Introduction
Survey wave picture of the currencies under consideration remained the same (refer to Daily Wave Analysis, January 19. 2006). The state of dynamical equilibrium is still valid, thus numerous possible wave counting variants appear on small time frames.
Though this state can not last too long and soon one of almost equally possible scenarios, main or alternate, is supposed to be confirmed.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
http://www.alpari-forex.com/files/0601/060120075824.gif
Figure 1. Wave counting on 120M chart.
Two possible variants of wave counting are shown in Figure 1. Wave c or iii may reach 262% point near strong resistance at 1.3200.
In case the alternate variant is confirmed, final wave c may be relatively short.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
http://www.alpari-forex.com/files/0601/060120075909.gif
Figure 2. Wave counting on 120M chart.
Two possible variants of wave counting are shown in Figure 2. Wave c or iii may reach 262% point near strong resistance at 1.1800.
In case the alternate variant is confirmed, final wave c may be relatively short.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
http://www.alpari-forex.com/files/0601/060120080005.gif
Figure 3. Wave counting on 120M chart.
Several possible variants of wave counting are shown in Figure 3. Wave iii may reach 262% point near strong resistance at 1.7200.
In case the alternate variant is confirmed, final wave c may be relatively short.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
http://www.alpari-forex.com/files/0601/060120080050.gif
Figure 4 . Wave counting on 120M chart.
Several possible variants of wave counting are shown in Figure 4.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 20, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Price confirmed the alternate scenario for European currencies (refer to Daily Wave Analysis, January 19. 2006 and Daily Wave Analysis, January 19. 2006).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternative variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060123062915.gif
Figure 1. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan wave is supposed to complete, trend upward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060123063013.gif
Figure 2. Wave counting on 120M chart.
Impulse (c) is expected to complete soon.
In the short-term plan impulse c is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060123063126.gif
Figure 3. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan wave is supposed to complete, trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060123063211.gif
Figure 4. Wave counting on 120M chart.
Impulse (c) is expected to complete soon.
In the short-term plan impulse c is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060123063255.gif
Figure 5. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan wave is supposed to complete, trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060123063335.gif
Figure 6. Wave counting on 120M chart.
Impulse (c) is expected to complete soon.
In the short-term plan impulse (c) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060123063424.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060123063514.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Impulse (c) is expected to complete soon.
In the short-term plan supposed wave (ii) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 23, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
European currencies formed zigzag a-b-c with quite good correlation of legs ~ 0.618. Wave structure of its final impulse c also suggests that this zigzag is completed.
Though it is not confirmed yet. That is why there are at least two possible alternate variants – 1) to get ready for another short final price thrust against the dollar or 2) the pattern, marked as impulse c, may turn out to be just its first sub-wave of c.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060124060028.gif
Figure 1. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend upward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060124060114.gif
Figure 2. Wave counting on 120M chart.
Impulse c is almost completed.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060124060159.gif
Figure 3. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060124060239.gif
Figure 4. Wave counting on 120M chart.
Impulse c is almost completed.
In the short-term plan impulse c completion is expected to be confirmed. Downtrend is supposed to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060124060347.gif
Figure 5. Wave counting on 480M chart.
Wave is assuming the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060124060444.gif
Figure 6. Wave counting on 120M chart.
Impulse c is almost completed.
In the short-term plan impulse c completion is expected to be confirmed. Downtrend is expected to begin. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060124060543.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060124060623.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8.
In the short-term plan supposed wave (ii) completion is expected to be confirmed. Upward movement is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 24, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060125063200.gif
Figure 1. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend upward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060125063315.gif
Figure 2. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of uptrend are forming. Wave c ending is the critical level for this scenario.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060125063411.gif
Figure 3. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060125063457.gif
Figure 4. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060125063541.gif
Figure 5. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060125063624.gif
Figure 6. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060125063710.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of an uptrend are supposed to be forming. Waves X and endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060125063803.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. First waves of uptrend are supposed to be forming. Endings of wave and of the second waves of the consequence 1-2, 1-2 are the critical levels for this scenario.
