Introduction
The price does not hurry to strengthen the dollar though it is moving in accordance with the forecast. Local strengthening of the dollar is forming in the shape of the final zigzag (a)-(b)-(c) of of a large correction (see article Let's Analyse Zigzag Wave Construction ). Waves (a) and (b) are supposed to be completed. If the supposition is correct, the second leg (c) of of this zigzag directed in favor of the dollar, may be impetuous and very profitable. We should wait for it to be either disaproved or confirmed.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28467_5700.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The price has specified downward movement which may be the very beginning of the expected fall. The chosen scenario will be confirmed by price fixing below the edge of the trend channel of wave . If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28467_5701.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposedly, wave c of (b) completion was a bit clumsy and the final wave of c of (b) has formed with a truncation. Further downward movement may be the first waves of impulse i of (c) of . If the supposition is correct expected powerful price fall has already started.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28467_5702.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
The price has specified downward movement which may be the very beginning of the expected fall. The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
Slow, almost horizontal forming of the first waves of the expected downward movement worries me.
http://www.alpari-forex.com/files/pic/docs/6/28467_5703.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Supposedly, wave c of (b) completion was a bit clumsy. Further downward movement may be the first waves of impulse i of (c) of . If the supposition is correct expected powerful price fall has already started.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28467_5704.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. Supposedly, wave of c of (y) of has completed in the shape of the zigzag. The critical level for this scenario is given in the chart. Projected targets of supposed wave c of (y) of ending are also marked there.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28467_5705.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
The price has specified upward movement which may be the very beginning of the expected fall. Though it may be just a part of the local horizontal correction. The chosen scenario will be confirmed by price fixing above the edge of the trend channel of wave . If the critical level is broken and downtrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of X ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28467_5706.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Supposedly, wave c of (b) completion was a bit clumsy and the final wave of c of (b) has formed with a truncation. Further upward movement may be the first waves of wedge i of (c) of . If the supposition is correct expected powerful price rally has already started.
Note
Given possible trading plans are pure ly informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 17, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Local strengthening of the dollar is forming in the shape of the final zigzag (a)-(b)-(c) of of a large correction (see article Let's Analyse Zigzag Wave Construction ). Wave (b) is still forming though the price is still moving in accordance with the forecast. If the supposition is correct, the second leg (c) of of this zigzag directed in favor of the dollar, may be impetuous and very profitable. We should wait for it to be either disapproved or confirmed.
2) The traders who place orders proactively to catch a new trend, should remember that such a strategy is aggressive, with high risks. In such a case it is simply necessary to place protective stop orders behind that ending of the wave that you supposedly consider to be the turning point of the local or global trend (see article How to Apply EWA Forecasts )
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28518_5719.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Wave (b) of keeps forming. The chosen scenario will be confirmed by price fixing below the edge of the trend channel of wave . If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28518_5720.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
According to a less exotic marking further forming of correction (b) in the shape of the zigzag is possible. If the supposition is correct powerful price fall may be expected in the nearest future.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28518_5721.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Wave (b) of keeps forming. The chosen scenario will be confirmed by price fixing below 2.02 level. If the critical level is broken and uptrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of XX ending are also marked there.
Slow, almost horizontal forming of the first waves of the expected downward movement worries me.
http://www.alpari-forex.com/files/pic/docs/6/28518_5722.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
The marking synchronous with the euro supposes that correction (b) will keep forming in the shape of the double three or extended correction. If the supposition is correct powerful price fall may be expected in the nearest future.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28518_5723.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart. Supposedly, wave of c of (y) of has completed in the shape of the zigzag. RSI is an additional argument in favor of the expected upward movement.
