Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, November, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1106 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061121082409.gif
Figure 1. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the triple three. Ending of the second wave is the critical level.
In the mid-term perspective uptrend forming 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/0611/061121082515.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (x) is supposed to be completed. Uptrend may keep forming in the zigzag mode.
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
For EUR survey wave counting refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061121082602.gif
Figure 3. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the horizontal triangle. Ending of wave is the critical level.
In the mid-term perspective downtrend forming 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/0611/061121082647.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (x) is supposed to be completed. Downtrend may keep forming in the zigzag mode.
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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061121082731.gif
Figure 5. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the skewed triangle. Ending of wave is the critical level.
In the mid-term perspective downtrend forming 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/0611/061121082811.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Downtrend may keep forming in the zigzag mode.
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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061121082855.gif
Figure 7. Wave counting on 480 min chart.
Price has been fluctuating within the horizontal channel between 117.00-118.50 for more than a week, increasing possible variants of wave counting marking and not giving a univocal confirmation of uptrend beginning.
In the mid-term perspective uptrend is expected to form. 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/0611/061121082940.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. 118.50 barrier has not been broken yet.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, November 2006[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comNovember 21, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Announcement
1. In connection with preparation and holding of the third international exhibition ForexExpo-2006, release of Daily Wave Analysis will continue next week.
2. I am glad to tell you that on November 25, 2006 at 11:00 (Moscow time) at the third international exhibition ForexExpo-2006 my book Elliott's Code: Wave Analysis of the FOREX Market will be presented (refer to Schedule of Presentations and Master Classes). I will review my book there, but most of time will be devoted to consideration of the methods of market movements projections. Admission free.
Note. Time of the presentation beginning is better to be specified on Alpari's stand.
Here are some extracts from handouts:
http://www.alpari-forex.com/files/0611/061122075942.jpg
The book represents an expanded reference book on Elliott's Wave Principle (EWP) and its practical application in the Forex market. Not only the elements of wave construction and edifice of their labeling, but also the most complete catalogue of wave patterns with a full description of their features and characteristics are described in the book.
Besides well-known classical materials the catalogue of wave patterns includes: [*]new features and characteristics of already known patterns;[*]new varieties of corrective patterns;[*]new classification of corrective patterns not only by their inner wave structure but by their tasks as well.Special attention in the book is given to the most complicated group of patterns, extended corrections. Not only the difference in their features is described, but also their general unique characteristics are given for the first time in wave analysis.
The necessary set of instruments for a waver and main methods to project price movement and reversal points of the wave patterns are given in the book. Application of this set of aids in the real market is considered in details in practical examples.
True proportions of wave patterns are given in almost every chart of the book to demonstrate compliance of calculated waves correlation with real values. With this purpose author's system of waves proportion labeling is introduced, with the help of it one can get a clear image of a pattern inner waves correlation simultaneously by three main methods of calculations, given in the book.
In addition to the basic theoretical material on Elliott Wave Principal general List of rules and instructions for wave patterns is given. In the final part of the book under the title “Theory and Reality” possible exceptions to the rules of the wave patterning are given, that is the main wave abnormalities, which may be met in the real FOREX, are discussed.
The most distinctive feature of this book on wave analysis is that the material is based on real examples, rather than on schematic wave patterns, that makes it easy to change from studying of theory to individual practical work.
The book Elliott's Code: Wave Analysis of the FOREX Market is meant for analytics and traders, who are interested in Elliott's principal and financial markets forecasting on the basis of wave analysis.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, November, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1106 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061122080040.gif
Figure 1. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the triple three. Ending of the second wave is the critical level.
In the mid-term perspective uptrend forming 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/0611/061122080122.gif
Figure 2. Wave counting on 120 min chart.
Price has chosen the alternate scenario, marked grey in the previous reports. One of possible variants of wave counting is given in the chart. Wave (x) is supposed to be almost completed.
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
For EUR survey wave counting refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061122080204.gif
Figure 3. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the horizontal triangle. Ending of wave is the critical level.
In the mid-term perspective downtrend forming 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/0611/061122080249.gif
Figure 4. Wave counting on 120 min chart.
Price has chosen the alternate scenario, marked grey in the previous reports. One of possible variants of wave counting is given in the chart. Wave (x) is supposed to be almost completed.
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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061122080333.gif
Figure 5. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the skewed triangle. Ending of wave is the critical level.
In the mid-term perspective downtrend forming 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/0611/061122080413.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. The upper edge of the diagonal triangle has been broken, as it often happens with contracting patterns. Downtrend may continue in the zigzag mode.
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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061122080456.gif
Figure 7. Wave counting on 480 min chart.