In the short-term plan supposed wave (ii) completion is expected to be confirmed. Upward movement is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking (in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 25, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
European currencies slowly form expected reversal ending. But still it is not clear whether wave of supposed double zigzag Y is completed or not.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060126090042.gif
Figure 1. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price rise above wave c beginning will confirm this scenario.
In the mid-term plan trend upward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060126090123.gif
Figure 2. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of uptrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c will keep forming.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060126090210.gif
Figure 3. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060126090300.gif
Figure 4. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060126090344.gif
Figure 5. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060126090424.gif
Figure 6. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060126090506.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of uptrend are supposed to be forming. Waves X and (ii)? endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060126090554.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. First waves of uptrend are supposed to be forming. Wave ending is the critical level for this scenario.
In the short-term plan supposed wave (iii) is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 26, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Current situation on each described currency can be defined as “Robert Balan's 100% barrier” (refer to Daily Wave Analysis, January 13, 2006). It can be observed on the Minute Wave Degree for JPY ((iii) = (i)), and below Subminuette for European currencies ( = ).
In case price breaks 110% level, supposition that impulse structure will keep forming in favor of the dollar will be confirmed. Otherwise one of the alternate variants will become valid.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0106
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, January, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060127073258.gif
Figure 1. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price rise above wave c beginning will confirm this scenario.
In the mid-term plan trend upward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060127073340.gif
Figure 2. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of uptrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c will keep forming.
In the short-term plan impulse c completion is expected to be confirmed, uptrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to MONTHLY Wave Analysis, 0106. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060127073421.gif
Figure 3. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060127073502.gif
Figure 4. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060127073543.gif
Figure 5. Wave counting on 480M chart.
Wave is supposed to have assumed the shape of the double zigzag. Wave X ending is the critical level for this scenario. Price decline below wave c beginning will confirm this scenario.
In the mid-term plan trend downward reverse is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060127073636.gif
Figure 6. Wave counting on 120M chart.
Impulse c is supposed to be completed. First waves of downtrend are forming. Wave c ending is the critical level for this scenario. In case price breaks the critical level, wave c may keep forming.
In the short-term plan impulse c completion is expected to be confirmed, downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to MONTHLY Wave Analysis, 0106. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060127073722.gif
Figure 7 . Wave counting on 480M chart.
Wave assumed the shape of the simple zigzag. First waves of uptrend are supposed to be forming. Waves X and (ii)? endings are the critical levels for this scenario. The alternate variant is shown in the lower part of the chart.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060127073812.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Endings of wave and second sub-waves are the critical levels for this scenario.
In the short-term plan supposed wave (iii) is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0106[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 27, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Rissian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060130072431.gif
Figure 1. Wave counting on 480M chart.
Wave ending is the critical level for this scenario. This scenario may be also confirmed by price rise above wave c beginning.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060130072512.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2.
In the short-term plan uptrend is expected to continue after natural rebound. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060130072553.gif
Figure 3. Wave counting on 480M chart.
Wave ending is the critical level for this scenario. This scenario may be also confirmed by price decline below wave c beginning.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060130072637.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4.
In the short-term plan downtrend is expected to continue after natural rebound. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Rissian). Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060130072719.gif
Figure 5. Wave counting on 480M chart.
Wave ending is the critical level for this scenario. This scenario may be also confirmed by price decline below wave c beginning.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060130072759.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6.
In the short-term plan downtrend is expected to continue after natural rebound. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060130072842.gif
Figure 7 . Wave counting on 480M chart.
Wave (ii) ending is the critical level for this scenario. The alternate variant is in gray color.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060130072923.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8.
In the short-term plan uptrend is expected to continue after natural rebound. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206 (in Russian)[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 30, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Rissian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0601/060131082646.gif
Figure 1. Wave counting on 480M chart.
To form the band of the expected price movement three data points are required. Currently on the chosen chart only one such point is completely formed, wave ending, which marks the critical level.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0601/060131082726.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band is forming.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060131082810.gif
Figure 3. Wave counting on 480M chart.
Three data points are required to form the band of the expected price movement. Currently on the chosen chart only one such point is completely formed, wave ending, which marks the critical level.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0601/060131082852.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band is forming.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Rissian). Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060131082932.gif
Figure 5. Wave counting on 480M chart.
