Introduction
So far the price is treading water turning the wave structure of the last days into a correction this increasing the chances of the alternate scenarios considered in Daily-130508.
Moreover the probable synchronism of the projected price movements in the framework of the alternate scenarios and similar expected movement in the pair USD/CAD insistently make me bring these scenarios to the forefront.
If this is the case the local strengthening of the US dollar is expected until the end of the week .
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30538_9280.gif
Figure 1. Wave counting on 480 min chart. Variant 3, alternate.
It isn’t ruled out that the supposed double three w-x-y of (iv) isn’t completed yet and the local strengthening of the US dollar is expected until the end of the week (the decline of EUR/USD) . 2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30538_9281.gif
Figure 2. Wave counting on 480 min chart, the alternate variant .
It isn’t ruled out that the supposed double zigzag (w)-(x)-(y) of of 4 isn’t completed and the local strengthening of the US dollar is expected until the end of the week (the decline GBP/USD) .
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30538_9282.gif
Figure 3. Wave counting on 480 min chart. Variant 3, alternate.
The triple zigzag (W)-(Y)-(Y)-(XX)-(Z) of may be forming and the local strengthening of the US dollar is expected until the end of the week (the rise of USD/JPY) .
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30538_9283.gif
Figure 4. Wave counting on 480 min chart. Variant 3, alternate.
It isn’t ruled out that the supposed zigzag a-b-c of (iv) isn’t completed and the local strengthening of the US dollar is expected until the end of the week (the rise of USD/CHF) .
5. USD/CADAt the end of April it was supposed that a new stage of strengthening of the Canadian dollar against the US dollar had started in March (refer to the article One of the possible scenarios for USD/CAD).
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Figure 5. Wave counting on 180 min chart.
A wish to find the optimal counting of the construction that has been developing since the beginning of April has led to the variant given in the Figure.
The fourth wave of the supposed wedge can be easily presented in the form of a double three the intermediate waves of which are expanded flats (-- of b of (x) of and a-b-c of (x) of ). The complexity of this knot confirms indirectly that this is the fourth wave.
Besides the depth of the corrective waves and corresponds to guidelines for wedges (refer to page 186 of my book), which is an additional argument in the favor of my variant.
In this case the ending wave of wedge 1 turns to be a diagonal triangle — a most singular phenomenon! Let me quote remarks from pages 186-187 of my book:
«Remark. Theoretically the fifth wave of the edge may be a diagonal triangle, but I haven’t come across such a case on the Forex market. Moreover some foreign authors deny such a possibility though without cause.»
If the supposition is confirmed this case will take its place in the bank of rare patterns.
As the third wave (iii) of turned to be shorter that the first wave (i) of , the critical level for the diagonal triangle of 1 is 0.9929 mark.
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Figure 6. Wave counting on 360 min chart.
If the supposition about forming a downward wedge (or the wave sequence 1-2, 1-2) is true the local strengthening of the US dollar is expected until the end of the week (the rise of USD/CAD) .
If the price breaks the upper critical level at 1.0324 forming of the corrective wave (2) should be expected.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 19, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
Supposedly the local strengthening of the US dollar has started thus increasing the chances of the alternate scenarios. Probable synchronism of the projected price movements in the framework of the alternate scenarios and similar expected movement in the pair USD/CAD insistently make me bring these scenarios to the forefront.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30550_9303.gif
Figure 1. Wave counting on 480 min chart. Variant 3, alternate.
Supposedly the double three w-x-y of (iv) is completing while wave y of (iv) is assuming the shape of a double zigzag. In this case the local strengthening of the US dollar is expected until the end of the week (the decline of EUR/USD).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30550_9304.gif
Figure 2. Wave counting on 480 min chart, the alternate variant.
Supposedly the double zigzag (w)-(x)-(y) of of 4 is completing. In this case the local strengthening of the US dollar is expected until the end of the week (the decline of GBP/USD).
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30550_9305.gif
Figure 3. Wave counting on 480 min chart. Variant 3, alternate.
Supposedly the triple zigzag (W)-(Y)-(Y)-(XX)-(Z) of is forming and the local strengthening of the US dollar is expected until the end of the week (the rise of USD/JPY).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30550_9306.gif
Figure 4. Wave counting on 480 min chart. Variant 3, alternate.
Supposedly zigzag a-b-c of (iv) is completing. In this case the local strengthening of the US dollar is expected until the end of the week (the rise of USD/CHF).
5. USD/CADAt the end of April it was supposed that a new stage of strengthening of the Canadian dollar against the US dollar had started in March (refer to the article One of the possible scenarios for USD/CAD).
http://www.alpari-forex.com/files/pic/docs/10/30550_9307.gif
Figure 5. Wave counting on 180 min chart.
Yestrerday’s price decline below 0.9929 makes me modify the counting of the ending diagonal triangle , leaving the core of the general wave counting intact..