Price has been fluctuating within the horizontal channel between 117.00-118.50 for more than a week, increasing possible variants of wave counting marking and not giving a univocal confirmation of uptrend beginning.
In the mid-term perspective uptrend is expected to form. 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/0611/061122080546.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. 118.50 barrier has not been broken yet.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, November 2006[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comNovember 22, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Preview
Survey on the methods of market movement projection, considered at the presentation, will be available at Alpari's web-site in the nearest future.
EUR/JPY Summary
EUR/JPY forecast was released on July 3, 2004 (refer to Figure 2 in Possible 20-figure trade) (in Russian).
http://www.alpari-forex.com/files/0611/061128093612.gif
After almost 2.5 years price reached projected 152.50. The forecast has been fulfilled.
Introduction
Possible movement scenario was described in details in article Check point. USD fall may continue till May 2007 and Monthly-1106, though for the past few days I have been interested in the alternate scenario.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, November, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1106 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061128093708.gif
Figure 1. Wave counting on 480 min chart.
Downtrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective downtrend forming is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061128093757.gif
Figure 2. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective uptrend forming 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061128093837.gif
Figure 3. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective uptrend forming 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061128093918.gif
Figure 4. Wave counting on 480 min chart.
Downward fifth wave (v) may assume the shape of the extension. Though it may be the first wave (i) of a larger downward impulse, which is forming, or some diagonal construction.
In the mid-term perspective downtrend forming is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, November 2006[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comNovember 28, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Summary on “Head-and-Shoulders” forming
In article Possible nearest perspectives of the main currency pairs on April 10, 2006 it was supposed that some currency pairs would form a reversal pattern “Head-and-Shoulders”. It may be stated at the moment that they have reached not only their minimum, but the maximum targets as well.
http://www.alpari-forex.com/files/0611/061129083146.gif
Figure v1. GBP execution of the classical technical analysis pattern “Head-and-Shoulders”.
For example, GBP was the last one, that reached its maximum projected target at 1.95 in 7.5 months once the forecast had been released (refer to Figure v1).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, November, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1106 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061129083244.gif
Figure 1. Wave counting on 480 min chart.
Downtrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective downtrend forming 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/0611/061129083323.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be almost completed.
In the short-term perspective downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061129083411.gif
Figure 3. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective uptrend forming 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/0611/061129083453.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be almost completed.
In the short-term perspective uptrend 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061129083545.gif
Figure 5. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective uptrend forming 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/0611/061129083624.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be forming in the shape of the nine-wave impulse.
In the short-term perspective uptrend 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061129083703.gif
Figure 7. Wave counting on 480 min chart.
Downward fifth wave (v) may assume the shape of the extension. Though it may be the first wave (i) of a larger downward impulse, which is forming, or some diagonal construction.
In the mid-term perspective downtrend forming 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/0611/061129083743.gif
Figure 8. Wave counting on 120 min chart.
Two possible variants of wave counting are given in the chart.
In the short-term perspective downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, November 2006[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comNovember 29, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Preview
December wave analysis will be released at the beginning of the next week as the next month begins this Friday.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, November, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1106 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061130082847.gif
Figure 1. Wave counting on 480 min chart.
Downtrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective downtrend forming 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/0611/061130082932.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be almost completed.
In the short-term perspective downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061130083029.gif
Figure 3. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective uptrend forming 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/0611/061130083111.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be almost completed.
In the short-term perspective uptrend 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061130083206.gif
Figure 5. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple).
In the mid-term perspective uptrend forming 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/0611/061130083245.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be forming in the shape of the nine-wave impulse.
In the short-term perspective uptrend 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0611/061130083328.gif
Figure 7. Wave counting on 480 min chart.
Downward fifth wave (v) may assume the shape of the extension. Though it may be the first wave (i) of a larger downward impulse, which is forming, or some diagonal construction.
In the mid-term perspective downtrend forming 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/0611/061130083411.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart.
In the short-term perspective downtrend is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, November 2006[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comNovember 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
Preview
December wave analysis will be released at the beginning of the next week as the next month begins this Friday.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, November, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1106 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061201083238.gif
Figure 1. Wave counting on 480 min chart.
Downtrend may assume the shape of the zigzag (ordinary or double/triple). Wedge (a) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term perspective zigzag (a)-(b)-(c) completion is expected. 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/0612/061201084022.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be almost completed.
In the short-term perspective wave (c) completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061201084108.gif
Figure 3. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple). Wedge (a) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term perspective zigzag (a)-(b)-(c) completion is expected. 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/0612/061201084153.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be almost completed.
In the short-term perspective wave (c) completion is expected. 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061201084244.gif
Figure 5. Wave counting on 480 min chart.