Three data points are required to form the band of the expected price movement. Currently on the chosen chart only one such point is completely formed, wave ending, which marks the critical level.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0601/060131083013.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band is forming.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0601/060131083106.gif
Figure 7 . Wave counting on 480M chart.
Wave (ii) ending is the critical level for this scenario. The alternate variant is in gray color.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0601/060131083250.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Upward impulse band is forming.
In the short-term plan uptrend is expected to continue after natural rebound. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206 (in Russian)[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comJanuary 31, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Yesterday I mentioned that only one data point, required to forecast further price movement, was formed (refer to Daily Wave Analysis, January 31, 2006). Within the last twenty-four hours required data points were formed for European currencies. The reason is my supposition that wave ii is completed and this wave depth, which corresponds to Fibo levels.
In case this supposition is correct, the third impulse wave in favor of the dollar may be expected on the described currency pairs. It is the most profitable wave in the classical impulse. The distance even to Robert Balan's 100% barrier (when wave iii = ~ wave i) is 2.5-3 figures.
The risk is that wave ii may be not completed yet. In this case 2-3 attempts to open positions with short stops (below the critical levels) are probable. Moreover, alternate variants are still possible.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060201075239.gif
Figure 1. Wave counting on 480M chart.
Price fixing above the upper edge of wave band will be additional confirmation of the main scenario. Wave ending is still the critical level.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060201075322.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band is forming. Wave ii is supposed to be completed already, its ending marks new critical level.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060201075447.gif
Figure 3. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will be additional confirmation of the main scenario. Wave ending is still the critical level.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060201075530.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band is forming. Wave ii is supposed to be completed already, its ending marks new critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Rissian). Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060201075624.gif
Figure 5. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will be additional confirmation of the main scenario. Wave ending is still the critical level.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060201075707.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band is forming. Wave ii is supposed to be completed already, its ending marks new critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060201075753.gif
Figure 7 . Wave counting on 480M chart.
Wave (ii) ending is the critical level for this scenario. The alternate variant is in gray color.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060201075834.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Upward impulse band is forming. Wave ii is supposed to be completed already, its ending marks new critical level.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206 (in Russian)[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 1, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
EUR and CHF approached the edge of the band of supposed wave , RSI did not manage to break its resistance level, having formed divergence with the price (Figures 1 and 3 below). Thus one of the alternate variants may be confirmed in the nearest future.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206 (in Russian)
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060202092537.gif
Figure 1. Wave counting on 480M chart.
Price fixing above the upper edge of wave band will be additional confirmation of the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan uptrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060202092618.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band is forming. Wave ii ending is still the critical level.
In the short-term plan uptrend is expected to continue. Wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060202092702.gif
Figure 3. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will be additional confirmation of the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060202092745.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band is forming. Wave ii ending is still the critical level.
In the short-term plan downtrend is expected to continue. Wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Rissian). Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060202092826.gif
Figure 5. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will be additional confirmation of the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060202092916.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band is forming. Wave ii is supposed to be completed already, its ending marks new critical level.
In the short-term plan downtrend is expected to continue. Wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006 (in Russian). Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060202092957.gif
Figure 7 . Wave counting on 480M chart.
Wave (ii) ending is the critical level for this scenario. The alternate variant is in gray color.
In the mid-term plan uptrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060202093038.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Upward impulse band is forming. Wave ii is supposed to be completed already, its ending marks new critical level.
In the short-term plan uptrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206 (in Russian)[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 2, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
One of the alternate variants still may be confirmed (refer to the Introduction of Daily Wave Analysis, February 2, 2006).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060203073420.gif
Figure 1. Wave counting on 480M chart.
Price fixing above the upper edge of wave band will be additional confirmation of the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan uptrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060203073501.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band is forming. Wave ii ending (and wave ending once it is completed) is still the critical level.
In the short-term plan uptrend is expected to continue. Wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060203073618.gif
Figure 3. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will be additional confirmation of the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060203073702.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band is forming. Wave ii ending ( and wave ending once it is completed) is still the critical level.
In the short-term plan downtrend is expected to continue. Wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060203073746.gif
Figure 5. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will be additional confirmation of the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060203073858.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band is supposed to be forming. Wave ii ending (and wave ending once it is completed) is still the critical level.
In the short-term plan downtrend is expected to continue. Wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060203073939.gif
Figure 7 . Wave counting on 480M chart.
Wave (ii) ending is the critical level for this scenario. The alternate variant is in gray color.
In the mid-term plan uptrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060203074021.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Upward impulse band is forming. Wave ii is supposed to be completed already, its ending marks new critical level.
In the short-term plan uptrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 3, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
In this article another probable scenario and further price movement forecast, which pretend to become the main one, are described, previous variant (refer to Daily Wave Analysis, February 3, 2006) still may be confirmed.
RSI resistance level and its divergence with price additionally confirm this new scenario with price at the trend line for EUR and CHF (refer to Figures 1 and 3 below).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060206082306.gif
Figure 1. Wave counting on 480M chart.
According to this scenario wave (a) is supposed to be assuming the shape of the wedge with extended first wave. Wave ending is still the critical level.
In the mid-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060206082352.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Wave v may finish with truncated fifth ( of v).
Wave ending is still the critical level. Moreover, wave v should not be longer than wave iii, otherwise I will return to the previous scenario (refer to Daily Wave Analysis, February 3, 2006).
In the short-term plan wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060206082436.gif
Figure 3. Wave counting on 480M chart.
According to this scenario wave (a) is supposed to be assuming the shape of the wedge with extended first wave. Wave ending is still the critical level.
In the mid-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060206082518.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Wave v may finish with truncated fifth ( of v).
Wave ending is still the critical level. Moreover, wave v should not be longer than wave iii, otherwise I will return to the previous scenario (refer to Daily Wave Analysis, February 3, 2006).
In the short-term plan wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060206082558.gif
Figure 5. Wave counting on 480M chart.
According to this scenario wave (a) is supposed to have assumed the shape of the wedge and wave (b) is forming in the shape of the flat or triangle. Wave ending is still the relative critical level.
In the mid-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060206082642.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Wave ending is still the relative critical level. In case price keeps dropping, I will return to the previous variant (refer to Daily Wave Analysis, February 3, 2006).
In the short-term plan wave picture is expected to become more clear. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060206082727.gif
Figure 7 . Wave counting on 480M chart.
Wave (iii) of impulse is supposed to be almost completed. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave (iv) is expected to start forming. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060206082808.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave v may finish with truncated fifth ( of v). Waves (i), (ii) and endings are the critical levels for this scenario.
In the short-term plan wave (iii) is expected to be completed and wave (iv) is expected to start forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 6, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060207084234.gif
Figure 1. Wave counting on 480M chart.
Price fixing above the upper edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060207084315.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band is forming. Wave ii ending is still the critical level.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060207084359.gif
Figure 3. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060207084447.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band is forming. Wave ii ending is still the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060207084529.gif
Figure 5. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060207084610.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band is forming. Wave ii ending is still the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060207084656.gif
Figure 7 . Wave counting on 480M chart.
Wave (iii) of impulse is supposed to be almost completed. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave (iii) is expected to complete, wave (iv) is supposed to begin its forming. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060207084739.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Waves (i), (ii) and endings are the critical levels for this scenario.
In the short-term plan wave (iii) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 7, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
The fact that waves and in the supposed impulse iii of EUR and CHF are almost equal (refer to Figures 1...4 below) makes me think that its final wave of iii may be forming in the shape of the extension.
In this case correlation of waves iii and i of these currencies may correspond to 1.618 Fibo.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060208075356.gif
Figure 1. Wave counting on 480M chart.
Price fixing above the upper edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060208075447.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band is forming. Wave is assuming the shape of the horizontal triangle. Wave ii ending is still the critical level.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060208075541.gif
Figure 3. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060208075628.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band is forming. Wave is assuming the shape of the horizontal triangle. Wave ii ending is still the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060208075714.gif
Figure 5. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060208075800.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band is forming. Wave ii ending is still the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060208075842.gif
Figure 7. Wave counting on 480M chart.
Wave (iii) is supposed to be not completed yet, it may reach 262% mark. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060208075923.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave iv assumed the shape of the zigzag. Waves (i), (ii) and endings are the critical levels for this scenario.
In the short-term plan wave (iii) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 8, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060209073715.gif
Figure 1. Wave counting on 480M chart.
Price fixing above the upper edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
The fact that waves and in the supposed impulse iii are almost equal makes me think that its final wave of iii may be forming in the shape of the extension. In this case correlation of waves iii and i may correspond to 1.618 Fibo.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060209073758.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band and supposed wave are forming. Wave ii ending is still the critical level.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060209073841.gif
Figure 3. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
The fact that waves and in the supposed impulse iii are almost equal makes me think that its final wave of iii may be forming in the shape of the extension. In this case correlation of waves iii and i may correspond to 1.618 Fibo.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060209073929.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band and supposed wave are forming. Wave ii ending is still the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060209074021.gif
Figure 5. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060209074110.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band and supposed wave are forming. Wave ii ending is still the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060209074200.gif
Figure 7. Wave counting on 480M chart.
Wave (iii) is supposed to be not completed yet, it may reach 262% mark. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060209074245.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave iv assumed the shape of zigzag. Waves (i), (ii) and endings are the critical levels for this scenario.
In the short-term plan wave (iii) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 9, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060210073459.gif
Figure 1. Wave counting on 480M chart.
Price fixing above the upper edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
The fact that waves and in the supposed impulse iii are almost equal makes me think that its final wave of iii may be forming in the shape of the extension. In this case correlation of waves iii and *i* may correspond to 1.618 Fibo.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060210073548.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Upward impulse band and supposed wave are forming. Wave ii ending is still the critical level, before impulse iii is completed wave ending will be the critical level.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060210073630.gif
Figure 3. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
The fact that waves and in the supposed impulse iii are almost equal makes me think that its final wave of iii may be forming in the shape of the extension. In this case correlation of waves iii and *i* may correspond to 1.618 Fibo.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060210073712.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Downward impulse band and supposed wave are forming. Wave ii ending is still the critical level, before impulse iii is completed wave ending will be the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060210073753.gif
Figure 5. Wave counting on 480M chart.
Price fixing below the lower edge of wave band will additionally confirm the main scenario. Waves and ii endings are still the critical levels.
In the mid-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060210073836.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Downward impulse band and supposed wave are forming. Wave ii ending is still the critical level, before impulse iii is completed wave ending will be the critical level.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060210073921.gif
Figure 7. Wave counting on 480M chart.
Wave (iii) is supposed to be not completed yet, it may reach 262% mark. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060210074002.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave iv assumed the shape of zigzag. Waves (i), (ii) and endings are the critical levels for this scenario, before impulse (iii) is completed wave iv ending will be the critical level.
In the short-term plan wave (iii) is expected to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 10, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060213073313.gif
Figure 1. Wave counting on 480M chart.
Upward impulse (a) is supposed to be completed, though there is no signal confirming it. Possible variants of its further development are shown in Figure 1. Wave ending is still the critical level.
Final wave v of (a) may be formed in the shape of the extension as waves iii and i are almost equal.
In the mid-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060213073358.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. As wave iii turned out to be shorter than wave i, extreme value for wave wave v is equal to 1.3221. Wave v may complete at 1.3210 by R. Balan's Fifth Measurement Method.
In the short-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060213073440.gif
Figure 3. Wave counting on 480M chart.
Downward impulse (a) is supposed to be completed, though there is no signal confirming it. Possible variants of its further development are shown in Figure 3. Wave ending is still the critical level.
Final wave v of (a) may be formed in the shape of the extension as waves iii and i are almost equal.
In the mid-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060213073520.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Wave v may complete at 1.1777 by R. Balan's Fifth Measurement Method.
In the short-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060213073603.gif
Figure 5. Wave counting on 480M chart.
Supposedly, there are several final waves left for downward impulse (a) to be completed. Possible variants of its further movement are shown in Figure 5. Wave ending is still the critical level. Price fixing below the lower edge of wave band will additionally confirm the main scenario.
In the mid-term plan downtrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060213073645.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. In case waves v and i are equal, wave (a) may complete at 1.73.
In the short-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060213073726.gif
Figure 7. Wave counting on 480M chart.