Taking into consideration the fact that the third wave of the wedge of 1 is shorter than its first wave of 1, and the third wave of the diagonal triangle (iii) of is shorter than its first wave (i) of , the critical levels for these patterns were determined. They coincided in a remarkable manner and the critical level 0.9889 is the last defense line for this scenario. Besides if the wedge pattern is confirmed it will be a unique wedge with the ending wave in the form of a diagonal triangle (refer to Remark at page 186 of my book).
At the moment the price has approached closely the critical level but the fact that the price touched the lower forming line of the wedge 1 gives good chances that the price will bounce up in the nearest term. If the supposition about forming of a downward wedge (or the wave sequence 1-2, 1-2 in case of a deep break of 0.9889 level) is true, the local strengthening of the US dollar is expected until the end of the week (the rise of USD/CAD).
If the price breaks the upper critical level at 1.0324, further forming of the corrective wave (2) should be expected.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 20, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
Yesterday the price almost built up an impulse directed against the US dollar (refer to 120 min charts below). This impulse changes radically the wave counting for all the currency pairs under consideration— now sections of the charts for the last two weeks can be presented not in the form of a correction but in the form of an impulse structure for example in the form of the wave sequence 1-2, 1-2.
If the supposition is true (and it as always requires its confirmation), the expected synchronism of the currencies in the local strengthening of the US dollar remains but this price movement will be of a corrective mode. Moreover after the supposed short-term correction we may expect the most profitable mid-term price movement against the US dollar known among wave analysts as «the third in the third».
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30563_9320.gif
Figure 1. Wave counting on 120 min chart. Variant 3.
One of the variants of counting of a perspective picture of the arising upward price movement which requires its confirmation.
http://www.alpari-forex.com/files/pic/docs/10/30563_9321.gif
Figure 2. Wave counting on 480 min chart. Variant 3.
If the supposition is confirmed the price rise may be rather impressive.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30563_9322.gif
Figure 3. Wave counting on 120 min chart.
One of the variants of counting of a perspective picture of the arising upward price movement which requires its confirmation.
http://www.alpari-forex.com/files/pic/docs/10/30563_9323.gif
Figure 4. Wave counting on 480 min chart.
If the supposition is confirmed the price rise may be rather impressive.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 5 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30563_9324.gif
Figure 5. Wave counting on 120 min chart. Variant 3.
One of the variants of counting of a perspective picture of the arising downward price movement which requires its confirmation.
http://www.alpari-forex.com/files/pic/docs/10/30563_9325.gif
Figure 6. Wave counting on 480 min chart. Variant 3.
If the supposition is confirmed the price decline may be rather impressive.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 7 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30563_9326.gif
Figure 7. Wave counting on 120 min chart. Variant 3.
One of the variants of counting of a perspective picture of the arising downward price movement which requires its confirmation.
http://www.alpari-forex.com/files/pic/docs/10/30563_9327.gif
Figure 8. Wave counting on 480 min chart. Variant 3.
If the supposition is confirmed the price decline may be rather impressive.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 21, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
1) Another phase of the weakening of the US dollar is gaining momentum.
2) By the weekend I’m going to finish an article about JPY cross pairs (EUR/JPY, GBP/JPY). The wave analysis and forecast were implemented using methods of mathematical modeling and somewhat unusual result requires additional checking.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30566_9333.gif
Figure 1. Wave counting on 480 min chart. Variant 3.
Supposedly the upward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30566_9334.gif
Figure 2. Wave counting on 120 min chart. Variant 3.
Supposedly wave of iii of (v) has assumed the shape of a wedge with an extension in the fifth wave (5) of of iii. This fact confirms indirectly expectations of a powerful price rise. On of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction of iii.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30566_9335.gif
Figure 3. Wave counting on 480 min chart.
Supposedly the upward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30566_9336.gif
Figure 4. Wave counting on 120 min chart.
On of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction of iii.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30566_9337.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the downward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30566_9338.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
On of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction (ii) of .
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30566_9339.gif
Figure 7. Wave counting on 480 min chart. Variant 3.
Supposedly the downward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30566_9340.gif
Figure 8. Wave counting on 120 min chart. Variant 3.
Supposedly wave of iii of (v) has assumed the shape of a wedge with an extension in the fifth wave (5) of of iii. This fact confirms indirectly expectations of a powerful price decline. One of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction of iii.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
1) Another phase of the weakening of the US dollar is gaining momentum.
2) By the weekend I’m going to finish an article about JPY cross pairs (EUR/JPY, GBP/JPY). The wave analysis and forecast were implemented using methods of mathematical modeling and somewhat unusual result requires additional checking.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30579_9358.gif
Figure 1. Wave counting on 480 min chart. Variant 3.
Supposedly the upward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of a rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30579_9359.gif
Figure 2. Wave counting on 120 min chart. Variant 3.
Supposedly wave of iii of (v) has assumed the shape of a wedge with an extension in the fifth wave (5) of of iii. This fact confirms indirectly expectations of a powerful price rise. On of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction of iii.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30579_9360.gif
Figure 3. Wave counting on 480 min chart.
Supposedly the upward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of a rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30579_9361.gif
Figure 4. Wave counting on 120 min chart.
On of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction of iii.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30579_9362.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the downward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of a rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30579_9363.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
On of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction (ii) of .
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30579_9364.gif
Figure 7. Wave counting on 480 min chart. Variant 3.
Supposedly the downward wave sequence 1-2, 1-2 is forming. If this is the case the foundation of a rather powerful price movement is laid.
http://www.alpari-forex.com/files/pic/docs/10/30579_9365.gif
Figure 8. Wave counting on 120 min chart. Variant 3.
Supposedly wave of iii of (v) has assumed the shape of a wedge with an extension in the fifth wave (5) of of iii. This fact confirms indirectly expectations of a powerful price decline. One of the possible variants of counting of this section of the chart doesn’t rule out the nearest beginning of correction of iii.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 23, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
1) Another phase of the weakening of the US dollar is gaining momentum. But as the U.S. and UK financial markets are closed Monday for public holidays trading on the Forex market is expected to be quite.
2) I divided the article about EUR/JPY and GBP/JPY into two parts because of its large volume:
Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY) и
Variety of variants for GBP/JPY .
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30598_9399.gif
Figure 1. Wave counting on 480 min chart. Variant 3.
Supposedly upward impulse (v) is forming.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30598_9400.gif
Figure 2. Wave counting on 480 min chart.
Supposedly upward impulse (a) of is forming.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30598_9401.gif
Figure 3. Wave counting on 480 min chart. Variant 3.
Supposedly downward wave sequence 1-2, 1-2 is forming.
But as the price is reluctant to break over the confirmatory levels we may interpret the horizontal construction in the green rectangle as a possible corrective wave. In this case further development of upward wave 4 isn’t ruled out.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30598_9402.gif
Figure 4. Wave counting on 480 min chart. Variant 3.
Supposedly downward impulse (v) is 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 26, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
Another phase of the weakening of the US dollar continues.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30608_9418.gif
Figure 1. Wave counting on 480 min chart. Variant 3.
Supposedly upward impulse (v) is forming.
http://www.alpari-forex.com/files/pic/docs/10/30608_9419.gif
Figure 2. Wave counting on 120 min chart. Variant 3.
According to a possible variant of counting of this section of the chart further forming of wave iii of (v) isn’t ruled out.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30608_9420.gif
Figure 3. Wave counting on 480 min chart.
Supposedly upward impulse (a) of is forming.
http://www.alpari-forex.com/files/pic/docs/10/30608_9421.gif
Figure 4. Wave counting on 120 min chart. Variant 3.
According to a possible variant of counting further forming of wave iii of (a) isn’t ruled out.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30608_9422.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly downward wave sequence 1-2, 1-2 is forming.
But as the price is reluctant to break over the confirmatory levels the horizontal construction in the green rectangle can be interpreted as a possible corrective wave. In this case further development of upward wave 4 isn’t ruled out.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30608_9423.gif
Figure 6. Wave counting on 480 min chart. Variant 3.
Supposedly downward impulse (v) is forming.
http://www.alpari-forex.com/files/pic/docs/10/30608_9424.gif
Figure 7. Wave counting on 120 min chart. Variant 3.
According to a possible variant of counting further forming of wave iii of (v) isn’t ruled out.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 27, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
1) Another phase of the weakening of the US dollar continues.
2) Today a video clip of Jim Martens, the leading specialist in FOREX, about his counting on the daily chart of EUR/USD of May 9, 2008 has been placed at the website Elliott Wave International .
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Figure v.1. Wave counting of EUR/USD made in EWI on May 9, 2008
The video is called « Prepare for a Surprising U. S. Dollar Decline (Released May 09, 2008)» [«Prepare for a Surprising U. S. Dollar Decline (Released May 09, 2008)»].
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Figure v.2 Wave counting of EUR/USD made by me on May 3, 2008
In spite of the fact that I cancelled my subscription for receiving materials from EWI many years ago Jim’s counting coincided fully with my variant released on May 3, 2008 in Monthly-0508. I’m sincerely glad as the opinion of respected experts from EWI is an additional argument in the favor of the scenario accepted by me.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3.
Supposedly upward impulse (v) is forming.
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Figure 2. Wave counting on 120 min chart. Variant 3.
According to a possible variant of counting further forming of wave iii of (v) isn’t ruled out. A shoot up of the price is needed for its completion. It gives good chances for opening long positions.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart.
Supposedly upward impulse (a) of is developing.
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Figure 5. Wave counting on 120 min chart.
According to a possible variant of counting further forming of wave iii of (a) isn’t ruled out. A shoot up of the price is needed for its completion. It gives good chances for opening long positions.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly downward wave sequence 1-2, 1-2 is forming.
But as the price is reluctant to break the confirmatory levels we may interpret the horizontal construction in the green rectangle as a possible corrective wave. In this case further forming of upward wave 4 isn’t ruled out.
Using in the case the classical technical analysis we will have to guess, where the price will move — up or down (refer to the article Horizontal triangle — is it a reversal or a continuation pattern? (EUR/JPY)).
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Figure 6. Wave counting on 120 min chart. Variant 3.
If we take into consideration the wave analysis of this section of the chart the down trend is preferred as a pair of downward impulse waves (impulse and wedge (i)) has formed, while upward waves are of corrective nature. This supposition requires its confirmation but gives good chances for opening short positions.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart. Variant 3.
Supposedly downward impulse (v) is forming.
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Figure 8. Wave counting on 120 min chart. Variant 3.
According to a possible variant of counting further forming of wave iii of (v) isn’t ruled out. A shoot down of the price is needed for its completion. It gives good chances for opening short positions.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 28, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
Another phase of the weakening of the US dollar continues.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3.
Supposedly upward impulse (v) is forming.
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Figure 2. Wave counting on 120 min chart. Variant 3.
According to a possible variant of counting of this section of the chart further forming of wave iii of (v) is possible though relative proportions of the waves don’t rule out the alternate scenario at the top of the chart.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart.
Supposedly upward impulse (a) of is developing.
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Figure 4. Wave counting on 120 min chart.
According to a possible variant of counting of this section of the chart further forming of wave iii of (a) isn’t ruled out. The final shoot up of the price is needed for its completion.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly downward wave sequence 1-2, 1-2 is forming.
But as the price is reluctant to break over the confirmatory levels we may consider the horizontal construction in the green rectangle as a possible corrective wave. In this case a shift to the scenario v.3-dt, considered in Monthly-0508 (refer to Figure 6, below) isn’t ruled out.
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Figure 6. Wave counting on 480 min chart. Variant 3-3-dt.
A minor regrouping of waves may give advantage to the developing horizontal correction that corresponds to the scenario v.3-dt (refer to Figure Y3 in Monthly-0508).
Whatever the case but the nearest expected price movement at least in the short term is downward.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart. Variant 3.
Supposedly downward impulse (v) is developing.
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Figure 8. Wave counting on 120 min chart. Variant 3.
According to a possible variants of counting of this section of the chart further forming of wave iii of (v) is possible though relative proportions of waves don’t rule out the alternate scenario at the bottom of the chart.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 29, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
The dollar is reluctant to give ground. In the framework of the preferred scenario there remain only a pair of possible variants that will be considered in this article. The other variants will be considered in the forecast for June 2008 at the weekend.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0508. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3.
Supposedly upward impulse (v) is developing.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0508. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
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Figure 2. Wave counting on 480 min chart.
Supposedly upward impulse (a) of is developing.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0508. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3.
The price broke the upper critical level but variant v.3 isn’t cancelled yet as the price entered the territory of wave 1 of (3) insignificantly and it is allowable for marginal markets.
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Figure 4. Wave counting on 480 min chart. Variant 3.
At the same time scenario v.3-dt gains weight, and in case of the further price rise it will come to the forefront.
We have to expect the confirmation of this or that variant.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0508. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly downward impulse (v) is developing.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, May 2008 [*]EUR/USD, Monthly Wave Analysis, May 2008 [*]GBP/USD, Monthly Wave Analysis, May 2008 [*]USD/JPY, Monthly Wave Analysis, May 2008 [*]USD/CHF, Monthly Wave Analysis, May 2008 [*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMay 30, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
In the near future the price will have to choose in what direction to move, thus confirming one of the variants considered in Monthly -0608.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3.
Wave (v) may be assuming the shape of a diagonal triangle. But so far the variant with the development of upward waves 1-2, 1-2 of decreasing degrees (the alternate at the top of the chart) isn’t ruled out. We have to expect the confirmation or disproof of this supposition.
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Figure 2. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the impulsive direction of the downward movement of the last days scenario v.3-a is preferred at the present. Downward zigzag 4 is forming in its framework.
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Figure 3. Wave counting on 120 min chart. Variant 3-a.
If the supposition of zigzag 4 is true it isn’t ruled out that wave (i) of its leg is completing.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart..
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Figure 4. Wave counting on 480 min chart. Variant 3.
Impulse (a) of may be completed. In this case we should expect in the near future the development of upward wave (c) of in the form of an impulse or diagonal triangle. We have to expect the confirmation or disproof of this supposition.