Uptrend may assume the shape of the zigzag (ordinary or double/triple). Impulse (a) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term perspective zigzag (a)-(b)-(c) completion is expected. 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 6.
http://www.alpari-forex.com/files/0612/061201084328.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Wave (c) is supposed to be forming in the shape of the nine-wave impulse.
In the short-term perspective wave (c) completion is expected. 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-1106, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061201084418.gif
Figure 7. Wave counting on 480 min chart.
The first wave (i) of a larger downward impulse, or some diagonal construction, may be forming. The distance from the beginning of the impulse to its third wave (iii) ending is taken as a fixed reference, R.Balan's Fifth Measurement Method" (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term perspective downtrend forming 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/0612/061201084501.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. The forth waves of impulse (iv) and iv are taken as fixed references, projection method is correction-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the short-term perspective impulse (v) is supposed to complete. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, November 2006[*]Wave Counting Marking[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 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
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061204082513.gif
Figure 1. Wave counting on 480 min chart.
Downtrend has assumed the shape of the zigzag, which, supposedly, is transforming into the impulse. Completion of the third wave (iii) of this impulse is not confirmed yet, that is why it may keep forming. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term plan wave (iii) completion is expected to be confirmed, wave (iv) is supposed to start forming. 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/0612/061204082557.gif
Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Impulse (iii) is absolutely completed, that is why wave (iv) may start forming.
In the short-term perspective wave (iii) completion is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061204082640.gif
Figure 3. Wave counting on 480 min chart.
Uptrend has assumed the shape of the zigzag, which, supposedly, is transforming into the impulse. Completion of the third wave (iii) of this impulse is not confirmed yet, that is why it may keep forming. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term plan wave (iii) completion is expected to be confirmed, wave (iv) is supposed to form. 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/0612/061204082717.gif
Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Impulse (iii) is absolutely completed, that is why wave (iv) may start forming.
In the short-term perspective wave (iii) completion is expected to be confirmed. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061204082757.gif
Figure 5. Wave counting on 480 min chart.
Uptrend has assumed the shape of the zigzag, which, supposedly, is transforming into the impulse. Completion of the third wave (iii) of this impulse is not confirmed yet, that is why it may keep forming. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term plan wave (iii) completion is expected to be confirmed, wave (iv) is supposed to form. 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/0612/061204082842.gif
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. Impulse (iii) is absolutely completed, that is why wave (iv) may start forming.
In the short-term plan wave (iii) completion is expected to be confirmed. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061204082925.gif
Figure 7. Wave counting on 480 min chart.
The first wave of downward impulse may have formed. The distance from the beginning of the impulse to its third wave (iii) ending is taken as a fixed reference, R.Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term perspective completion of wave is expected to be confirmed, wave is supposed to form. 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/0612/061204083007.gif
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. The forth waves of impulse (iv) and iv are taken as fixed references, projection method is correction-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the short-term perspective wave completion is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)(in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 4, 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:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061205083013.gif
Figure 1. Wave counting on 480 min chart.
Downward impulse is supposed to be forming. Completion of the third wave (iii) is not confirmed yet, that is why its forming may continue. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term plan wave (iii) completion is expected to be confirmed, wave (iv) is supposed to form. 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/0612/061205083052.gif
Figure 2. Wave counting on 120 min chart.
Two possible variants of wave counting are given in the chart. Impulse (iii) is absolutely completed, that is why wave (iv) may start forming.
In the short-term perspective wave (iii) completion is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061205083134.gif
Figure 3. Wave counting on 480 min chart.
Impulse is supposed to be forming. Completion of the third wave (iii) of this impulse is not confirmed yet, that is why its forming may continue. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term plan wave (iii) completion is expected to be confirmed, wave (iv) is supposed to form. 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/0612/061205083228.gif
Figure 4. Wave counting on 120 min chart.
Two possible variants of wave counting are given in the chart. Impulse (iii) is absolutely completed, that is why wave (iv) may start forming.
In the short-term perspective wave (iii) completion is expected to be confirmed. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061205083310.gif
Figure 5. Wave counting on 480 min chart.
Impulse is supposed to be forming. Completion of the third wave (iii) of this impulse is not confirmed yet, that is why its forming may continue. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term plan wave (iii) completion is expected to be confirmed, wave (iv) is supposed to form. 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/0612/061205083355.gif
Figure 6. Wave counting on 120 min chart.
Two possible variants of wave counting are given in the chart. Impulse (iii) is absolutely completed, that is why wave (iv) may start forming.
In the short-term perspective wave (iii) completion is expected to be confirmed. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061205083436.gif
Figure 7. Wave counting on 480 min chart.
