of Micro-1 level are required for its completion. In this case chances of scenario v.2 will increase significantly Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27458_3937.gif
Figure 4. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27458_3938.gif
Figure 5. Wave counting on 720 min chart.
RSI method did not fail us yesterday (see Daily-110707) — price rebounded upwards, it did not break the critical level. Though the wave pattern and direction of other dollar pairs supposes that downward movement may continue in the shape of the zigzag structure according to scenario v.1 Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27458_3939.gif
Figure 6. Wave counting on 120 min chart.
If the supposition is correct downward impulse c of (w) is not completed yet, in spite of the fact that correction of c of (w) is unusually deep for the fourth waves.
http://www.alpari-forex.com/files/pic/docs/4/27458_3940.gif
Figure 7. Wave counting on the weekly chart.
If price does not break the critical level at 115.14 then it is more probable that for further movement it has chosen scenario v.1.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 8 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27458_3941.gif
Figure 8. Wave counting on 480 min chart.
Downward impulse (a) of of Y may be forming, several additional waves of Micro-1 level are required for its completion. Yesterday price has broken the critical level at 1.1993, the scenario with the horizontal triangle becomes doubtful. This increases chances of scenario v.3-alt Daily-110707 and Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27458_3942.gif
Figure 9. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 12, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Price is forming correction which signals that the dollar may keep falling. Moreover, CHF has broken the critical level, that is why the scenario of continuous horizontal correction becomes less probable. This increases chances of the considered scenarios (see Daily-110707).
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27472_3952.gif
Figure 1. Wave counting on 480 min chart.
Supposedly, upward impulse (a) of of Y is forming, several additional waves of Micro-1 level are required for its completion. In this case chances of scenario v.2 will increase significantly Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27472_3953.gif
Figure 2. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27472_3954.gif
Figure 3. Wave counting on 480 min chart.
Just like EUR GBP may be forming upward impulse (a) of of Y, several additional waves of Micro-1 level are required for its completion. In this case chances of scenario v.2 will increase significantly Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27472_3955.gif
Figure 4. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27472_3956.gif
Figure 5. Wave counting on 720 min chart.
Judging by the wave structure and direction of other dollar pairs downward movement may continue in the zigzag mode in accordance with scenario v.1 Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27472_3957.gif
Figure 6. Wave counting on 120 min chart.
If the supposition is correct downward impulse c of (w) is not completed yet, in spite of the fact that correction of c of (w) is unusually deep for the fourth waves.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27472_3958.gif
Figure 7. Wave counting on 480 min chart.
Downward impulse (a) of of Y may be forming, several additional waves of Micro-1 level are required for its completion. Yesterday price has broken the critical level at 1.1993, the scenario with the horizontal triangle becomes doubtful. This increases chances of scenario v.3-alt Daily-110707 and Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27472_3959.gif
Figure 8. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 13, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Supposedly, for the European currencies local USD falling in the shape of the impulse (a) is almost completed, it may be the first leg of the final zigzag (a)-(b)-(c) Annual-07(2) ]. If the supposition is correct correction in the shape of the tricky wave (b) of this zigzag may be in store for us till the end of July .
2) Daily wave analysis won't be released from July 23 till August 12 as I will be on vocation.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27494_3982.gif
Figure 1. Wave counting on 480 min chart.
Supposedly, upward impulse (a) of of Y is forming, completion of the last wave of Micro-1 level is required for its ending.
http://www.alpari-forex.com/files/pic/docs/4/27494_3983.gif
Figure 2. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27494_3984.gif
Figure 3. Wave counting on 480 min chart.
Just like EUR GBP may be forming upward impulse (a) of of Y, completion of the last wave of Micro-1 level is required for its ending.
http://www.alpari-forex.com/files/pic/docs/4/27494_3985.gif
Figure 4. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27494_3986.gif
Figure 5. Wave counting on 720 min chart.
Judging by the wave structure and direction of other dollar pairs USD/JPY nearest fall is possible in the shape of the zigzag structure in accordance with scenario v.1 Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/4/27494_3987.gif
Figure 6. Wave counting on 120 min chart.
If the supposition is correct downward impulse c of (w) is not completed yet, in spite of the fact that correction of c of (w) is unusually deep for the fourth waves.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27494_3988.gif
Figure 7. Wave counting on 480 min chart.
Downward impulse (a) of of Y may be forming, completion of the last wave of Micro-1 level is required for its ending.
http://www.alpari-forex.com/files/pic/docs/4/27494_3989.gif
Figure 8. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 16, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Supposedly, for the European currencies local USD falling in the shape of the impulse (a) is almost completed, it may be the first leg of the final zigzag Annual-07(2) ]. If the supposition is correct correction in the shape of the tricky wave (b) of the zigzag may be in store for us till the end of July.
2) Daily wave analysis won't be released from July 23 till August 12 as I will be on vocation.
1. EUR/USDFor EUR survey wave counting refer to Annual-07(2) and Monthly-0707. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/5/27500_4001.gif
Figure 1. Wave counting on 480 min chart.
Supposedly, upward impulse (a) of of Y is forming, completion of the last wave of Micro-1 level is required for its ending.
http://www.alpari-forex.com/files/pic/docs/5/27500_4002.gif
Figure 2. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/5/27500_4003.gif
Figure 3. Wave counting on 480 min chart.
Just like EUR GBP may be forming upward impulse (a) of of Y, completion of the last wave of Micro-1 level is required for its ending.
http://www.alpari-forex.com/files/pic/docs/5/27500_4004.gif
Figure 4. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/5/27500_4005.gif
Figure 5. Wave counting on 720 min chart.
Judging by the wave structure and direction of other dollar pairs USD/JPY nearest fall is possible in the shape of the zigzag structure in accordance with scenario v.1 Annual-07(2) ].
http://www.alpari-forex.com/files/pic/docs/5/27500_4006.gif
Figure 6. Wave counting on 120 min chart.
If the supposition is correct downward impulse c of (w) is not completed yet, in spite of the fact that correction of c of (w) is unusually deep for the fourth waves.
4. USD/CHFFor survey wave counting of this currency refer to Annual-07(2) and Monthly-0707. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/5/27500_4007.gif
Figure 7. Wave counting on 480 min chart.
Downward impulse (a) of of Y may be forming, completion of the last wave of Micro-1 level is required for its ending.
http://www.alpari-forex.com/files/pic/docs/5/27500_4008.gif
Figure 8. Wave counting on 120 min chart.
According to a possible variant of the wave counting of supposed impulse (a) current weakening of the dollar is not completed yet.
5. USD/CADIn article Possible CAD Weakening till the Mid of 2009 (USD/CAD) three possible variants of USD/CAD downtrend completion were considered. Supposedly the price has chosen the alternate scenario, considered in details in this article. In accordance with this scenario global impulse is almost completed. Great chances of this scenario were based on the wave structure, waves correlation and impetuous price fall.
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Figure 9. Wave counting on the daily chart.
Impulse may be almost completed. The basis of this supposition is shown on the next chart.
http://www.alpari-forex.com/files/pic/docs/5/27500_4010.gif
Figure 10. Wave counting on 240 min chart.
May be wave 5 (or wave of 3 of the possible alternate variant) has assumed the shape of the diagonal triangle with the longest first wave of 5. If the supposition is correct it provides us with the limit level at 1.0394 which should not be broken by the price (wave should not be the shortest one). Otherwise, the current wave counting will be adjusted.
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[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives[*]Nearest Projections of GBP/JPY (+EUR/JPY)[*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for July 2007[*]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.comJuly 17, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory