Introduction
USD fall is expected to complete at the end of May. Though possible alternate scenarios, described in Monthly-0507, are still valid and even gain momentum in respect of some currencies.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart.
Supposedly, correction viii is still incomplete. RSI has approached its resistance level again when the price broke the lower edge of the trend channel, that is why local trend may be expected to reverse upwards.
Local trend is expected to reverse upwards.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
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Figure 2. Wave counting on 480 min chart.
Corrective wave viii is supposed to be completed. Uptrend may keep forming up to wave xi.
Uptrend forming is expected to continue.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart.
The movement from the end of January may be treated as zigzag C, which wave of C is completed.
Downtrend is expected to continue.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 4 for the wave counting draft for this currency on 480 min chart.
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Figure 4. Wave counting on 480 min chart.
Supposedly, correction viii is still incomplete. RSI has approached its resistance level again when the price broke the upper edge of the trend channel and it has even formed a divergence with the price, that is why local trend may be expected to reverse downwards.
Local trend is expected to reverse downwards.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 10, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
The price of the European currencies is moving between the critical and confirmative levels, which confirms that the scenarios, described in Monthly-0507 are equally probable.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
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Figure 1. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen.
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Figure 2. Wave counting on 480 min chart.
Correction viii may be close to its end. RSI has approached its resistance level again when the price broke the lower edge of the trend channel. That is why it is quite logic to expect that the local trend will reverse upwards and to look for the optimum points to enter the long position.
Local trend is expected to reverse upwards.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
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Figure 3. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen.
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Figure 4. Wave counting on 480 min chart.
Correction viii may be close to its end. RSI has approached its resistance level again when the price broke the lower edge of the trend channel. That is why it is quite logic to expect that the local trend will reverse upwards and to look for the optimum points to enter the long position.
Local trend is expected to reverse upwards.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed.
Downtrend forming is expected.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on the daily chart.
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Figure 6. Wave counting on the daily chart.
Having broken the upper line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen.
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Figure 7. Wave counting on 480 min chart.
Correction viii may be close to its end. RSI has approached its resistance level again when the price broke the upper edge of the trend channel and even formed a divergence with the price. That is why it is quite logic to expect that the local trend will reverse downwards and to look for the optimum points to enter the short position.
Local trend is expected to reverse downwards.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 11, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
Last two weeks I received a lot of letters with the different variants of wave counting marking, which are slightly/strongly/dramatically different from those I have released. The answer was always the same:
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both of these variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels there is no sense to argue which variant is correct.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
In any case a serious retracement against the dollar is urgent. May be the inner structure of the expected movement may suggest further scenario which the price will choose.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
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Figure 1. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the downtrend structure may be considered to be an impulsive one with great reserve. Moreover the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen already.
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Figure 2. Wave counting on 480 min chart.
Correction viii is supposed to be completed. Uptrend reverse is expected.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
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Figure 3. Wave counting on the daily chart.
Having broken the lower line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Though the downtrend structure may be considered to be an impulsive one with great reserve. Moreover the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen already.
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Figure 4. Wave counting on 480 min chart.
Correction viii is supposed to be completed. Uptrend reverse is expected.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed.
Downtrend forming is expected.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on the daily chart.
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Figure 6. Wave counting on the daily chart.
Having broken the upper line of the trend channel the price increases the chances of this variant of wave counting, described in Monthly-0507. Moreover the uptrend structure may be considered to be an impulsive one almost with no reserve. Though the confirmatory level has not been broken yet and it is too early to say that the scenario has been chosen already.
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Figure 7. Wave counting on 480 min chart.
Correction viii is supposed to be completed. Downtrend forming is expected.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly -0507[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 14, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both of these variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels both variants should be taken into account.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower line of the trend channel the price exceeds the chances of variant v.1 (see the next chart).
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Figure 2. Wave counting on 120 min chart, v.1.
In Figure 2 downward movement in the shape of the forming impulsive structure is given. If the supposition is correct the downward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument in favor of variant v. 1.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower line of the trend channel the price exceeds the chances of variant v.1 (see the next chart).
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Figure 4. Wave counting on 120 min chart, v.1.
In Figure 4 downward movement in the shape of the forming impulsive structure is given. If the supposition is correct the downward wave (5) of of i will assume the shape of the impulse or diagonal triangle.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart, v.1.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed. Though steady uptrend brings the alternate variant v. 2 to the foreground (the next Figure).