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Figure 5. Wave counting on 480 min chart. Variant 3-a.
But taking into consideration the supposed price movement of the other dollar pairs scenario v.3-a is preferred at the present. Downward diagonal triangle of 4 is forming in its framework.
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Figure 6. Wave counting on 120 min chart. Variant 3-a.
If the supposition of the diagonal triangle of 4 is true it isn’t ruled out that wave of a of (v) of of 4 has assumed the shape of a wedge while wave of a of (v) of of 4 is completed.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart..
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Figure 7. Wave counting on 480 min chart. Variant 3.
The price broke the upper critical level but scenario v.3 isn’t cancelled as the price entered the territory of wave 1 of (3) insignificantly and it is permissible for marginal markets.
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Figure 8. Wave counting on 480 min chart. Variant 3-dt.
Taking into consideration the impulsive direction of the upward movement of the last days scenario v.3-dt is preferred at the moment. Upward double zigzag is forming in its framework.
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Figure 9. Wave counting on 120 min chart. Variant 3-dt.
If the supposition of the double zigzag is true wave C of (Y) of may assume the shape of an impulse or a diagonal triangle.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 10 for the wave counting draft of this currency on 480 min chart..
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Figure 10. Wave counting on 480 min chart. Variant 3.
Wave (v) may be assuming the shape of a diagonal triangle. But so far scenario supposing the development of downward waves 1-2, 1-2 of decreasing degrees (the alternate at the bottom of the chart) isn’t ruled out. We have to expect the confirmation of disproof of this supposition.
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Figure 11. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the impulsive direction of the upward movement of the last days scenario v.3-a is preferred at the moment. Upward double zigzag 4 is forming in its framework.
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If the supposition of double zigzag 4 is true it isn’t ruled out that wave (a) of its zigzag of 4 is completing.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 2, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
In the near future the price will have to choose in what direction to move, thus confirming one of the variants considered in Monthly-0608. So far scenario v.3-a is slightly preferred.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the impulsive direction of the downward movement of the last days scenario v.3-a is preferred at the moment. In its frameworks downward zigzag 4 is forming.
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Figure 2. Wave counting on 120 min chart. Variant 3-a.
If the supposition of zigzag 4 is true it isn’t ruled out that wave (ii) of its leg is completing. We have to expect the confirmation or disproof of this supposition.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the supposed price movement of the other dollar pairs at the moment scenario v.3-a is preferred. In its framework downward diagonal triangle of 4 is forming.
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Figure 4. Wave counting on 120 min chart. Variant 3-a.
If the supposition of diagonal triangle of 4 is true it isn’t ruled out that wave of a of (v) of of 4 has assumed the shape of a wedge and now wave of a of (v) of of 4 is developing.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 3-dt.
Taking into consideration the impulsive direction of the upward movement of the last days at the moment scenario v.3-dt is preferred. In its framework upward zigzag is forming.
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Figure 6. Wave counting on 120 min chart. Variant 3-dt.
If the supposition of double zigzag is true wave C of (Y) of may assume the shape of an impulse or a diagonal triangle. It isn’t ruled out that wave of impulse C is completing.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the impulsive direction of the upward movement of the last day at the moment scenario v.3-a is preferred. In its framework upward double zigzag 4 is forming.
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Figure 8. Wave counting on 120 min chart. Variant 3-a.
If the supposition of double zigzag 4 is true it isn’t ruled out that wave (b) of its zigzag of 4 is completing.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 3, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
In the near future the price will have to choose in what direction to move, thus confirming one of the variants considered in Monthly-0608. So far scenario v.3-a is slightly preferred.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3.
Upward wave (v) may be assuming the shape of a diagonal triangle. We have to expect the confirmation or disproof of this supposition.
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Figure 2. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the impulsive direction of the downward movement of the last days at the moment scenario v.3-a is preferred. In its framework downward zigzag 4 is forming.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3.
The development of upward wave (c) of in the form of an impulse or a diagonal triangle isn’t ruled out in the near future. We have to expect the confirmation or disproof of this supposition.
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Figure 4. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the supposed price movement of the other dollar pairs at the moment scenario v.3-a is preferred. In its framework downward diagonal triangle of 4 is forming.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 3.
The price is in the territory of wave 1 of (3), but variant v.3 isn’t cancelled as the penetration of the price is insignificant and permissible for marginal markets. We have to expect the confirmation or disproof of this supposition.
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Figure 6. Wave counting on 480 min chart. Variant 3-dt.
Taking into consideration the impulsive direction of the upward movement of the last days at the present scenario v.3-dt is preferred. In its framework upward double zigzag is forming.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart. Variant 3.
Perhaps wave (v) is assuming the shape of a diagonal triangle. But so far the variant with the development of downward waves 1-2, 1-2 of decreasing levels (the alternated at the bottom of the chart) isn’t ruled out. We have to expect the confirmation or disproof of this supposition.
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Figure 8. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the impulsive direction of the upward movement of the last days at the moment scenario v.3-a is preferred. In its framework upward double zigzag 4 is 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 4, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
In the near future the price will have to choose in what direction to move, thus confirming one of the variants considered in Monthly-0608.
Yesterday only the pair GBP/USD showed relative activity. The other currency pairs under consideration were treading water. Perhaps they are waiting for the results of the ECB and the Bank of England monetary policy meetings and ECB President Jean-Claude Trichet's accompanying comments (today at 15:00, 15:45 and 16:30 Moscow, correspondingly).
In spite of slight preference given to the alternate variants v.3-a at the moment such treading of water of the price shifts stresses in the favor of the main variants v.3 and forms the wave counting, that doesn’t rule out the beginning of a new stage of the US dollar weakening in the near term.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3.
Upward wave (v) may be assuming the shape of a diagonal triangle or wave four (iv) may be assuming the shape of a triple three. We have to expect the confirmation or disproof of this supposition.
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Figure 2. Wave counting on 480 min chart. Variant 3-a.
The wave counting allows the completion of the supposed wave 4 in the form of a truncated zigzag that doesn’t rule out the beginning of a new stage of the dollar’s weakening in the near term (the rise of EUR/USD).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30692_9599.gif
Figure 3. Wave counting on 480 min chart. Variant 3.
It isn’t ruled out that the beginning of upward wave (c) of in the form of an impulse or a diagonal triangle should be expected in the near term. We have to expect the confirmation or disproof of the supposition.
http://www.alpari-forex.com/files/pic/docs/10/30692_9600.gif
Figure 4. Wave counting on 480 min chart. Variant 3-a.
Taking into consideration the supposed price movement of other dollar pairs at the present scenario v.3-a is preferred. In its framework downward diagonal triangle of 4 is forming.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30692_9601.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
The price is in the territory of wave 1 of (3), but variant v.3 isn’t cancelled yet as the penetration of the price is insignificant and permissible for marginal markets. We have to expect the confirmation or disproof of this supposition.
http://www.alpari-forex.com/files/pic/docs/10/30692_9602.gif
Figure 6. Wave counting on 480 min chart. Variant 3-dt.
Scenario v.3-dt is more optimal from the point of view of the correlation of waves. The wave counting of this scenario also doesn’t rule out the beginning of a new stage of the dollar’s weakening in the near term (the decline of USD/JPY).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30692_9603.gif
Figure 7. Wave counting on 480 min chart. Variant 3.
Wave (v) may be assuming the shape of a diagonal triangle. But so far the variant with the development of downward waves 1-2, 1-2 of decreasing degrees (the alternate at the bottom of the chart) isn’t ruled out. We have to expect the confirmation or disproof of this supposition.
http://www.alpari-forex.com/files/pic/docs/10/30692_9604.gif
Figure 8. Wave counting on 480 min chart. Variant 3-a.
The wave counting doesn’t rule out the completion of the supposed wave 4 in the form of a double three with a horizontal triangle or a short zigzag at the end, i.e. it doesn’t rule out the beginning of a new stage of the dollar’s weakening in the near term (the decline of USD/CHF).
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 5, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
At the moment the wave counting is against the US dollar (refer to Figures below). If the supposition is confirmed a new stage of the weakening of the US dollar may begin in the near term.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30700_9621.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
The whole construction that has been forming since March can be easily presented in the form of an extended correction (refer to section 3.8 of my book).
http://www.alpari-forex.com/files/pic/docs/10/30700_9622.gif
Figure 2. Wave counting on the daily chart. Variant 3-a.
Its sizes corresponds to the supposed wave four 4 of a large upward impulse. If the supposition is true the price rise in the form of an impulse or a diagonal triangle (wave 5) should be expected in the near term. We have to expect the confirmation or disproof of this supposition.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/10/30700_9623.gif
Figure 3. Wave counting on the daily chart. Variant 3-a.
Perhaps the price won’t have enough strength to complete the second leg of the supposed zigzag 4 in the form of a full diagonal triangle (wave of 4). In this case a diagonal triangle with a truncated fifth (v) of of 4 may form or the variant with the horizontal triangle may be confirmed (refer to Figure 4, below).
http://www.alpari-forex.com/files/pic/docs/10/30700_9624.gif
Figure 4. Wave counting on the daily chart. Variant 3.
In both cases it isn’t ruled out that in the near term the beginning of upward wave 5 in the form of an impulse or a diagonal triangle should be expected. We have to expect the confirmation or disproof of this supposition.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30700_9625.gif
Figure 5. Wave counting on 480 min chart. Variant 3-dt.
It isn’t ruled out that upward correction in the form of a double zigzag is completing.
http://www.alpari-forex.com/files/pic/docs/10/30700_9626.gif
Figure 6. Wave counting on the daily chart. Variant 3-dt.