The critical level for this scenario is given in the chart. Projected targets of supposed wave c of (y) of ending are also marked there.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28518_5724.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Wave (b) of keeps forming. The chosen scenario will be confirmed by price fixing above the edge of the trend channel of wave . If the critical level is broken and downtrend continues one of the alternate scenarios may turn preferable.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007). Projected targets of wave (c) of of X ending are also marked there.
http://www.alpari-forex.com/files/pic/docs/6/28518_5725.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
The adjusted marking supposes that correction (b) will keep forming in the shape of the double three or extended correction. If the supposition is correct a powerful price rally may be in store for us.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 18, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Yesterday’s modest strengthening of the dollar was of a corrective style and hasn’t influenced expectations on the whole (see the article Let's Analyze Zigzag Wave Construction ). The knot that has been forming on the charts since the beginning of the month looks like a sear string stretched before a shot.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28544_5753.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX, which may be assuming the shape of a wave flat, keeps forming.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28544_5754.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Correction (b) of in the shape of zigzag is ending. If the supposition is correct, a powerful price fall may be expected in the nearest future.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28544_5755.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX which may be assuming the shape of a wave flat, keeps forming.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28544_5756.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
The updated variant of counting doesn’t exclude that the correction (b) in the shape of zigzag is ending. If the supposition is correct, a powerful price fall may be expected in the nearest future.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28544_5757.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The yen price movement synchronous with the European currencies suggests several alternate variants of counting, one of them is given in the chart (it was considered in Monthly-1007). The critical level for this scenario is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28544_5758.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Wave of X, which may be assuming the shape of a wave flat, keeps forming.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28544_5759.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Correction (b) of in the shape of zigzag is ending. If the supposition is correct a powerful price rally may be in store for us.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 19, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Probably, the global correction of the European currencies (wave XX or X), described in detail in the article Let’s Analyze Zigzag Wave Construction, decided to form its ending wave in the shape of an expanded wave flatр. If the supposition is true we may expect local strengthening of the dollar in the near term. Otherwise we will have to reconsider the current scenario.
2) The traders who place orders proactively to catch a new trend, should remember that such strategy is aggressive, with high risks. In such case it is simply necessary to place protective stop orders behind that ending of the wave that you supposedly consider to be the turning point of the local or global trend (see article How to Apply EWA Forecasts )
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28564_5780.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The wave of XX, which may be assuming the shape of an expanding wave flat, keeps forming.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28564_5781.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposedly, the correction (b) of in the form of a zigzag with approximately equal legs has completed. If the supposition is true we may expect a powerful price fall in the near term.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28564_5782.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX which may be assuming the shape of a wave flat, keeps forming.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28564_5783.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
The current variant of counting doesn’t exclude that the correction (b) in the form of a zigzag with approximately equal legs, the latter of which has assumed the shape of a diagonal triangle, has completed. If the supposition is true we may expect a powerful price fall in the near term.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28564_5784.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
The supposed wave may be assuming the shape of a triple zigzag (this scenario was considered in Monthly-1007). The critical level for this variant is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28564_5785.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Wave of X, which may be assuming the shape of a wave flat, keeps forming.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28564_5786.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Supposedly the correction (b) of in the form of a zigzag has completed. If the supposition is true we may expect a powerful price rally in the near term.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 22, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The expected local strengthening of the dollar has begun. Supposedly the global correction of the European currencies (wave XX or X), described in detail in the article Let’s Analyze Zigzag Wave Construction, decided to form its ending wave in the shape of an expanding wave flat.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28575_5802.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The wave of XX, which may be assuming the shape of an expanding wave flat, keeps forming. Taking into consideration the external configuration of waves (a) and (b) of and guidelines of alternation for flats (see the table 4-2 in my book), we may suppose that wave (c) of will form either as a narrow impetuous impulse or as the most sweeping diagonal triangle.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28575_5803.gif
Figure 2. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX which may be assuming the shape of an expanding wave flat, keeps forming. Taking into consideration the external configuration of waves (a) and (b) of and guidelines of alternation for flats (see the table 4-2 in my book), we may suppose that wave (c) of will form either as a narrow impetuous impulse or as the most sweeping diagonal triangle.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28575_5804.gif
Figure 3. Wave counting on 480 min chart. Variant 2.
The supposed wave may be assuming the shape of a triple zigzag (this scenario was considered in Monthly-1007). The critical level for this variant is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28575_5805.gif
Figure 4. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Wave of X, which may be assuming the shape of an expanding wave flat, keeps forming. Taking into consideration the external configuration of waves (a) and (b) of and guidelines of alternation for flats (see the table 4-2 in my book), we may suppose that wave (c) of will form either as a narrow impetuous impulse or as the most sweeping diagonal triangle.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1007).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 23, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Supposedly, the global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, decided to form its ending wave in the shape of an extended flat.
2) Those traders who place advanced orders to catch a new trend should remember that such a strategy is very risky. In this case protective stop-orders should be placed behind the wave ending you consider to be a reversal point of the local or global trend (see article How to Apply EWA Forecasts).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28594_5821.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX, which may be assuming the shape of an extended flat, keeps forming.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28594_5822.gif
Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposed downward wave (c) of may form in the shape of the impulse or diagonal triangle.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28594_5823.gif
Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX which may be assuming the shape of an extended flat, keeps forming.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
http://www.alpari-forex.com/files/pic/docs/6/28594_5824.gif
Figure 4. Wave counting on 120 min chart. Variant 3-alt.
Supposed downward wave (c) of may form in the shape of the impulse or diagonal triangle. The fact that the price is near the critical level worries me.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28594_5825.gif
Figure 5. Wave counting on 480 min chart. Variant 2.
Supposed wave may be assuming the shape of a triple zigzag (this scenario was considered in Monthly-1007). The critical level for this variant is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28594_5826.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Wave of X, which may be assuming the shape of an extended flat, keeps forming.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly -1007).
http://www.alpari-forex.com/files/pic/docs/6/28594_5827.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Supposed upward wave (c) of may form in the shape of the impulse or diagonal triangle.
5. USD/CADCAD is moving in accordance with the forecast, published in article CAD Possible Weakening till the Mid of 2009 (USD/CAD).
http://www.alpari-forex.com/files/pic/docs/6/28594_5828.gif
Figure 8. Wave counting on 360 min chart.
In the picture two possible variants of marking of the final wave 5 of (5) are given. Limits for wave (v) of of 5 lengthening are almost over. If the supposition is correct corrective wave of 5 may start forming in the nearest future. It will aim at 0.99 level, though it should not overcome 1.02 level.
http://www.alpari-forex.com/files/pic/docs/6/28594_5829.gif
Figure 9. Wave counting on the daily chart.
Possible survey marking of the final wave (5) of of CAD is given in the picture.
Note
Given possible trading plans are pure ly informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 24, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Supposedly, the global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, will complete soon.
2) Those traders who place advanced orders to catch a new trend should remember that such a strategy is very risky. In this case protective stop-orders should be placed behind the wave ending you consider to be a reversal point of the local or global trend (see article How to Apply EWA Forecasts)
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28611_5850.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX, which may be assuming the shape of an extended flat, keeps forming.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
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Figure 2. Wave counting on 120 min chart. Variant 3-alt.
Supposed downward wave (c) of may form in the shape of the impulse or diagonal triangle. Wave ii of (c) is assuming the shape of the double zigzag and it is almost completed.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3-alt.
Wave of XX which may assume the shape of an extended flat, keeps forming. Though the fact that the price is near the critical level makes me keep the alternate scenario handy (see the next picture).
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
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Figure 4. Wave counting on 480 min chart. Alternate variant within the frames of scenario 3-alt.
Monday price fall was so deep that it may be considered to be the final wave of the supposed flat. In this case we have a running type of the flat and a supposition that the horizontal correction is completed.
As global correction XX has not reached the calculated edges yet I suppose that wave of XX may keep forming and complete soon.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 2.
Supposed wave may be assuming the shape of a triple zigzag (this scenario was considered in Monthly-1007). The critical level for this variant is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28611_5855.gif
Figure 6. Wave counting on 480 min chart. Local alternate variant of the scenario 3-alt2.
Wave of X, which may be assuming the shape of an extended flat, keeps forming.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly -1007).
http://www.alpari-forex.com/files/pic/docs/6/28611_5856.gif
Figure 7. Wave counting on 120 min chart. Local alternate variant of the scenario 3-alt2.
Supposed upward wave (c) of may form in the shape of the impulse or diagonal triangle. Wave ii of (c) is assuming the shape of the zigzag and it is almost completed.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 25, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
On the whole expectations remain the same. The global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, is almost completed. Though the last corrective construction should be adjusted and confirmed.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1007. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28625_5892.gif
Figure 1. Wave counting on 480 min chart. Variant 3-alt.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1007. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28625_5893.gif
Figure 2. Wave counting on 480 min chart. Variant 3-alt.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28625_5894.gif
Figure 3. Wave counting on 480 min chart. Variant 2.
Supposed wave may be assuming the shape of a triple zigzag (this scenario was considered in Monthly-1007). The critical level for this variant is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1007. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28625_5895.gif
Figure 4. Wave counting on 480 min chart. Variant 3-alt2.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1007).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for October 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 26, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
On the whole expectations remain the same. The global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, is almost completed. Though the last corrective construction suggests several variants of wave counting marking.
At the same time the depth of the expected USD strengthening will allow us to choose one of the equally possible scenarios considered in Monthly-1107.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28652_5954.gif
Figure 1. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28652_5955.gif
Figure 2. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28652_5956.gif
Figure 3. Wave counting on 480 min chart. Variant 2-1.
Supposed wave may be assuming the shape of a triple zigzag (this scenario was considered in Monthly-1107). The critical level for this variant is given in the chart.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28652_5957.gif
Figure 4. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1107).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 29, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
On the whole expectations remain the same. The global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, is almost completed. However the last corrective construction suggests several variants of wave counting marking.
At the same time the depth of the expected USD strengthening will allow us to choose one of the equally possible scenarios considered in Monthly-1107. The expectations of tomorrow's interest rate decision from the US Federal Reserve (on October 31, at 21:15 Msc) add uncertainty.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28661_5987.gif
Figure 1. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/6/28661_5988.gif
Figure 2. Wave counting on 120 min chart. Variant 3-1.
It is not excluded that the upward zigzag (z) of is ending. The project area of its ending is around the mark 1.45.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/6/28661_5989.gif
Figure 3. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/6/28661_5990.gif
Figure 4. Wave counting on 120 min chart. Variant 3-1.
The upward double zigzag (y) of may be completing. The project area of its ending is around the mark 2.07.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 2-1.
A pair of possible scenarios is given in the chart. We have to wait until the wave picture becomes clearer.
4. USD/CHFFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
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Figure 6. Wave counting on 480 min chart. Variant 3-1.
It is not excluded that the supposed downward wave is completing in the shape of somewhat clumsy impulse (c) of with the project area of its ending around the mark 1.16. We have to wait until the wave picture becomes clearer.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/6/28661_5993.gif
Figure 7. Wave counting on 120 min chart. Variant 3-1.
Supposedly the ending wave of the impulse (c) of is also assuming the shape of impulse with the project area of its ending around the mark 1.16.
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.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 30, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
Currently there is a very interesting situation in the market. On the one hand, the wave construction before the local trend reverse in favor of the dollar is fully equipped with the main waves and it is almost completed. On the other hand the Fed is expected to cut the rates today at 21:15 (Moscow time), which may trigger prices abrupt rise against the dollar. And it is going to happen on October 31. Well, it's Halloween.
http://www.alpari-forex.com/files/pic/docs/7/28681_6023.jpg
Halloween
On the whole expectations remain the same. The global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, is almost completed.
At the same time the last corrective construction suggests several variants of wave counting marking. Important financial news release may trigger sharp price movements.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28681_6024.gif
Figure 1. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28681_6025.gif
Figure 2. Wave counting on 120 min chart. Variant 3-1.
Upward zigzag (z) of may be almost completed. The projected area of its ending is around 1.45.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28681_6026.gif
Figure 3. Wave counting on 480 min chart. Variant 3-1.
The finishing corrective knot in the chart may be understood differently, though every interpretation should be confirmed. For this the wave picture should become clearer.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28681_6027.gif
Figure 4. Wave counting on 120 min chart. Variant 3-1.
Upward double zigzag (y) of may be almost completed. The projected area of its ending is around 2.07+.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28681_6028.gif
Figure 5. Wave counting on 480 min chart. Variant 2-1.
Two possible scenarios of further price behaviour are shown in the chart. The wave picture should become clearer.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28681_6029.gif
Figure 6. Wave counting on 480 min chart. Variant 3-1.
Supposed downward wave may be completing in the shape of a bit rough impulse (c) of with the projected area of its ending around 1.16. We should wait for the wave picture to clear up.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28681_6030.gif
Figure 7. Wave counting on 120 min chart. Variant 3-1.
Supposedly, the final wave of impulse (c) of is also assuming the shape of the impulse with the projected area of its ending around 1.16-.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comOctober 31, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) Yesterday the Fed cut the interest rate, but there were no sharp movements in the market. The pairs under consideration reached their projected values and GBP even overcame it (see Daily-301007). The wave construction is almost completed. Though it supposes that the local trend will reverse soon in favor of the dollar. That is why on the whole expectations remain the same. The global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, is almost completed. We should wait for the reversal to be confirmed.
2) Those traders who place advanced orders to catch a new trend should remember that such a tactics is aggressive with high risks. In this case protective stop orders should be placed behind the wave ending your consider to be the reversal point of the local or global trend. (See article How to Apply EWA Forecasts )
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28695_6051.gif
Figure 1. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. Though the wave construction is completed with waves and may be considered to be finished. The price has reached the projected values (see Daily-301007) and formed proportional patterns. These facts as well as positive swaps (on Thursday they are triple) suppose that short positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28695_6052.gif
Figure 2. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. Though the wave construction is completed with waves and may be considered to be finished. The price has reached the projected values (see Daily-301007) and formed proportional patterns. Short positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28695_6053.gif
Figure 3. Wave counting on 480 min chart. Variant 2-1.
Two possible scenarios of further price behaviour are shown in the chart. The wave picture should become clearer.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28695_6054.gif
Figure 4. Wave counting on 480 min chart. Variant 3-1.
The final knot in the chart supposes that the wave construction may complete soon as the pattern is completed with waves. The price has reached the projected values (see Daily-301007) and formed proportional patterns. These facts as well as positive swaps (on Thursday they are triple) suppose that long positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 1, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) The pairs under consideration reached their projected values and GBP even overcame it (see Daily-301007). The wave construction is almost completed. It supposes that the local trend will reverse soon in favor of the dollar. That is why on the whole expectations remain the same. The global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, is almost completed. We should wait for the reversal to be confirmed.
2) Those traders who place advanced orders to catch a new trend should remember that such a tactics is aggressive with high risks. In this case protective stop orders should be placed behind the wave ending your consider to be the reversal point of the local or global trend. (See article How to Apply EWA Forecasts )
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28712_6072.gif
Figure 1. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. Though the wave construction is completed with waves and may be considered to be finished. The price has reached the projected values (see Daily-301007) and formed proportional patterns. These facts as well as positive swaps suppose that short positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28712_6073.gif
Figure 2. Wave counting on 120 min chart. Variant 3-1.
Supposedly, local trend is reversing downwards. I expect it to be confirmed.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28712_6074.gif
Figure 3. Wave counting on 480 min chart. Variant 3-1.
The completing corrective knot in the chart may be understood differently, though every interpretation should be confirmed. At the same time the wave construction is completed with waves and may be considered to be finished. The price has overcome the projected values (see Daily-301007) and formed proportional patterns. Short positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28712_6075.gif
Figure 4. Wave counting on 120 min chart. Variant 3-1.
Supposedly, local trend is reversing downwards. I expect it to be confirmed.
3. 3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28712_6076.gif
Figure 5. Wave counting on 480 min chart. Variant 2-1.
Two possible scenarios of further price behaviour are shown in the chart. The wave picture should become clearer.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28712_6077.gif
Figure 6. Wave counting on 480 min chart. Variant 3-1.
The final knot in the chart supposes that the wave construction may complete soon as the pattern is completed with waves. The price has reached the projected values (see Daily-301007) and formed proportional patterns. These facts as well as positive swaps suppose that long positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28712_6078.gif
Figure 7. Wave counting on 120 min chart. Variant 3-1.
Supposedly, local trend is reversing upwards. I expect it to be confirmed.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 2, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) The price does not hurry to reverse, completing the wave construction. It supposes that the local trend will reverse in the nearest future in favor of the dollar. That is why on the whole expectations remain the same. The global correction of the European currencies (wave XX or X), described in details in article Let's Analyse Zigzag Wave Construction, is almost completed. We should wait for the reversal to be confirmed.
2) Those traders who place advanced orders to catch a new trend should remember that such a tactics is aggressive with high risks. In this case protective stop orders should be placed behind the wave ending your consider to be the reversal point of the local or global trend. (See article How to Apply EWA Forecasts ).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28743_6128.gif
Figure 1. Wave counting on 480 min chart. Variant 3-1.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. Though the wave construction is completed with waves and may be considered to be finished. These facts as well as positive swaps suppose that short positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28743_6129.gif
Figure 2. Wave counting on 120 min chart. Variant 3-1.
It is quite possible that only the last wave should form before the local trend reverses downwards.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28743_6130.gif
Figure 3. Wave counting on 480 min chart. Variant 3-1.
The finishing corrective knot in the chart may be understood differently, though every interpretation should be confirmed. At the same time the wave construction is completed with waves and may be considered to be finished. Short positions may be open.
If price crosses the crimson line in the chart a full correction XX may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28743_6131.gif
Figure 4. Wave counting on 120 min chart. Variant 3-1.
Local trend may have reversed downwards.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28743_6132.gif
Figure 5. Wave counting on 480 min chart. Variant 2-1.
Two possible scenarios of further price behaviour are shown in the chart. The wave picture should become clearer.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28743_6133.gif
Figure 6. Wave counting on 480 min chart. Variant 3-1.
The final knot in the chart supposes that the wave construction may complete soon as the pattern is completed with waves. These facts as well as positive swaps suppose that long positions may be open.
If price crosses the crimson line in the chart a full correction X may form (it was mentioned in Monthly-1107).
http://www.alpari-forex.com/files/pic/docs/7/28743_6134.gif
Figure 7. Wave counting on 120 min chart. Variant 3-1.
It is quite possible that only the last wave should form before the local trend reverses upwards.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 6, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
1) The price does not hurry to reverse, completing the wave construction. This morning fall of the dollar in the thin market emphasizes its final character. It supposes that the local trend will reverse in the nearest future in favor of the dollar. At the same time variant 3-2 becomes more probable. It was described in Monthly-1107.
2) Those traders who place advanced orders to catch a new trend should remember that such a tactics is aggressive with high risks. In this case protective stop orders should be placed behind the wave ending your consider to be the reversal point of the local or global trend. (See article How to Apply EWA Forecasts ).
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28762_6151.gif
Figure 1. Wave counting on the daily chart. Variant 3-2.
The last corrective knot in the chart may be understood differently, though every interpretation should be confirmed. Though the wave construction is completed with waves and may be considered to be finished. These facts as well as positive swaps suppose that short positions may be open.
http://www.alpari-forex.com/files/pic/docs/7/28762_6152.gif
Figure 2. Wave counting on 120 min chart. Variant 3-2.
It is quite possible that only the last wave should form before the local trend reverses downwards.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28762_6153.gif
Figure 3. Wave counting on 480 min chart. Variant 3-2.
The finishing corrective knot in the chart may be understood differently, though every interpretation should be confirmed. At the same time the wave construction is completed with waves and may be considered to be finished. Short positions may be open.
http://www.alpari-forex.com/files/pic/docs/7/28762_6154.gif
Figure 4. Wave counting on 120 min chart. Variant 3-2.
It is quite possible that only the last wave should form before the local trend reverses downwards.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28762_6155.gif
Figure 5. Wave counting on 480 min chart. Variant 2-1.
Two possible scenarios of further price behaviour are shown in the chart. The wave picture should become clearer.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28762_6156.gif
Figure 6. Wave counting on 480 min chart. Variant 3-2.
The final knot in the chart supposes that the wave construction may complete soon as the pattern is completed with waves. These facts as well as positive swaps suppose that long positions may be open.
http://www.alpari-forex.com/files/pic/docs/7/28762_6157.gif
Figure 7. Wave counting on 120 min chart. Variant 3-2.
It is quite possible that only the last wave should form before the local trend reverses upwards.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 7, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The price does not hurry to reverse, completing the wave construction. It supposes that the local trend will reverse in the nearest future in favor of the dollar. At the same time second variants become more probable. It was described in Monthly-1107.
1. UR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28770_6170.gif
Figure 1. Wave counting on the daily chart. Variant 3-2.
The supposed wave construction is fully supplied with waves and may be considered completed. The price is putting the finishing touches before reversing down.
http://www.alpari-forex.com/files/pic/docs/7/28770_6171.gif
Figure 2. Wave counting on 480 min chart. Variant 3-2.
It is not excluded that the local trend has only one last wave to draw before reversing down.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28770_6172.gif
Figure 3. Wave counting on the daily chart. Variant 3-2.
The supposed wave construction is fully supplied with waves and may be considered completed. The price is putting the finishing touches before reversing down.
http://www.alpari-forex.com/files/pic/docs/7/28770_6173.gif
Figure 4. Wave counting on 480 min chart. Variant 3-2.
Probably the local trend has only one last wave to draw before reversing down..
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28770_6174.gif
Figure 5. Wave counting of the daily chart. Variant 2-2.
Supposedly the price preferred the second scenario, considered in Monthly-1107.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28770_6175.gif
Figure 6. Wave counting on the daily chart. Variant 3-2.
The supposed wave construction is fully supplied with waves and may be considered completed. The price is putting the finishing touches before reversing up.
http://www.alpari-forex.com/files/pic/docs/7/28770_6176.gif
Figure 7. Wave counting on 480 min chart. Variant 3-2.
It is not excluded that the local trend has only one last wave to draw before reversing upward.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyze Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 8, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The price is completing the wave construction. Local trend may reverse in favor of the dollar according to the second scenarios, considered in Monthly-1107.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28783_6201.gif
Figure 1. Wave counting on the daily chart. Variant 3-2.
The supposed wave construction is fully supplied with waves and may be considered completed. The price is putting the finishing touches before reversing down.
http://www.alpari-forex.com/files/pic/docs/7/28783_6202.gif
Figure 2. Wave counting on 480 min chart. Variant 3-2.
It is possible that the last wave is finishing before the price reverses downwards.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28783_6203.gif
Figure 3. Wave counting on the daily chart. Variant 3-2.
The finishing wave construction is fully supplied with waves and may be considered completed. The price is putting the finishing touches before reversing down.
http://www.alpari-forex.com/files/pic/docs/7/28783_6204.gif
Figure 4. Wave counting on 480 min chart. Variant 3-2.
It is probable that the last wave is finishing before the price reverses downwards.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28783_6205.gif
Figure 5. Wave counting on the daily chart. Variant 2-2.
Supposedly the price preferred the second scenario, considered in Monthly-1107.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28783_6206.gif
Figure 6. Wave counting on the daily chart. Variant 3-2.
The supposed wave construction is fully supplied with waves and may be considered completed. The price is putting the finishing touches before reversing up.
http://www.alpari-forex.com/files/pic/docs/7/28783_6207.gif
Figure 7. Wave counting on 480 min chart. Variant 3-2.
It is probable that the last wave is finishing before the price reverses upwards.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 9, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
GBP was the first currency to reverse in favor of the dollar. The other European currencies have just specified the beginning of a new local trend.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28800_6220.gif
Figure 1. Wave counting on 480 min chart. Variant 3-2.
The supposed wave construction is fully supplied with waves and may be considered completed. The price has specified the possible downward reverse.
http://www.alpari-forex.com/files/pic/docs/7/28800_6221.gif
Figure 2. Wave counting on 120 min chart. Variant 3-2.
The first waves of a downtrend may be forming.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28800_6222.gif
Figure 3. Wave counting on 480 min chart. Variant 3-2.
The finishing wave construction is fully supplied with waves and may be considered completed. The price has reverse downwards.
http://www.alpari-forex.com/files/pic/docs/7/28800_6223.gif
Figure 4. Wave counting on 120 min chart. Variant 3-2.
Those traders who tried to catch the very beginning of a new downward trend were rewarded for their patience and risk. The price has fallen for more than 350 pips.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28800_6224.gif
Figure 5. Wave counting on the daily chart. Variant 2-2.
Supposedly the price preferred the second scenario, considered in Monthly-1107.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28800_6225.gif
Figure 6. Wave counting on 480 min chart. Variant 3-2.
The supposed wave construction is fully supplied with waves and may be considered completed. The price may have specified the reverse upwards.
http://www.alpari-forex.com/files/pic/docs/7/28800_6226.gif
Figure 7. Wave counting on 120 min chart. Variant 3-2.
The first waves of an upward local trend may be forming.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 12, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The European currencies keep forming local strengthening of the dollar which should be confirmed for the euro and CHF.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28810_6243.gif
Figure 1. Wave counting on 480 min chart. Variant 3-2.
The price has specified possible beginning of a local downtrend.
http://www.alpari-forex.com/files/pic/docs/7/28810_6244.gif
Figure 2. Wave counting on 120 min chart. Variant 3-2.
Supposedly, downward impulse i or (a) is forming.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28810_6245.gif
Figure 3. Wave counting on 480 min chart. Variant 3-2.
The price has specified a local downtrend.
http://www.alpari-forex.com/files/pic/docs/7/28810_6246.gif
Figure 4. Wave counting on 120 min chart. Variant 3-2.
Those traders who tried to catch the very beginning of a new downward trend were rewarded for their patience and risk. The price has fallen for more than 600 pips.
Supposedly, impulse i or (a) has not completed yet.
3. 3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28810_6247.gif
Figure 5. Wave counting on the daily chart. Variant 2-2.
Supposedly the price preferred the second scenario, considered in Monthly-1107.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28810_6248.gif
Figure 6. Wave counting on 480 min chart. Variant 3-2.
The price has specified possible beginning of a local uptrend.
http://www.alpari-forex.com/files/pic/docs/7/28810_6249.gif
Figure 7. Wave counting on 120 min chart. Variant 3-2.
Upward wedge i may be forming.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 13, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory
Introduction
The European currencies keep forming local strengthening of the dollar which should be confirmed for the euro and CHF.
1. EUR/USDFor survey wave counting of EUR refer to Annual-07(2) and Monthly-1107. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28830_6271.gif
Figure 1. Wave counting on 480 min chart. Variant 3-2.
The price has specified possible beginning of a local downtrend. Price fall below 1.43 will confirm this supposition.
http://www.alpari-forex.com/files/pic/docs/7/28830_6272.gif
Figure 2. Wave counting on 120 min chart. Variant 3-2.
Supposedly, corrective wave ii is almost completed.
2. GBP/USDFor survey wave counting of GBP refer to Annual-07(2) and Monthly-1107. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28830_6273.gif
Figure 3. Wave counting on 480 min chart. Variant 3-2.
The price has specified a local downtrend. Price fall below 2.04 will confirm this supposition.
http://www.alpari-forex.com/files/pic/docs/7/28830_6274.gif
Figure 4. Wave counting on 120 min chart. Variant 3-2.
Supposedly, corrective wave ii, which is assuming the shape of the zigzag, is almost completed.
http://www.alpari-forex.com/files/pic/docs/7/28830_6275.gif
Figure 5. Wave counting on 30 min chart. Variant 3-2.
Almost a full set of waves, mutual correlation of legs of supposed zigzag -- of ii and total depth of retracement ii suppose that upward correction will complete soon.
3. USD/JPYFor survey wave counting of JPY refer to Annual-07(2) and Monthly-1107. Refer to Figure 6 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/7/28830_6276.gif
Figure 6. Wave counting on the daily chart. Variant 2-2.
Supposedly downward wave (iii) of of C is forming in accordance with the scenario, considered in Monthly-1107.
4. USD/CHFFor survey wave counting of CHF refer to Annual-07(2) and Monthly-1107. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/7/28830_6277.gif
Figure 7. Wave counting on 480 min chart. Variant 3-2.
The price has specified possible beginning of a local uptrend. Price rise above 1.16 will confirm this supposition.
http://www.alpari-forex.com/files/pic/docs/7/28830_6278.gif
Figure 8. Wave counting on 120 min chart. Variant 3-2.
Supposedly, corrective wave ii is almost completed.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference:
[*]Imaginary Skewer [*]Check point. USD fall may continue till May 2007[*]Never-ending Ascension (EUR/JPY)[*]Nearest Projections of GBP/JPY [*]CAD Possible Weakening till the Mid of 2009 (USD/CAD) [*]Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)[*]EUR/JPY, GBP/JPY[*]Let's Analyse Zigzag Wave Construction[*]FOREX Forecast for 2007[*]FOREX Forecast for the 2nd Half of 2007[*]Wave Analysis for November 2007[*]Wave analysis [*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Wave Counting Marking [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA Forecasts
Dmitry Voznuy
forDmitry@yahoo.comNovember 14, 2007 When using any part of the article for publication or analytical materials reference to the author and Alpari IDC Corp. is obligatory