The first wave of downward impulse may have formed. The distance from the beginning of the impulse to its third wave (iii) ending is taken as a fixed reference, R.Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term perspective completion of wave is expected to be confirmed, wave is supposed to form. 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/0612/061205083516.gif
Figure 8. Wave counting on 120 min chart.
Two possible variants of wave counting are given in the chart. The forth waves of the impulse, (iv) and iv, are taken as fixed references, projection method is correction-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the short-term perspective wave completion is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)(in Russian)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 5, 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:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061206091253.gif
Figure 1. Wave counting on 480 min chart.
Downward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061206091342.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061206091429.gif
Figure 3. Wave counting on 480 min chart.
Upward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061206091513.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061206091556.gif
Figure 5. Wave counting on 480 min chart.
Upward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061206091637.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061206091738.gif
Figure 7. Wave counting on 480 min chart.
Forming of the first wave of the downward impulse is almost completed. The distance from the beginning of the impulse to its third wave (iii) ending is taken as a fixed reference, R.Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term perspective completion of wave is expected to be confirmed, wave is supposed to form. 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/0612/061206091820.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. The forth waves of the impulse, (iv) and iv, are taken as fixed references, projection method is correction-trend (refer to Methods of Price Movement Projection (EWA) ).
In the short-term perspective wave completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 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:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061207084121.gif
Figure 1. Wave counting on 480 min chart.
Downward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061207084210.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061207084251.gif
Figure 3. Wave counting on 480 min chart.
Upward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061207084330.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061207084414.gif
Figure 5. Wave counting on 480 min chart.
Upward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061207084455.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061207084554.gif
Figure 7. Wave counting on 480 min chart.
Forming of the first wave of the downward impulse is almost completed. The distance from the beginning of the impulse to its third wave (iii) ending is taken as a fixed reference, R.Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term perspective wave completion is expected to be confirmed, wave is supposed to form. 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/0612/061207084635.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. The forth wave iv of impulse is taken as fixed references, projection method is correction-trend (refer to Methods of Price Movement Projection (EWA) ).
In the short-term perspective wave completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 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
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061208075033.gif
Figure 1. Wave counting on 480 min chart.
Downward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061208075111.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061208075152.gif
Figure 3. Wave counting on 480 min chart.
Upward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) (in Russian)).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061208075243.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061208075324.gif
Figure 5. Wave counting on 480 min chart.
Upward impulse (i)-(ii)-(iii)-(iv)-(v) is supposed to be forming. Completion of its third wave (iii) is not confirmed yet. Wedge (i) length is taken as a fixed reference, projection method is trend-to-trend (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term plan wave (iii) completion is expected, wave (iv) is supposed to form. 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/0612/061208075402.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Impulse (iii) keeps forming.
In the short-term perspective wave (iii) completion is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061208075443.gif
Figure 7. Wave counting on 480 min chart.
Forming of the first wave of the downward impulse is almost completed. The distance from the beginning of the impulse to its third wave (iii) ending is taken as a fixed reference, R.Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA) ).
In the mid-term perspective wave completion is expected to be confirmed, wave is supposed to form. 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/0612/061208075529.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. The forth wave iv of impulse is taken as a fixed references, projection method is correction-trend (refer to Methods of Price Movement Projection (EWA) ).
In the short-term perspective wave completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 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:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061211082218.gif
Figure 1. Wave counting on 480 min chart.
Corrective wave (iv) of a downward impulse is supposed to be forming.
In the mid-term plan wave (iv) is supposed to keep forming. 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/0612/061211082259.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Corrective wave (iv) is supposed to be forming.
In the short-term perspective wave (iv) is supposed to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061211082346.gif
Figure 3. Wave counting on 480 min chart.
Corrective wave (iv) of an upward impulse is supposed to be forming.
In the mid-term plan wave (iv) is supposed to keep forming. 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/0612/061211082426.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Corrective wave (iv) is supposed to be forming.
In the short-term plan wave (iv) is supposed to keep forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061211082509.gif
Figure 5. Wave counting on 480 min chart.
Corrective wave (iv) of an upward impulse is supposed to be forming.
In the mid-term plan wave (iv) is supposed to keep forming. 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/0612/061211082548.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Corrective wave (iv) is supposed to be forming.
In the short-term plan wave (iv) is supposed to keep forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061211082628.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be forming.
In the mid-term plan wave is supposed 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/0612/061211082711.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Corrective wave is supposed to be forming.
In the short-term plan wave is supposed to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 11, 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:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061212090102.gif
Figure 1. Wave counting on 480 min chart.
Corrective wave (iv) of a downward impulse is supposed to be forming.