The depth of the current correction signifies that wave (iii) is completed. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave is expected to keep forming. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060213073809.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave iv (or its part) assumed the shape of zigzag. Waves (i), (ii) and endings are the critical levels for this scenario.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 13, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Corrective wave structure (supposed wave ) after yesterday's extremum (the ending of supposed wave ) confirms the main scenario. In case this extremum is broken by price the main scenario will be additionally conformed. The alternate variants still may become valid.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060214091331.gif
Figure 1. Wave counting on 480M chart.
Upward impulse (a) is supposed to be completed, though there is no signal confirming it. Possible variants of its further development are shown in Figure 1. Wave ending is still the critical level.
Final wave v of (a) may be formed in the shape of the extension as waves iii and i are almost equal.
In the mid-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060214091411.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. As wave iii turned out to be shorter than wave i, extreme value for wave wave v is equal to 1.3221. Wave v may complete at 1.3210 by R. Balan's Fifth Measurement Method.
Before wave v is completed, wave iv ending is an additional critical level.
In the short-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060214091453.gif
Figure 3. Wave counting on 480M chart.
Downward impulse (a) is supposed to be completed, though there is no signal confirming it. Possible variants of its further development are shown in Figure 3. Wave ending is still the critical level.
Final wave v of (a) may be formed in the shape of the extension as waves iii and i are almost equal.
In the mid-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060214091533.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Wave v may complete at 1.1777 by R. Balan's Fifth Measurement Method.
Before wave v is completed, wave iv ending is an additional critical level.
In the short-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060214091615.gif
Figure 5. Wave counting on 480M chart.
Supposedly, there are several final waves left for downward impulse (a) to be completed. Possible variants of its further movement are shown in Figure 5. Wave ending is still the critical level. Price fixing below the lower edge of wave band will additionally confirm the main scenario.
In the mid-term plan downtrend is expected to continue. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060214091659.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. In case waves v and i are equal, wave (a) may complete at 1.73.
Before wave v is completed, wave iv ending is an additional critical level.
In the short-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060214091742.gif
Figure 7. Wave counting on 480M chart.
The depth of the current correction signifies that wave (iii) is completed. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave is expected to keep forming. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060214091822.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave iv (or its part) assumed the shape of zigzag. Waves (i), (ii) and endings are the critical levels for this scenario.
Before wave (v) is completed, wave (iv)? ending is an additional critical level.
In the short-term plan wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 14, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
In Monthly Wave Analysis, February, 2006 schematic forecast of prices movement was given for the next two months. Now reversal points projections may be specified due to the data of the previous two weeks.
First wave (a) of the final zigzag in favor of the dollar is supposed to be completed. In case the supposition is correct, quite tricky corrective wave (b) may be expected before March 9.
Though impulse (a) completion is not confirmed yet. Thus its forming may continue (refer to the alternate variants).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060215074354.gif
Figure 1. Wave counting on 480M chart.
Upward impulse (a) is supposed to be completed, though there is no signal confirming it. The alternate variant is shown in the upper part of the chart.
Possible variant of wave (b) development is shown in Figure 1. It may keep forming till March 9. Wave ending is still the critical level.
In the mid-term plan wave (a) completion is expected to be confirmed, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060215074442.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Supposedly, wave a of (b) may keep forming till February 21. Wave (a) ending is the critical level.
In the short-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060215074535.gif
Figure 3. Wave counting on 480M chart.
Downward impulse (a) is supposed to be completed, though there is no signal confirming it. The alternate variant is shown in the lower part of the chart.
Possible variant of wave (b) forming is shown in Figure 3. It may keep forming till March 9. Wave ending is still the critical level.
In the mid-term plan wave (a) completion is expected to be confirmed. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060215074626.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Supposedly, wave a of (b) may keep forming till February 21. Wave (a) ending is the critical level.
In the short-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060215074715.gif
Figure 5. Wave counting on 480M chart.
Downward impulse (a) is supposed to be completed, though there is no signal confirming it. The alternate variant is shown in the lower part of the chart.
Possible variant of wave (b) forming is shown in Figure 5. It may keep forming till March 9. Wave ending is still the critical level.
In the mid-term plan wave (a) completion is expected to be confirmed. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060215074804.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Supposedly, wave a of (b) may keep forming till February 21. Wave (a) ending is the critical level.
In the short-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060215074907.gif
Figure 7. Wave counting on 480M chart.
The depth of the current correction and forecasts of the European currencies further movement signify in favor of wave (iv) continuous forming, it may last up to February 22. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave(iv) is expected to keep forming. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060215074955.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave (iv) is supposed to be assuming the shape of the extended correction. Waves (i), (ii) and endings are the critical levels for this scenario.
In the short-term plan wave (iv) is expected to keep forming, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
* Possible Perspectives of the Main Currency Pairs According to EWA (in Russian) [*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 15, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
Tricky character of wave (b) was already mentioned in yesterday's Daily Wave Analysis, February 15, 2006. Wave iv is also slippery, that is why current situation on the market assumes that the alternate variant may become valid. Refer to Figure intr1 for wave counting draft for USD/CHF.
http://www.alpari-forex.com/files/0602/060216082334.gif
Figure intr1. Wave counting on 30M chart.
For additional alternate variants refer to Possible Alternate Variants (in addition to Daily Wave Analysis at 11:30 (Moscow time), February 16, 2006) .
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]Annual-06[*]Monthly-0206
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
http://www.alpari-forex.com/files/0602/060216082452.gif
Figure 1. Wave counting on 480M chart.
Upward impulse (a) is supposed to be completed, though there is no signal confirming it. The alternate variant is shown in the upper part of the chart.
Possible variant of wave (b) development is shown in Figure 1. It may keep forming till March 9. Wave ending is still the critical level.
In the mid-term plan wave (a) completion is expected to be confirmed, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
http://www.alpari-forex.com/files/0602/060216082535.gif
Figure 2. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 2. Supposedly, wave a of (b) may keep forming till February 21. Wave (a) ending is the critical level for the numeric counting.
In the short-term plan downtrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, February, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060216082620.gif
Figure 3. Wave counting on 480M chart.
Downward impulse (a) is supposed to be completed, though there is no signal confirming it. The alternate variant is shown in the lower part of the chart.
Possible variant of wave (b) forming is shown in Figure 3. It may keep forming till March 9. Wave ending is still the critical level.
In the mid-term plan wave (a) completion is expected to be confirmed. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
http://www.alpari-forex.com/files/0602/060216082710.gif
Figure 4. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 4. Supposedly, wave a of (b) may keep forming till February 21. Wave (a) ending is the critical level for the numeric counting.
In the short-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 5 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060216082802.gif
Figure 5. Wave counting on 480M chart.
Downward impulse (a) is supposed to be completed, though there is no signal confirming it. The alternate variant is shown in the lower part of the chart.
Possible variant of wave (b) forming is shown in Figure 5. It may keep forming till March 9. Wave ending is still the critical level.
In the mid-term plan wave (a) completion is expected to be confirmed. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
http://www.alpari-forex.com/files/0602/060216082852.gif
Figure 6. Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 6. Supposedly, wave a of (b) may keep forming till February 21. Wave (a) ending is the critical level.
In the short-term plan uptrend is expected to continue. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, February, 2006. Refer to Figure 7 for the wave counting draft of this currency on the 480M chart.
http://www.alpari-forex.com/files/0602/060216082949.gif
Figure 7. Wave counting on 480M chart.
The depth of the current correction and forecasts of the European currencies further movement signify in favor of wave (iv) continuous forming, it may last up to February 22. Waves (i), (ii) and endings are the critical levels for this scenario. The alternate variant is in gray color.
In the mid-term plan wave(iv) is expected to keep forming. Wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
http://www.alpari-forex.com/files/0602/060216083043.gif
Figure 8 . Wave counting on 120M chart.
One of possible variants of wave counting is shown in Figure 8. Wave (iv) is supposed to be assuming the shape of the extended correction. Waves (i), (ii) and endings are the critical levels for this scenario.
In the short-term plan wave (iv) is expected to keep forming, wave picture is expected to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Possible Perspectives of the Main Currency Pairs According to EWA (in Russian)[*]Possible Variants of Correction Development until March, 2006 (in Russian)[*]Imaginary Skewer[*]Key Levels, Which Open New Targets (in Russian)[*]Depth of the Current Retracement will specify further price movement (in Russian)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, 0206[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comFebruary 16, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
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