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Figure 6. Wave counting on 480 min chart, v.2.
In Figure 6 upward movement in the shape of the forming wedge is given. If the supposition is correct the upward wave (v) of or can break the upper edge of the channel as the wedge is expanding.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the upper line of the trend channel the price exceeds the chances of variant v.1 (see the next chart).
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Figure 8. Wave counting on 120 min chart, v.1.
In Figure 8 upward movement in the shape of the forming impulsive structure is given. If the supposition is correct the upward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument is favor of variant v.1.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly-0507[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 15, 2007Do not reproduce without explicit permission of Alpari Ltd
Introduction
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels both variants should be taken into account.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower edge of the trend channel the price increases chances of variant v.1 (see the next chart).
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Figure 2. Wave counting on 120 min chart, v.1.
In Figure 2 downward movement in the shape of the forming wedge is given. If the supposition is correct the downward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument in favor of variant v. 1.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the lower edge of the trend channel the price increases chances of variant v.1 (see the next chart).
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Figure 4. Wave counting on 120 min chart, v.1.
In Figure 4 downward movement in the shape of the forming impulsive structure is given. If the supposition is correct the downward wave (5) of of i will assume the shape of the impulse or diagonal triangle.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart, v.1.
The movement from the end of January may be treated as a wide zigzag C, which wave of C is completed. Though steady uptrend brings the alternate variant v. 2 to the foreground (the next Figure).
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Figure 6. Wave counting on 480 min chart, v.2.
In Figure 6 upward movement in the shape of the forming wedge is given. If the supposition is correct the upward wave (v) of or can break the upper edge of the channel as the wedge is contracting.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart, v.2.
According to this scenario wave viii is completed. Though having broken the upper edge of the trend channel the price increases the chances of variant v.1 (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26787_2794.gif
Figure 8. Wave counting on 120 min chart, v.1.
In Figure 8 upward movement in the shape of the forming wedge is given. If the supposition is correct the upward wave of i will assume the shape of the impulse or diagonal triangle. RSI on this time-frame is an additional argument is favor of variant v.1.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Some Words about CAD[*]Additional Profit on Swaps (EWA of GBP/CHF)[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly-0507[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 16, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
For the European currencies two variants are equally probable now:
1) USD fall has finished at the second half of April, currently the first waves of a new trend in favor of the dollar are forming,
2) USD fall completes in the shape of a supposed 11-wave correction.
Both variants were described in details in Monthly-0507. As long as the price is between the critical and confirmatory levels both variants should be taken into account.
Of course, within the two weeks after the publication of Monthly-0507 new «pros» and «contras» have appeared for both of them. Though, as it usually happens while the trend breakout and correction forming the balance is turning in favor of either the first or the second variant and arguments may contradict each other.
Yesterday?s USD strengthening was an additional argument in favor of the trend reverse of the end of April. That is why this variant is described in details in today?s forecast.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart, v.1.
The downward construction may be presented in the shape of the wedge with some reserve. For its completion wave of i should fall at least tol the level of wave of I ending. Otherwise the downward construction may be a sequence of waves 1-2, 1-2.
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Figure 2. Wave counting on 120 min chart, v.1.
According to a possible variant of wave counting downward wedge is forming. If the supposition is correct wave of i should reach 1.3450. Though the price will hardly reach the lower edge of the channel as the wedge is expanding.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26805_2823.gif
Figure 3. Wave counting on 480 min chart, v.1.
The downward construction may be presented in the shape of the wedge with some reserve. Otherwise it may be a sequence of waves 1-2, 1-2.
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Figure 4. Wave counting on 120 min chart, v.1.
According to a possible variant of wave counting downward wedge forming is expected. For its completion only the final downward price thrust is required. This thrust may break the lower edge of the channel as the wedge is contracting.
Then immediate reverse of the local trend upwards may be expected and optimum points to open mid-term long positions may be looked for.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26805_2825.gif
Figure 5. Wave counting on 480 min chart, v.2.
According to this scenario upward movement is presented in the shape of the forming wedge. If the suppositions is correct upward wave (v) of or may break the upper edge of the channel, as the wedge is contracting.
Then immediate reverse of the local trend downwards should be expected and the optimum points to open mid-term short positions should be looked for.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26805_2826.gif
Figure 6. Wave counting on 480 min chart, v.1.
The upward construction may be presented in the shape of the wedge. Otherwise it may be a sequence of waves 1-2, 1-2.
http://www.alpari-forex.com/files/pic/docs/3/26805_2827.gif
Figure 7. Wave counting on 120 min chart, v.1.
According to a possible scenario upward wedge forming is expected. If the suppositions is correct wave of i may break the upper edge of the channel, as the wedge is contracting.
Then immediate reverse of the local trend downwards should be expected and the optimum points to open mid-term short positions should be looked for.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly-0507[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 17, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
1). Those who have opened short-term positions in favor of the dollar (see Daily 051607) may think about their closing.
2). CHF price has approached the confirmatory level which is a serious argument in favor of the dollar strengthening which has started already. Though it will be univocal only once the price fixes in the new area.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26818_2847.gif
Figure 1. Wave counting on the daily chart, v.1.
The price may have chosen scenario v.1 (see Monthly-0507).
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 2 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26818_2848.gif
Figure 2. Wave counting on the daily chart, v.1.
The price may have chosen scenario v.1 (see Monthly-0507).
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26818_2849.gif
Figure 3. Wave counting on 480 min chart, v.2.
The price has broken the upper forming line of the supposed wedge, confirming by implication that the pattern has been chosen correctly. I suppose the price has preferred scenario v.2 for JPY (see Monthly-0507).
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 4 for the wave counting draft for this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/3/26818_2850.gif
Figure 4. Wave counting on the daily chart, v.1.
The price may have chosen scenario v.1 (see Monthly-0507).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX forecast, 2007[*]Monthly-0507[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 18, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
It is evident that the price prefers the scenario when the trend reverses in favor of the dollar at the end of April.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26835_2870.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed, wave ii or b is forming supposedly in the shape of the flat. If the supposition is correct till the end of the week the price will be forming wave of ii, which may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26835_2871.gif
Figure 2. Wave counting on 120 min chart, v.1.
The optimum level for the completion of wave of supposed flat ii or b is at 1.36, which will correspond to 62% retracement, characteristic of the second waves.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26835_2872.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed, wave ii or b is forming supposedly in the shape of the extended flat. If the supposition is correct till the end of the week the price will be forming wave of ii, which may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26835_2873.gif
Figure 4. Wave counting on 120 min chart, v.1.
The optimum level for the completion of wave of supposed extended flat ii or b is at 1.99+, which will correspond to 38-50% retracement.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26835_2874.gif
Figure 5. Wave counting on 480 min chart, v.2.
According to this variant upward wedge or is almost completed. The price has broken the upper edge of the channel as the wedge is contracting. It is quite logic to expect downward correction or forming in the nearest future.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26835_2875.gif
Figure 6. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed. Wave ii or b is supposed to be forming in the shape of the running flat. If the supposition is correct till the end of the week the price will be forming wave of ii, which may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26835_2876.gif
Figure 7. Wave counting on 120 min chart, v.1.
The optimum level for the completion of wave of supposed running flat ii or b is at 1.2150 or below, which will correspond to 25-38% retracement.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]Wave analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 21, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
It is evident that the price prefers the scenario when the trend reverses in favor of the dollar at the end of April (see Monthly-0507).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26845_2891.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed, wave ii or b is forming supposedly in the shape of the flat. If the supposition is correct till the end of the week the price will be forming wave of ii, which may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26845_2892.gif
Figure 2. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.3550 or 1.36+.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26845_2893.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed, wave ii or b is forming supposedly in the shape of the flat. If the supposition is correct till the end of the week the price will form wave of ii, which may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26845_2894.gif
Figure 4. Wave counting on 120 min chart, v.2.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.9800-50 or 1.99+.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26845_2895.gif
Figure 5. Wave counting on 480 min chart, v.1.
According to this variant upward wedge or is completed. The price has broken the upper edge of the channel as the wedge is contracting. It is quite logic to expect downward correction or will keep forming.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26845_2896.gif
Figure 6. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed. Wave ii or b is supposed to be forming in the shape of the flat. If the supposition is correct till the end of the week the price will be forming wave of ii, which may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26845_2897.gif
Figure 7. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.2175 or 1.21-.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0507[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 22, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
It is evident that the price prefers the scenario when the trend reverses in favor of the dollar at the end of April (see Monthly-0507).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26861_2918.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed, wave ii or b is forming supposedly in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26861_2919.gif
Figure 2. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.3550 or 1.36+.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26861_2920.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed, wave ii or b is forming supposedly in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26861_2921.gif
Figure 4. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.9800-50 or 1.99+.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26861_2922.gif
Figure 5. Wave counting on 480 min chart, v.2.
According to this variant upward wedge or is completed. The price has broken the upper edge of the channel as the wedge is contracting. It is quite logic to expect that downward correction or will keep forming.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26861_2923.gif
Figure 6. Wave counting on 480 min chart, v.1.
According to this scenario wedge i or a is completed. Wave ii or b is supposed to be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26861_2924.gif
Figure 7. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.2175 or 1.21-.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 г[*]Monthly-0507[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 23, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
It is evident that the price prefers the scenario when the trend reverses in favor of the dollar at the end of April (see Monthly-0507).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26882_2946.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b may be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26882_2947.gif
Figure 2. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.3550 or 1.36+.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26882_2948.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b is forming supposedly in the shape of the extended flat.
http://www.alpari-forex.com/files/pic/docs/3/26882_2949.gif
Figure 4. Wave counting on 120 min chart, v.1.
Completion of wave of extended flat ii or b may be expected around 2.00.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26882_2950.gif
Figure 5. Wave counting on 480 min chart, v.2.
According to this variant upward wedge or is completed. The price has broken the upper edge of the channel as the wedge is contracting. It is quite logic to expect that downward correction or will keep forming. The details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26882_2951.gif
Figure 6. Wave counting on 120 min chart, v.2.
One of possible variants of marking of the supposed wedge or ending is given in the chart. Impulse v of (v) seems to be completed.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26882_2952.gif
Figure 7. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b is supposed to be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26882_2953.gif
Figure 8. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.2175 or 1.21-.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0507li>Wave analysis [*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 24, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
It is evident that the price prefers the scenario when the trend reverses in favor of the dollar at the end of April (see Monthly-0507).
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26905_2979.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b may be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26905_2980.gif
Figure 2. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.3550 or 1.36+.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26905_2981.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b is forming supposedly in the shape of the extended flat.
http://www.alpari-forex.com/files/pic/docs/3/26905_2982.gif
Figure 4. Wave counting on 120 min chart, v.1.
Completion of wave of extended flat ii or b may be expected around 2.00.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26905_2983.gif
Figure 5. Wave counting on 480 min chart, v.2.
According to this variant upward wedge or is completed. Downward correction or keeps forming. The details are given on the next chart.
http://www.alpari-forex.com/files/pic/docs/3/26905_2984.gif
Figure 6. Wave counting on 120 min chart, v.2.
One of possible variants of marking of the supposed wedge or ending is given in the chart. Impulse v of (v) seems to be completed.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/3/26905_2985.gif
Figure 7. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b is supposed to be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle (see the next chart).
http://www.alpari-forex.com/files/pic/docs/3/26905_2986.gif
Figure 8. Wave counting on 120 min chart, v.1.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.2175 or 1.21-.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0507li>Wave analysis [*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 25, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
It is evident that the price prefers the scenario when the trend reverses in favor of the dollar at the end of April (see Monthly-0507). Though the price does not confirm it and it is balancing on the brink of the extreme waves correlations.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26920_3007.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b may be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.3550 or 1.36+.
Price fixing above the upper edge of the channel of wave of ii will confirm this scenario.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26920_3008.gif
Figure 2. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b is forming supposedly in the shape of the extended flat.
Completion of wave of extended flat ii or b may be expected around 2.00.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26920_3009.gif
Figure 3. Wave counting on 480 min chart, v.2.
According to this variant supposed upward wedge or is completed, though it is nor confirmed yet.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 4 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26920_3010.gif
Figure 4. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b is supposed to be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.2150 or 1.21-.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0507[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 28, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
The price may prefer the scenario when the trend reverses in favor of the dollar at the end of April (see Monthly-0507). Though the price does not confirm it and it is balancing on the brink of the extreme waves correlations.
Yesterday’s holidays in the USA, Great Britain and Switzerland decreased activity of the FOREX market participants significantly and the wave picture of the pairs under consideration has remained almost unchanged.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26928_3019.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b may be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.3550 or 1.36+.
Price fixing above the upper edge of the channel of wave of ii will confirm this scenario.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26928_3020.gif
Figure 2. Wave counting on 480 min chart, v.1.
According to this variant wave ii or b is forming supposedly in the shape of the extended flat.
Completion of wave of the extended flat ii or b may be expected around 2.00.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26928_3021.gif
Figure 3. Wave counting on 480 min chart, v.2.
According to this variant supposed upward wedge or is completed, though it is nor confirmed yet.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 4 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26928_3022.gif
Figure 4. Wave counting on 480 min chart, v.1.
According to this scenario wave ii or b is supposed to be forming in the shape of the flat. If the supposition is correct wave of ii may assume the shape of the impulse or diagonal triangle.
Depending on the type of the flat the price will choose (extended or running), completion of wave of supposed flat ii or b may be expected around 1.2150 or 1.21-.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0507li>Wave analysis [*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 29, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
According to the current wave picture local correction ii or a may be already completed for the European currencies and a new stage of the dollar strengthening, wave iii or c, has started.
If the supposition is correct the expected movement may be very powerful and profitable. That is why it is reasonable to change short-term positions against the dollar (see Daily-220507) for mid-term positions in favor of the dollar.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26937_3039.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the double three. Ending of wave ii or b is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26937_3040.gif
Figure 2. Wave counting on 120 min chart, v.1.
Wave ii or b ending is not confirmed yet, though it is quite possible.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26937_3041.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the extended flat. Ending of wave ii or b is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26937_3042.gif
Figure 4. Wave counting on 120 min chart, v.1.
Wave ii or b ending is not confirmed yet, though the wave picture signals in favor of this variant.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26937_3043.gif
Figure 5. Wave counting on 480 min chart, v.2.
As JPY does not form a proportional and clear-cut correction alternate variant is still probable. According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. Further upward movement in the narrow trend channel will confirm the alternative.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 6 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26937_3044.gif
Figure 6. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the running flat. Wave ii or b ending is the critical level for this variant.
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Figure 7. Wave counting on 120 min chart, v.1.
Wave ii or b ending is not confirmed yet, though according to the wave picture it is possible.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0507[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 30, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
According to the current wave picture local correction ii or a may be already completed for the European currencies and a new stage of the dollar strengthening, wave iii or c, has started. If the supposition is correct the expected movement may be very powerful and profitable.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26948_3061.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the double three. Ending of wave ii or b is the critical level for this variant.
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Figure 2. Wave counting on 120 min chart, v.1.
Wave ii or b ending is not confirmed yet, though it is quite possible.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26948_3063.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the extended flat. Ending of wave ii or b is the critical level for this variant.
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Figure 4. Wave counting on 120 min chart, v.1.
Wave ii or b ending is not confirmed yet, though the wave picture signals in favor of this variant.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26948_3065.gif
Figure 5. Wave counting on 480 min chart, v.2.
As JPY does not form a proportional and clear-cut downward correction alternate variant is still probable. According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. Further upward movement in the narrow trend channel will confirm the alternative.
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Figure 6. Wave counting on 120 min chart, v.2.
If the supposition is correct after 9-wave triangle (iv), which wave e of (iv) is also a triangle, upward price thrust will follow. This thrust will be equal at least the height of triangle (iv). Crossing of the upper boarders of the channels is also projected around 122.50.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26948_3067.gif
Figure 7. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the running flat. Wave ii or b ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26948_3068.gif
Figure 8. Wave counting on 120 min chart, v.1.
Wave ii or b ending is not confirmed yet, though according to the wave picture it is possible.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]FOREX Forecast for 2007 [*]Monthly-0507[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comMay 31, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
Introduction
In the yesterday's article Check Point, Intermediate Results and Nearest Perspectives one of possible scenarios of price movement up to the end of 2007 has been considered.
1. EUR/USDFor EUR survey wave counting refer to Annual-07 and Monthly -0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26967_3120.gif
Figure 1. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the double three. Ending of wave ii or b is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26967_3121.gif
Figure 2. Wave counting on 120 min chart, v.1.
Wave ii or b ending has not been confirmed yet, though it is quite possible according to the wave picture.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26967_3122.gif
Figure 3. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the extended flat. Ending of wave ii or b is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26967_3123.gif
Figure 4. Wave counting on 120 min chart, v.1.
Wave ii or b ending is not confirmed yet, though the wave picture signals in favor of this variant.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07 and Monthly-0507. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26967_3124.gif
Figure 5. Wave counting on 480 min chart, v.2.
As JPY does not form a proportional and clear-cut downward correction alternate variant is still probable. According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. Further upward movement in the narrow trend channel will confirm the alternative.
http://www.alpari-forex.com/files/pic/docs/4/26967_3125.gif
Figure 6. Wave counting on 120 min chart, v.2.
Price upward thrust followed triangle (iv). It may be equal the height of triangle (iv). Crossing of the upper edges of the channels is also projected around 122.50.
4. USD/CHFFor CHF survey wave counting refer to Annual-07 and Monthly-0507 and article Possible perspectives of the European currencies for 2007. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26967_3126.gif
Figure 7. Wave counting on 480 min chart, v.1.
According to scenario v.1 wave ii or b is completed, having assumed the shape of the running flat. Wave ii or b ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26967_3127.gif
Figure 8. Wave counting on 120 min chart, v.2.
Wave ii or b ending is not confirmed yet, though according to the wave picture it is possible.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives [*]FOREX Forecast for 2007 [*]Monthly-0507[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comJune 1, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory.
Introduction
The survey wave counting adjusted on the basis of the last changes in the FOREX market and forecasts for June are given in Monthly-0607. Local correction is supposed to be forming. That is why open positions in favor of the dollar (see Daily-300507 and Daily-310507) should be better closed till supposed wave (b) of of W of (c) ends.
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26990_3153.gif
Figure 1. Wave counting on 480 min chart.
According to the main scenario wave (b) is forming. It is assuming the shape of the flat or double three. If the supposition is correct wave c of (b) will be forming till the end of the week with the projected value around 1.35.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26990_3154.gif
Figure 2. Wave counting on 120 min chart.
Two zigzags a of (b) and b of (b) of supposed flat (b) have been already completed. It is quite logic to expect that upward wave c of (b) will assume the shape of the impulse or diagonal triangle.
2. GBP/USDFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26990_3155.gif
Figure 3. Wave counting on 480 min chart.
According to the main scenario wave (b) is forming. It is assuming the shape of the zigzag. If the supposition is correct wave c of (b) will be forming till the end of the week with the projected value around 2.00.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26990_3156.gif
Figure 4. Wave counting on 120 min chart.
Wave a of (b) has assumed the shape of the impulse. It is quite logic to expect that upward wave c of (b) will assume the shape of the impulse or diagonal triangle.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26990_3157.gif
Figure 5. Wave counting on 480 min chart.
According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward movement in the narrow trend channel.
http://www.alpari-forex.com/files/pic/docs/4/26990_3158.gif
Figure 6. Wave counting on 120 min chart.
Price upward thrust followed triangle (iv). It may be equal the height of triangle (iv). Crossing of the upper edges of the channels is also projected around 122.50.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/26990_3159.gif
Figure 7. Wave counting on 480 min chart.
According to the main scenario wave (b) is forming. It is assuming the shape of the flat or double three. If the supposition is correct wave c of (b) will be forming till the end of the week with the projected value around 1.22.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/26990_3160.gif
Figure 8. Wave counting on 120 min chart.
Two zigzags a of (b) and b of (b) of supposed flat (b) have been already completed. It is quite logic to expect that downward wave c of (b) will assume the shape of the impulse or diagonal triangle.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives [*]FOREX Forecast for 2007 [*]Monthly-0607[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comJune 4, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27007_3178.gif
Figure 1. Wave counting on 480 min chart.
According to the main scenario wave (b) is forming. It is assuming the shape of the flat or double three. If the supposition is correct wave c of (b) may reach 1.3550.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/27007_3179.gif
Figure 2. Wave counting on 120 min chart.
Wave c of (b) is supposed to be assuming the shape of the impulse, the flat follows the flat alternation guidelines — Complex-MostComplex-Simple (see table 4-2 of my book).
2. GBP/USDFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27007_3180.gif
Figure 3. Wave counting on 480 min chart.
According to the main scenario correction (b) is forming. It is assuming the shape of the zigzag. If the supposition is correct wave c of (b) may reach 2.00.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/27007_3181.gif
Figure 4. Wave counting on 120 min chart.
Wave c of zigzag (b) is assuming the shape of the impulse. It is quite logic to suppose that the legs of the zigzag in accordance with the fibo correlation 0.78-1.27 will be almost equal.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27007_3182.gif
Figure 5. Wave counting on 480 min chart.
According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward movement in the narrow trend channel.
http://www.alpari-forex.com/files/pic/docs/4/27007_3183.gif
Figure 6. Wave counting on 120 min chart.
In the chart two possible variants of the wave counting marking of this part is given. The depth of the forming correction may suppose which scenario the price will choose.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27007_3184.gif
Figure 7. Wave counting on 480 min chart.
According to the main scenario correction (b) is forming. It is assuming the shape of the flat. If the supposition is correct wave c of (b) may reach 1.22-.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/27007_3185.gif
Figure 8. Wave counting on 120 min chart.
Wave c of (b) is supposed to be assuming the shape of the impulse, the flat follows the flat alternation guidelines — MostComplex-Complex-Simple (see table 4-2 of my book).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives [*]FOREX Forecast for 2007 [*]Monthly-0607[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comJune 5, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory
1. EUR/USDFor EUR survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27017_3204.gif
Figure 1. Wave counting on 480 min chart.
According to the main scenario correction (b) is almost completed. It is assuming the shape of the extended flat. Price has reached the projected value at 1.3550.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/27017_3205.gif
Figure 2. Wave counting on 120 min chart.
Wave c of (b) is supposed to be assuming the shape of the impulse, the flat follows the flat alternation guidelines — Complex-MostComplex-Simple (see table 4-2 of my book). Several final waves of impulse c of (b) must form to complete correction (b).
2. GBP/USDFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27017_3206.gif
Figure 3. Wave counting on 480 min chart.
According to the main scenario correction (b) is almost completed. It is assuming the shape of the zigzag with its legs almost equal by length. If the supposition is correct wave c of (b) may reach 2.00.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/27017_3207.gif
Figure 4. Wave counting on 120 min chart.
Wave c of zigzag (b) is assuming the shape of the impulse. Several final legs must form for the impulse to be completed. It is quite logic to suppose that the legs of the zigzag will be almost equal in accordance with the fibo correlation 0.78-1.27.
3. USD/JPYFor survey wave counting of this currency refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27017_3208.gif
Figure 5. Wave counting on 480 min chart.
According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward movement in the narrow trend channel.
http://www.alpari-forex.com/files/pic/docs/4/27017_3209.gif
Figure 6. Wave counting on 120 min chart.
In the chart two possible variants of wave counting marking of this part is given. The sixth wave of correction is supposed to be forming in the shape of the zigzag. It is quite logic to suppose that the legs of the zigzag will be almost equal in accordance with the fibo correlation 0.78-1.27.
4. USD/CHFFor CHF survey wave counting refer to Annual-07, Monthly-0607 and article Check Point, Intermediate Results and Nearest Perspectives. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/4/27017_3210.gif
Figure 7. Wave counting on 480 min chart.
According to the main scenario correction (b) is almost completed. It is assuming the shape of the flat. Price has reached the projected value at .22-.
Wave (B) ending is the critical level for this variant.
http://www.alpari-forex.com/files/pic/docs/4/27017_3211.gif
Figure 8. Wave counting on 120 min chart.
Wave c of (b) is supposed to be assuming the shape of the impulse, the flat follows the flat alternation guidelines — MostComplex-Complex-Simple (see table 4-2 of my book). Several final waves of impulse c of (b) must form to complete correction (b).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer[*]Possible nearest perspectives of the main currency pairs (EWA)[*]Check point. USD fall may continue till May 2007[*]Check point. Normal flight.[*]Possible Perspectives of the European Currencies for 2007[*]Nearest CAD Perspectives (USD/CAD)[*]Never-ending Ascension (EUR/JPY)[*]Check Point, Intermediate Results and Nearest Perspectives [*]FOREX Forecast for 2007 [*]Monthly-0607[*]Wave analysis[*]Elliott's Code: Wave Analysis of the FOREX Market[*]Wave Counting Marking[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comJune 6, 2007When using any part of the article for publication or analytical materials reference to the author and Alpari Ltd. is obligatory