In the mid-term plan wave (iv) is supposed to keep forming. 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/0612/061212090141.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave a of (iv) is supposed to be forming.
In the short-term perspective wave a of (iv) is supposed to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061212090222.gif
Figure 3. Wave counting on 480 min chart.
Corrective wave (iv) of an upward impulse is supposed to be forming.
In the mid-term plan wave (iv) is supposed to keep forming. 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/0612/061212090259.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave a of (iv) is supposed to be forming.
In the short-term perspective wave a of (iv) is supposed to keep forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061212090340.gif
Figure 5. Wave counting on 480 min chart.
Corrective wave (iv) of an upward impulse is supposed to be forming.
In the mid-term plan wave (iv) is supposed to keep forming. 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/0612/061212090425.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave a of (iv) is supposed to be forming.
In the short-term perspective wave a of (iv) is supposed to keep forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061212090506.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be forming.
In the mid-term plan wave is supposed 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/0612/061212090547.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave (a) of is supposed to be forming.
In the short-term perspective wave (a) of is supposed to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 12, 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 today's article New mid-term fall of USD is possible (EWA of USD/CAD) CAD movement is considered as an example of possible new turn of USD fall. On the back of it prices movement against the dollar is probable on the main currency pairs under consideration.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 360 min chart.
http://www.alpari-forex.com/files/0612/061213084202.gif
Figure 1. Wave counting on 360 min chart.
Wave (iv) of a downward impulse may be completed, as the minimum requirements for the fourth impulse waves have been fulfilled.
In the mid-term plan wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 2 for the wave counting draft of this currency on 360 min chart.
http://www.alpari-forex.com/files/0612/061213084252.gif
Figure 2. Wave counting on 360 min chart.
Wave (iv) of an upward impulse may be completed, as the minimum requirements for the fourth impulse waves have been fulfilled.
In the mid-term plan 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 360 min chart.
http://www.alpari-forex.com/files/0612/061213084331.gif
Figure 3. Wave counting on 360 min chart.
Wave (iv) of an upward impulse may be completed, as the minimum requirements for the fourth impulse waves have been fulfilled.
In the mid-term plan 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061213084412.gif
Figure 4. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be forming. It may complete with the current narrow zigzag.
In the mid-term plan wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 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
1). Short-term positions in favor of the dollar (refer to Daily-121206) should be better closed.
2). In article New mid-term fall of USD is possible (EWA of USD/CAD) CAD movement is considered as an example of possible new turn of USD fall. On the back of it prices movement against the dollar is probable on the main currency pairs under consideration.
http://www.alpari-forex.com/files/0612/061214084040.gif
Figure v1. Wave counting on 120 min chart.
CAD has reached the projected levels. Price lacks a small upward thrust to complete impulse v of (c) of of C. 1.1601 is still the critical level.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061214084129.gif
Figure 1. Wave counting on 480 min chart.
Wave (iv) of a downward impulse may be completed, as the minimum requirements for the fourth impulse waves have been fulfilled.
In the mid-term plan wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061214084236.gif
Figure 2. Wave counting on 480 min chart.
Wave (iv) of an upward impulse may be completed, as the minimum requirements for the fourth impulse waves have been fulfilled.
In the mid-term plan 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061214084316.gif
Figure 3. Wave counting on 480 min chart.
Wave (iv) of an upward impulse may be completed, as the minimum requirements for the fourth impulse waves have been fulfilled.
In the mid-term plan 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061214084355.gif
Figure 4. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be forming. It may complete with the current narrow zigzag.
In the mid-term plan wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 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 article New mid-term fall of USD is possible (EWA of USD/CAD) CAD movement is considered as an example of possible new turn of USD fall. On the back of it prices movement against the dollar is probable on the main currency pairs under consideration.
http://www.alpari-forex.com/files/0612/061215091349.gif
Figure v1. Wave counting on 60 min chart.
CAD has reached the projected levels and approached the critical level at 1.1601. Price lacks a small upward thrust to complete impulse (c). According to R. Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA)) wave v may be equal to the distance between the beginning of the impulse and the high of the third wave iii.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061215091439.gif
Figure 1. Wave counting on 480 min chart.
Wave (iv) of a downward impulse is supposed to be almost completed.
In the mid-term plan wave (iv) completion is expected. Wave (v) is supposed to start forming. 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/0612/061215091556.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Zigzag (iv) forming is almost completed.
In the short-term plan wave (iv) completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061215091657.gif
Figure 3. Wave counting on 480 min chart.
Wave (iv) of an upward impulse is supposed to be almost completed.