If the supposition is true the price decline in the form of a zigzag (wave ) is expected in the near term.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30700_9627.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
The wave counting doesn’t rule out the completion of the supposed wave 4 in the form of a double three with a horizontal triangle at the end.
http://www.alpari-forex.com/files/pic/docs/10/30700_9628.gif
Figure 8. Wave counting on the daily chart. Variant 3-a.
If the supposition is true the price decline in the form of an impulse or a diagonal triangle (wave 5) is expected in the near term. We have to expect the confirmation or disproof of this supposition.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 6, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
The price has marked the beginning of the movement against the US dollar. But at the moment it is impossible to say unambiguously whether this is the beginning of a new stage of the weakening of the dollar or a part of correction. We have to expect the confirmation of one of these variants.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30716_9643.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
The whole construction that has been forming since march can be easily presented in the form of an extended correction (refer to section 3.8 of my book). At the same time it isn't ruled out that wave of 4 continues forming.
http://www.alpari-forex.com/files/pic/docs/10/30716_9644.gif
Figure 2. Wave counting on the daily chart. Variant 3-a.
The price rise in the form of an impulse or a diagonal triangle isn't ruled out (wave 5). We have to expect the confirmation or disproof of the supposition.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/10/30716_9645.gif
Figure 3. Wave counting on the daily chart. Variant 3-a.
Perhaps the price won’t have enough strength to complete the second leg of the supposed zigzag 4 in the form of a full diagonal triangle (wave of 4). In this case either a diagonal triangle with a truncated fifth (v) of of 4 may form , or the variant with a horizontal triangle may be confirmed (refer to Figure 4, below).
http://www.alpari-forex.com/files/pic/docs/10/30716_9646.gif
Figure 4. Wave counting on the daily chart. Variant 3.
In both cases the beginning of upward wave 5 in the form if an impulse or a diagonal triangle isn’t ruled out. We have to expect the confirmation or disproof of this suppositions.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30716_9647.gif
Figure 5. Wave counting on 480 min chart. Variant 3-dt.
The completion of upward correction in the form of a double zigzag isn’t ruled out.
http://www.alpari-forex.com/files/pic/docs/10/30716_9648.gif
Figure 6. Wave counting on the daily chart. Variant 3-dt.
If the supposition is true the price decline in a zigzag mode is expected (wave ).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30716_9649.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
A sequence of three intercrossing downward impulses has formed in the Swiss franc. It is quite natural to suppose the development of downward wedge of 5.
http://www.alpari-forex.com/files/pic/docs/10/30716_9650.gif
Figure 8. Wave counting on the daily chart. Variant 3-a.
If the supposition of wedge of 5 is true after correction of 5 one should expect considerable price decline in the form of an impulse. We have to expect the confirmation or disproof of this supposition.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 9, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
Yesterday EUR/USD, GBP/USD and JPY/USD were forming the expected correction loosing their grounds and strengthening the US dollar. At the same time the pair USD/JPY formed an attack against the dollar having strengthened its positions. The mixed movement of the currency pairs under consideration may give more surprises.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30730_9658.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
The whole construction that has been forming since March can be easily presented in the form of a completed extended correction (refer to section 3.8 of my book). At the same time further forming of wave of 4 isn’t ruled out.
http://www.alpari-forex.com/files/pic/docs/10/30730_9659.gif
Figure 2. Wave counting on 120 min chart. Variant 3-a.
Supposedly corrective wave , that may assume the shape of a zigzag is forming.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart chart.
http://www.alpari-forex.com/files/pic/docs/10/30730_9660.gif
Figure 3. Wave counting on 480 min chart. Variant 3.
Supposedly wave of 5 is formed. Correction to a Fibonacci level will confirm this supposition.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30730_9661.gif
Figure 4. Wave counting on 480 min chart. Variant 3--dt.
Yesterday the price formed a shoot up thus having underlined that corrective wave isn’t completed yet.
http://www.alpari-forex.com/files/pic/docs/10/30730_9662.gif
Figure 5. Wave counting on 120 min chart. Variant 3-dt.
The wave structure of the supposed wave of C also doesn’t rule out further upward movement of the price.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30730_9663.gif
Figure 6. Wave counting on 480 min chart. Variant 3-a.
A sequence of three intercrossing downward impulses has formed in the Swiss franc. It is quite natural to suppose the development of downward wedge of 5. If the supposition of wedge of 5 is true after correction of 5 one should expect considerable price decline in the form of an impulse.
http://www.alpari-forex.com/files/pic/docs/10/30730_9664.gif
Figure 7. Wave counting on 120 min chart. Variant 3-a.
We have to wait for the completion of the corrective wave , which may assume the shape of a zigzag.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 10, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
Supposedly the local price movement in the favor of the dollar enters the closing stage.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30739_9672.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
The whole construction that has been forming since March can be easily presented in the form of a completed extended correction (refer to section 3.8 of my book). At the same time further forming of wave 4 isn’t ruled out.
http://www.alpari-forex.com/files/pic/docs/10/30739_9673.gif
Figure 2. Wave counting on 120 min chart. Variant 3-a.
Supposedly corrective wave , which is assuming the shape of a narrow zigzag, is forming. The sensitivity of this scenario is in fact that this zigzag can easily transform in a downward impulse. In this case the current wave counting will have to be reconsidered.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30739_9674.gif
Figure 3. Wave counting on 480 min chart. Variant 3.
Supposedly a deep correction , which has already reached the limit 78% mark, is forming. If price crosses the critical level it will mean further forming of wave 4 (refer to Figure below).
http://www.alpari-forex.com/files/pic/docs/10/30739_9675.gif
Figure 4. Wave counting on 480 min chart. Variant 3-a.
This scenario has been considered earlier and it isn’t cancelled yet.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 5 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30739_9676.gif
Figure 5. Wave counting on 120 min chart. Variant 3-dt.
The price is forming a shoot up, continuing the development of wave C. A pair of the closing touches are needed for its completion (under condition an extension doesn’t form).
http://www.alpari-forex.com/files/pic/docs/10/30739_9677.gif
Figure 6. Wave counting on the daily chart. Variant 3-dt.
In the area of the 108 mark there is a strong resistance level, where it is natural to expect the terminus of wave C of (Y) of 4. The price has entered the territory of wave of the supposed diagonal triangle which is an additional argument in the favor of this scenario.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30739_9678.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
If the supposition of wedge is true after correction of 5 we should expect a considerable price decline in the form of an impulse.
http://www.alpari-forex.com/files/pic/docs/10/30739_9679.gif
Figure 8. Wave counting on 120 min chart. Variant 3-a.
We have to wait for the completion of corrective wave , which is assuming the shape of a narrow zigzag.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 11, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
The local corrective price movement in the favor of the US dollar may complete this week. If the supposition is true the next week may be rather profitable as we may expect a powerful price movement against the dollar .
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30747_9694.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
Supposedly downward corrective wave of 5 is completing. If the supposition is true the next week will afford ground for long positions.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30747_9695.gif
Figure 2. Wave counting on 480 min chart. Variant 3.
Supposedly a deep correction of 5 is forming which has already reached the limit mark of 78%. If this is the case the next week will afford ground for long positions.
If the price crosses the critical level it will mean further forming of wave 4 (refer to Figure below).
http://www.alpari-forex.com/files/pic/docs/10/30747_9696.gif
Figure 3. Wave counting on 480 min chart. Variant 3-a.
This scenario has been considered earlier and isn’t cancelled yet.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 4 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30747_9697.gif
Figure 4. Wave counting on 480 min chart. Variant 3-a.
In the area of the 108 mark there is a strong resistance level where it is natural to expect the completion of wave C of (Y) of 4. If this is the case the next week will afford ground for short positions.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30747_9698.gif
Figure 5. Wave counting on 480 min chart. Variant 3-a.
Supposedly upward corrective wave of 5 is completing. If this is the case the next week will afford ground for short positions.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 12, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
In spite of the fact that today is Friday the 13-th no cataclysms are expected on the FX market. Supposedly the local corrective price movement in the favor of the US dollar is drawing to an end. If this is the case the next week may be rather profitable as a powerful price movement against the dollar may be expected.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0608. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30760_9725.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
Supposedly downward corrective wave of 5 is completing. But another somewhat different interpretation of this section of the chart is also possible (it is grey on the chart). If this is the case the next week will afford ground for long positions.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0608. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30760_9726.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
The price crossed the critical level for variant v.3, giving it no chances (refer to Daily-120608). But in the framework of scenario v.3-a diagonal triangle of 4 is close to its completion possibly with a truncated fifth. If this is the case the next week will afford ground for long positions.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0608. Refer to Figure 3 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30760_9727.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
In the area of the 108 mark there is a strong resistance level where it is natural to expect the completion of wave C of (Y) of 4. If this is the case the next week will afford ground for short positions.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0608. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/10/30760_9728.gif
Figure 4. Wave counting on 480 min chart. Variant 3-a.
Supposedly upward corrective wave of 5 is completing. If this is true the next week will afford ground for short positions.
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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, June 2008[*]EUR/USD, Monthly Wave Analysis, June 2008[*]GBP/USD, Monthly Wave Analysis, June 2008[*]USD/JPY, Monthly Wave Analysis, June 2008[*]USD/CHF, Monthly Wave Analysis, June 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]One of the possible scenarios for USD/CAD[*]Horizontal triangle — is it a reversal or continuation pattern? (EUR/JPY)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJune 13, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.