In the mid-term plan wave (iv) completion is expected. Wave (v) is supposed to start forming. 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/0612/061215091734.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Zigzag (iv) forming is almost completed.
In the short-term plan wave (iv) completion is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061215091819.gif
Figure 5. Wave counting on 480 min chart.
Wave (iv) of an upward impulse is supposed to be completed. First waves of the final wave (v) of an upward impulse may be forming.
In the mid-term plan wave (v) is supposed to keep forming. 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/0612/061215091901.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart.
In the short-term plan wave (v) is supposed to keep forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061215091946.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be almost completed. It may be assuming the shape of the narrow double zigzag.
In the mid-term plan wave () completion is expected. Wave is supposed 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/0612/061215092027.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Forming of the double zigzag is almost completed.
In the short-term plan wave completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 15, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd
Introduction
1). Note how alternation guidelines for the corrective waves (ii) and (iv) of supposed impulses of the European currencies are fulfilled (refer to 480 min charts of this forecast). The second waves have formed new extremums (waves b of (ii) ending), the fourth waves did not manage to do it. The fourth waves of CHF and EUR reached 50% mark, the others remained not so deep (37% and 12% correspondingly). GBP also shows depth correction alternation, but in the inverse order (~50% and ~38%).
Moreover, supposed fourth waves reached the edge of the trend channel (GBP) and even broke it (CHF and EUR), having formed the completed corrective pattern, which presupposes the nearest change of the direction of prices movement against the dollar. These signs confirm the scenario with uncompleted impulse , forming against the dollar (refer to Figures C2, E2, G2 of the corresponding currency pairs in Monthly-1206). The alternate variants, described in the forecast, are not annulled yet.
In the fourth waves of the European currencies, which formed last week (refer to 120 min charts of this forecast), corrective zigzags show waves width alternation, the first leg of the zigzag has formed without corrections, clear-cut in this time-frame. The second leg, which corresponds by the length to the generally accepted statistics of waves correlation in zigzags, is wider, with clear-cut corrections (refer to part 4.2 in book Elliott's Code: Wave Analysis of the FOREX Market).
2). In article New mid-term fall of USD is possible (EWA of USD/CAD) CAD movement is considered as an example of possible new turn of USD fall. On the back of it prices movement against the dollar is probable on the main currency pairs under consideration.
Below several new arguments in favor of USD expected fall are given.
http://www.alpari-forex.com/files/0612/061218072754.gif
Figure v1. Wave counting on the weekly chart.
RSI has tested its resistance level while price is at the upper edge of the channel, which increases chances of the trend downward reversal.
http://www.alpari-forex.com/files/0612/061218072834.gif
Figure v2. Wave counting on 480 chart.
Price has broken the upper edge of the supposed contracting diagonal triangle C. As a rule, it occurs before the very completion of the diagonal triangle. Moreover,divergence formed between the endings of the third and fifth waves and corresponding endings of oscillators MACD and RSI, which may also signal this pattern completion.
By the way, note that RSI and MACD oscillators are forming the resistance line while price reverses at the lower edge of the trend channel (refer to parts 4.5 and 4.6 in book Elliott's Code: Wave Analysis of the FOREX Market).
http://www.alpari-forex.com/files/0612/061218072917.gif
Figure v3. Wave counting on 60 min chart.
CAD has reached the projected levels, almost approached the critical level at 1.1601 and almost completed forming of the diagonal triangle v of (c). According to R. Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA) and part 4.4 in book Elliott's Code: Wave Analysis of the FOREX Market) the length of wave v, which has assumed the shape of the diagonal triangle, may be equal to the distance between the beginning of the impulse and the ending of the third wave iii (calculated value is equal to 1.1590).
Though in case price fixes behind the critical level, current wave counting should be adjusted.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061218073001.gif
Figure 1. Wave counting on 480 min chart.
Wave (iv) of a downward impulse is supposed to be almost completed.
In the mid-term plan wave (iv) completion is expected. Wave (v) is supposed to start forming. 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/0612/061218073044.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Zigzag (iv) forming is almost completed.
In the short-term plan wave (v) is supposed to start forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061218073133.gif
Figure 3. Wave counting on 480 min chart.
Wave (iv) of an upward impulse is supposed to be almost completed.
In the mid-term plan wave (iv) completion is expected. Wave (v) is supposed to start forming. 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/0612/061218073220.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Zigzag (iv) forming is almost completed.
In the short-term plan wave (v) is supposed to start forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061218073301.gif
Figure 5. Wave counting on 480 min chart.
Wave (iv) of an upward impulse is supposed to be completed. First waves of the final wave (v) of an upward impulse may be forming.
In the mid-term plan wave (iv) completion is expected to be confirmed. Wave (v) is supposed to start forming. 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/0612/061218073348.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Forming of the double three (iv) is almost completed.
In the short-term plan wave (v) is supposed to start forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061218073430.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be almost completed. It may be assuming the shape of the narrow double zigzag.
In the mid-term plan wave () completion is expected. Wave is supposed 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/0612/061218073508.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Forming of the double zigzag is almost completed.
In the short-term plan wave completion is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 18, 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 article New mid-term fall of USD is possible (EWA of USD/CAD) CAD movement is considered as an example of possible new turn of USD fall. On the back of it prices movement against the dollar is probable on the main currency pairs under consideration.
http://www.alpari-forex.com/files/0612/061219082056.gif
Figure v1. Wave counting on 60 min chart.
CAD has reached the projected levels, almost approached the critical level at 1.1601 and almost completed forming of the diagonal triangle v of (c). According to R. Balan's Fifth Measurement Method (refer to Methods of Price Movement Projection (EWA) and part 4.4 in book Elliott's Code: Wave Analysis of the FOREX Market) the length of wave v, which has assumed the shape of the diagonal triangle, may be equal to the distance between the beginning of the impulse and the ending of the third wave iii (calculated value is equal to 1.1590).
Some horizontal construction, which may be the fourth wave of the diagonal triangle, e.g. in the shape of the horizontal triangle, is forming now.
Though in case price fixes above the critical level, current wave counting should be adjusted.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061219082156.gif
Figure 1. Wave counting on 480 min chart.
Wave (iv) of a downward impulse is supposed to be almost completed.
In the mid-term plan wave (iv) completion is expected to be confirmed. Wave (v) is supposed to start forming. 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/0612/061219082236.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Zigzag (iv) forming is almost completed.
In the short-term plan wave (v) is supposed to start forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061219082317.gif
Figure 3. Wave counting on 480 min chart.
Wave (iv) of an upward impulse is supposed to be almost completed.
In the mid-term plan wave (iv) completion is expected to be confirmed. Wave (v) is supposed to start forming. 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/0612/061219082357.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Zigzag (iv) forming is almost completed.
In the short-term plan wave (v) is supposed to start forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061219082439.gif
Figure 5. Wave counting on 480 min chart.
Wave (iv) of an upward impulse is supposed to be almost completed.
In the mid-term plan wave (iv) completion is expected to be confirmed. Wave (v) is supposed to start forming. 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/0612/061219082519.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Forming of the double three (iv) is almost completed.
In the short-term plan wave (v) is supposed to start forming. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061219082559.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be almost completed. It may be assuming the shape of the narrow triple zigzag.
In the mid-term plan wave () completion is expected to be confirmed. Wave is supposed 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/0612/061219082637.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Forming of the supposed triple zigzag is almost completed.
In the short-term plan wave forming is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 19, 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 European currencies and CAD are supposed to have reversed the trend against the dollar. The final wave (v) of impulse started forming for CHF, EUR and GBP.
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061220080148.gif
Figure 1. Wave counting on 480 min chart.
The fourth wave (iv) of downward impulse is supposed to be completed. The first waves of the final fifth (v) are forming.
In the mid-term plan wave (v) is supposed to keep forming. 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/0612/061220080228.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave i of (iv) forming is almost completed.
In the short-term plan correction ii of (v) forming is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061220080310.gif
Figure 3. Wave counting on 480 min chart.
The fourth wave (iv) of upward impulse is supposed to be completed. The first waves of the final fifth (v) are forming.
In the mid-term plan wave (v) is supposed to keep forming. 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/0612/061220080350.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave i of (iv) forming is almost completed.
In the short-term plan correction ii of (v) forming is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061220080430.gif
Figure 5. Wave counting on 480 min chart.
The fourth wave (iv) of upward impulse is supposed to be completed. The first waves of the final fifth (v) are forming.
In the mid-term plan wave (v) is supposed to keep forming. 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/0612/061220080512.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave i of (iv) forming is almost completed.
In the short-term plan correction ii of (v) forming is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061220080629.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be almost completed. It may be assuming the shape of the narrow triple zigzag.
In the mid-term plan wave () completion is expected to be confirmed. Wave is supposed 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/0612/061220080717.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Forming of the supposed triple zigzag is almost completed.
In the short-term plan wave forming is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 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
1). If we take a good look at the second charts of December forecast (refer to Figures C2, E2, G2, in Monthly Wave Analysis, December 2006) we will notice that wave (iv) is supposed to complete on December 21. This date was chosen as it is the key pulse point (refer to Figure v1 below, by way of example).
http://www.alpari-forex.com/files/0612/061221075215.gif
Figure v1. Forecast for December 2006.
Though quite often this method indicates the point of the first significant retracement after the already formed reversal, that is the successive reversal point of a smaller wave degree, rather than the true trend reversal point. In this case it is supposed wave ii of (v).
The reversal point of the global trend against the dollar in the forecast for 2005, the mid of March 2006, was specified similarly (refer to Annual-05 (in Russian)). A bit later, on May 14, 2005, the method of the reversal point date calculation was briefly described and its precise value, March 4, 2006, was specified (refer to Possible Perspectives of the Main Currency Pairs (EWA) (in Russian); for the weekly time-frame every date falls on Saturday).
http://www.alpari-forex.com/files/0612/061221075303.gif
Figure v2. Forecast of the global trend against USD reversal and reality.
It is clearly seen in Figure v2 that the global trend reversed at the end of November 2005 (wave (A) ending), and above the key pulse point on March 4, 2006 the ending of the successive wave of a smaller degree (wave X of (B) ending) formed.
That is why further fall of the dollar is highly probable today.
2). Forecast of the nearest reversal point of CAD against the dollar is given in article New Mid-term Fall of USD is Possible (EWA of USD/CAD). The summary is given in Figure v3, below.
http://www.alpari-forex.com/files/0612/061221075348.gif
Figure v3. USD/CAD reversal point projection summary.
The most near-real projective value was reached in the smallest time-frame from those under consideration (projection – 1.1590, real value – 1.1587).
Note
[*]Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.[*]The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.[*]Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.[*]It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.[*]Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.[*]Survey wave counting, alternate variants and possible schematic price movements are given in:[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]Annual-06[*]Monthly Wave Analysis, December, 2006
1. USD/CHF
For CHF survey wave counting refer to Monthly-1206 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061221075439.gif
Figure 1. Wave counting on 480 min chart.
The fourth wave (iv) of downward impulse is supposed to be completed. The first waves of the final fifth (v) are forming.
In the mid-term plan wave (v) is supposed to keep forming. 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/0612/061221075518.gif
Figure 2. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave ii of (v) forming is almost completed.
In the short-term plan wave iii of (v) forming is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1206, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061221075604.gif
Figure 3. Wave counting on 480 min chart.
The fourth wave (iv) of upward impulse is supposed to be completed. The first waves of the final fifth (v) are forming.
In the mid-term plan wave (v) is supposed to keep forming. 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/0612/061221075642.gif
Figure 4. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave ii of (v) forming is almost completed.
In the short-term plan wave iii of (v) forming is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061221075721.gif
Figure 5. Wave counting on 480 min chart.
The fourth wave (iv) of upward impulse is supposed to be completed. The first waves of the final fifth (v) are forming.
In the mid-term plan wave (v) is supposed to keep forming. 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/0612/061221075801.gif
Figure 6. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Wave ii of (v) forming is almost completed.
In the short-term plan wave iii of (v) forming is expected. 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-1206, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/0612/061221075846.gif
Figure 7. Wave counting on 480 min chart.
Corrective wave of a downward impulse is supposed to be almost completed. It may be assuming the shape of the narrow triple zigzag.
In the mid-term plan wave () completion is expected to be confirmed. Wave is supposed 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/0612/061221075925.gif
Figure 8. Wave counting on 120 min chart.
Possible variant of wave counting is given in the chart. Forming of the supposed triple zigzag is almost completed. 118.65 is the projected point of the trend reversal. Calculations are given in Figure 9, below.
In the short-term plan wave forming is expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
http://www.alpari-forex.com/files/0612/061221080005.gif
Figure 9. Wave counting on 20 min chart.
In Figure 9 three projections are given, two of them are made according to the “trend-to-trend” method on different wave degrees (refer to Methods of Price Movement Projection (EWA) or part 4.4 in book Elliott's Code: Wave Analysis of the FOREX Market), and one of them is made in accordance with the “correction-trend” method, where the height of the skewed triangle is used (refer to Skewed Triangles in FX (EWA)).
Reference
[*]Imaginary Skewer[*]Project Targets for 2006-2007, USDJPY (Wave Analysis)[*]CAD possible perspectives till 2008 and further (EWA of USD/CAD)[*]Japanese Triangles (EWA of EUR/JPY & GBP/JPY[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Two possible fourth waves till the mid of June (EWA)[*]USD/CAD fall may complete with an extension[*]Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD)[*]Check point. USD fall may continue till May 2007[*]New mid-term fall of USD is possible (EWA of USD/CAD)[*]FOREX forecast, 2006[*]Monthly Wave Analysis, December 2006[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]Wave analysisDmitry Voznuy
forDmitry@yahoo.comDecember 21, 2006The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd