Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
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Figure 2. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that correction b of (a) is completed already. In this case the second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. 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 1.
Supposedly the ending wave of impulse A? projection of which is approximately equal by length to the first wave of A is completing . At the same time it isn’t ruled out that only wave (v) of is completing.
We should wait for the confirmation of the completion of impulse of A of (E) before forecasting the depth and shape of the expected subsequent correction B of (E).
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Figure 4. Wave counting on 120 min chart. Variant 1.
One of the possible variants of counting of downward impulse is given in the Figure. I expect a confirmation of its completion in the near-term.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. 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 1.
The descending diagonal triangle may be completed. The ending of its wave is the critical level for this supposition. The ending of the first upward wave ? after the diagonal triangle is its confirmatory level.
As long as price isn’t fixed above the confirmatory level the alternate variant remains valid. It supposes further forming of double/triple downward zigzag . Such a variant doesn’t contradict the expectations set out in the article Possible trade with an excellent profit/risk correlation.
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Figure 6. Wave counting on 120 min chart. Variant 1.
Sequence of waves 1-2, 1-2 may be forming. After the completion of supposed wave ? the upward trend should be expected to resume.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29687_7616.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
We should wait for the confirmation of the completion of wave a of (a) of before forecasting the depth and shape of the expected correction b of (a) of .
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Figure 8. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that correction b of (a) is completed already. In this case the second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient ).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 13, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
1) The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
2) Taking into consideration some indefiniteness of wave picture on smaller time-frames it is better to trail protective stop orders in positions opened in favor of the dollar or even to close them with small profit.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29696_7637.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29696_7638.gif
Figure 2. Wave counting on 480 min chart. Variant 1.
Supposedly either wave of impulse A? or its first subwave (i) of is completed. Further price rise will speak in favor of the completion of wave of A?.
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Figure 3. Wave counting on 120 min chart. Variant 1.
One of the possible variants of counting is given in the Figure.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29696_7640.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations.
The descending diagonal triangle may be completed. The ending of its wave is the critical level for this supposition. The ending of the first upward wave ? after the diagonal triangle is its confirmatory level.
As long as price isn’t fixed above the confirmatory level the alternate variant remains valid. It supposes further forming of double/triple downward zigzag . Such a variant doesn’t contradict the expectations set out in the article Possible trade with an excellent profit/risk correlation.
http://www.alpari-forex.com/files/pic/docs/8/29696_7641.gif
Figure 5. Wave counting on 120 min chart. Variant 1.
Sequence of waves 1-2, 1-2 may have formed. After the completion of supposed wave ? the upward trend should be expected to resume.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29696_7647.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient ).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 14, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29710_7663.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29710_7664.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
Correction b of (a) may be assuming the shape of a triple zigzag. If this supposition is true its completion should be expected in the near term.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29710_7665.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Supposedly impulse A? is completed. If the supposition is true wave B? may assume a zigzag shape and reach 38%..50% of limits.
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Figure 4. Wave counting on 120 min chart. Variant 1.
Supposedly upward impulse of B is completing.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29710_7667.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations.
If price fixes above the confirmatory level it will be the confirmation of this variant of counting. But a stockade of wave that formed within a month a practically horizontal knot allows its alternate interpretation (refer to the Figures below).
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Figure 6. Wave counting on 480 min chart. Variant 1.
It isn’t ruled out that the ending wave of diagonal triangle hasn’t completed yet. Such a variant doesn’t contradict the expectations set out in the article Possible trade with an excellent profit/risk correlation .
But in this case traders who opened positions on the basis of the above mentioned article should be ready for price decline to the ~ 104 mark.
In this case each trader in accordance with the parameters of his account and accepted trading strategy should choose on his own what to do: wait out a possible price decline (it is good that swaps are positive), close positions now with considerable profit (refer to the Figure below) and reopen positions when price rises again or simply trail protective stop to the breakeven area.
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Figure 7. The current value of long positions.
Long positions were open a month ago after the article Possible trade with an excellent profit/risk correlation was released and in accordance with the recommendations given in it.
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Figure 8. Wave counting on the daily chart. Variant 1a.
Possible scenario of diagonal triangle C of (B) forming is given in the Figure above.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 9 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29710_7671.gif
Figure 9. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29710_7672.gif
Figure 10. Wave counting on 120 min chart. Variant 1.
Correction b of (a) may be assuming the shape of a wave flat. If this is thecase its completion should be expected 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 15, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Preview
For the last several months I received a great number of letters with a request to continue counting of JPY cross pairs. But in these currency pairs (and not only in them!) the situation is rather nontrivial and an attempt of a simple search of possible variants in each pair separately wouldn’t give an idea of the wave picture in whole.
As a result of searching a solution of this problem I decided to test a mathematical modeling approach within EWA. That’s why this week I’m planning to complete calculations and release an article where the approach itself will be described briefly and an attempt will be made to forecast possible and interrelated price movement until the end of 2009 of the following 10 currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY, GBP/JPY, CHF/JPY, EUR/CHF, EUR/GBP, GBP/CHF.
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29730_7701.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29730_7702.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
Supposedly correction b of (a) has assumed the shape of a triple zigzag and is completed. If this is the case price decline should be expected in the near term.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29730_7703.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
The last upward movement has never formed in the shape of an impulse (refer to Figure 4 in Daily-150208), that allows to consider it to be a corrective structure. In this connection the current counting is changed too.
Supposedly wave of a big downward impulse continues forming while wave (b) of is assuming the shape of a zigzag.
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Figure 4. Wave counting on 120 min chart. Variant 1.
The second leg c of (b) of zigzag (b) of may be forming. If this is the case the price decline should be expected in the near term.
3 USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29730_7705.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario.
http://www.alpari-forex.com/files/pic/docs/8/29730_7706.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
Supposedly either an upward wedge (wave (i)?), or sequence of upward waves 1-2, 1-2 is forming. If this is the case the further price rise should be expected in the both cases.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29730_7707.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29730_7708.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Correction b of (a) may have assumed the shape of a wave flat and is completed. If this is the case a price rise should be expected 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 18, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Preview
For the last several months I received a great number of letters with a request to continue counting of JPY cross pairs. But in these currency pairs (and not only in them!) the situation is rather nontrivial and an attempt of a simple search of possible variants in each pair separately wouldn’t give an idea of the wave picture in whole.
As a result of searching a solution of this problem I decided to test a mathematical modeling approach within EWA. That’s why this week I’m planning to complete calculations and release an article where the approach itself will be described briefly and an attempt to forecast possible and interrelated price movements until the end of 2009 of the following 10 currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY, GBP/JPY, CHF/JPY, EUR/CHF, EUR/GBP, GBP/CHF..
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate. .
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29739_7721.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29739_7722.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
But so far there is no confirmation of the completion of triple zigzag b of (a), that suggests insistently its further forming.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29739_7723.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Supposedly wave of a big downward impulse continues forming while wave (b) of is assuming the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/8/29739_7724.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
The second leg c of (b) of zigzag (b) of may be forming. If this is the case further price decline should be expected.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29739_7725.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario. Probably it will happen only after correction (ii) forms.
http://www.alpari-forex.com/files/pic/docs/8/29739_7726.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
Supposedly either an upward wedge (wave (i)?) or sequence of upward waves 1-2, 1-2 is forming. In the both cases further price rise should be expected if the supposed wave iv? is completed.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29739_7727.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29739_7728.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Supposedly correction b of (a) has assumed the shape of a wave flat and is completed. If this is the case further price rise should be expected.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 19, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Preview
For the last several months I received a great number of letters with a request to continue counting of JPY cross pairs. But in these currency pairs (and not only in them!) the situation is rather nontrivial and an attempt of a simple search of possible variants in each pair separately wouldn’t give an idea of the wave picture in whole.
As a result of searching a solution of this problem I decided to test a mathematical modeling approach within EWA. That’s why this week I’m planning to complete calculations and release an article where the approach itself will be described briefly and an attempt to forecast possible and interrelated price movements until the end of 2009 of the following 10 currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY, GBP/JPY, CHF/JPY, EUR/CHF, EUR/GBP, GBP/CHF.
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29755_7746.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29755_7747.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
The supposed correction b of (a) has reached the 62% mark which is an optimal value for a retracement. The wave structure doesn’t rule out that a double zigzag with a triangle in the form of a wave-link of b and with approximately equal legs и of b is forming. For its completion only the ending wave 5 of (C) of of b is needed.
If this is the case the price decline in the near term should be expected.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29755_7748.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Supposedly wave of a big downward impulse continues forming while wave (b) of is assuming the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/8/29755_7749.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
The second leg c of (b) of zigzag (b) of may be forming. If this is the case price decline below the 1.94 mark should be expected.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29755_7750.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario. Probably it will happen only after correction (ii) forms.
http://www.alpari-forex.com/files/pic/docs/8/29755_7751.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
”> Supposedly either an upward wedge (wave (i)?) or sequence of upward waves 1-2, 1-2 is forming. In the both cases further price rise should be expected if the supposed wave iv? is completed.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29755_7752.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29755_7753.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
The last upward movement didn’t form the supposed impulse (refer to Daily-190208). Instead of the supposed impulse correction led to changing the current counting leaving expectations intact in whole.
Correction b of (a) may be completing in the shape of a double three. If this is the case price rise should be expected 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 20, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Preview
The article about possible and interrelated price movement of 10 currency pairs EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY, GBP/JPY, CHF/JPY, EUR/CHF, EUR/GBP, GBP/CHF, will be released in the next few days.
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29763_7766.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29763_7767.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
The supposed correction b of (a) has reached the 62% mark which is an optimal value for a retracement, but so far there is no confirmation of its completion. The wave structure doesn’t rule out that a double zigzag with a triangle in the form of wave-link of b and approximately equal legs и of b is forming.
If this is the case price decline should be expected in the near term.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29763_7768.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Wave of a big downward impulse may continue forming while wave (b) of may be assuming the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/8/29763_7769.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
The second leg c of (b) of zigzag (b) of may be completing.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29763_7770.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario. Probably it will happen only after correction (ii)? forms.
http://www.alpari-forex.com/files/pic/docs/8/29763_7771.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
Upward wedge (i)? may be forming.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29763_7772.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
http://www.alpari-forex.com/files/pic/docs/8/29763_7773.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
The supposed correction b of (a) has reached the 62% mark which is an optimal value for a retracement, but so far there is no confirmation of its completion. The wave structure doesn’t rule out that a double three with a triangle in the form of wave-link (B) of of b is forming.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 21, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Preview
The article about possible and interrelated price movement of 10 currency pairs EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY, GBP/JPY, CHF/JPY, EUR/CHF, EUR/GBP, GBP/CHF, will be released in the next few days.
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather complicated.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29775_7786.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
The supposed correction b of (a) has reached the 78% mark — the maximum value for a retracement, but so far there is no confirmation of its completion.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29775_7787.gif
Figure 2. Wave counting on 480 min chart. Variant 1.
Wave of a big downward impulse may continue forming. Wave (b) of of this impulse has assumed the shape of a zigzag.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29775_7788.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario. Probably it will happen only after correction (ii)? forms.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29775_7789.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
The supposed correction b of (a) has reached the 62% mark — an optimal value for a retracement but so far there is no confirmation of its completion.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Preview
The article System of equations with an endless number of solutions , which describes possible and interrelated price movement of the following 10 currency pairs EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY, GBP/JPY, CHF/JPY, EUR/CHF, EUR/GBP, GBP/CHF is released.
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29794_7836.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
The supposed correction b of (a) has reached the 78% mark — the maximum value for a retracement, but so far there is no confirmation of its completion.
http://www.alpari-forex.com/files/pic/docs/8/29794_7837.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
Revising periodically variants of counting I try to simplify them In this case I managed to simplify the counting of wave b of (a) to a simple zigzag with approximately equal legs. If the supposition is true the confirmation of its completion should be expected in the near term.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29794_7838.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Wave of a big downward impulse may continue forming. Wave (b) of of this impulse has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/8/29794_7839.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Supposedly an upward wave (c) of is forming which may be an impulse or a diagonal triangle or a three.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29794_7840.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario.
http://www.alpari-forex.com/files/pic/docs/8/29794_7841.gif
Figure 6. Wave counting on the daily chart. Variant 1-2.
But scenario 1-2, considered earlier and confirmed by calculations given in the article System of equations with an endless number of solutions , doesn’t rule out further forming of a downward diagonal triangle C.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29794_7842.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
The supposed correction b of (a) has reached the 62% mark — an optimal value for a retracement but so far there is no confirmation of its completion.
http://www.alpari-forex.com/files/pic/docs/8/29794_7843.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Wave b of (a) itself may have assumed the shape of a double zigzag. If this is the case a confirmation of its completion should be expected 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation System of equations with an endless number of solutions [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 25, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
The expected local correction of the European currencies in favor of the dollar may last until the second half of April 2008 and be rather intricate.
At the moment the wave picture in the currency pairs under consideration looks contradictive confirming once again that we are in the corrective phase of the market.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29805_7852.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of might be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first leg (perhaps in terms of Fibonacci coefficient).
The supposed correction b of (a) has reached the 78% mark — the maximum value for a retracement, but so far there is no confirmation of its completion.
http://www.alpari-forex.com/files/pic/docs/8/29805_7853.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
Upward zigzag b of (a) may be completing. If this is the case a confirmation of its completion should be expected in the near term.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29805_7854.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Wave of a gig downward impulse may continue forming. Wave (b) of of this impulse has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/8/29805_7855.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Supposedly upward wave (c) of , which can be an impulse a diagonal triangle or a three, is forming. After the supposed correction b of (c) is completed the upward trend should be expected to continue.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29805_7856.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario.
http://www.alpari-forex.com/files/pic/docs/8/29805_7857.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
So far the wave structure of the last knot corresponds to an upward wedge. If this is the case after its completion a retracement of wave (ii) to the 107 level should be expected.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29805_7858.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming, but it is premature to speak of its shape. Its first wave (a) of may be assuming a zigzag shape.
The second leg c of (a) of the supposed zigzag (a) of may be comparable by length with its first wave (perhaps in terms of Fibonacci coefficient).
The supposed correction b of (a) has reached the 62% mark — an optimal value for a retracement but so far there is no confirmation of its completion.
http://www.alpari-forex.com/files/pic/docs/8/29805_7859.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Wave b of (a) itself may have assumed the shape of a double zigzag. If this is the case a confirmation of its completion should be expected 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation System of equations with an endless number of solutions [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 26, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
The strengthening of the European currencies against the dollar hasn’t changed the long-term and mid-term expectations but implies some updating of the current wave counting. Possible variants will be considered in detail in the March monthly forecast.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29813_7876.gif
Figure 1. Wave counting on the daily chart. Variant 1.
Practically horizontal wave structure that has been forming since the end of the last year is running slightly against the dollar and leaves room for several acceptable variants of counting.
Taking into consideration that price managed to build up the last supposed upward zigzag to an impulse (refer to the Figure below), it isn’t ruled out that at the moment impulse of C completes forming. If this is the case the expected correction (wave ) will continue sideways price movement until the second half of April.
http://www.alpari-forex.com/files/pic/docs/8/29813_7877.gif
Figure 2. Wave counting on 480 min chart. Variant 1.
Wave (iv) of may have assumed the shape of a double three and at the moment impulse (v) of may be completing.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29813_7878.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Supposedly wave of a big downward impulse continues forming. At the moment it has assumed the shape of a double three and probably it is close to its completion. At the same time it may continue forming and assume the form of an extended horizontal correction. Anyway the expected price movement after the completion of zigzag (c) of — is downward.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29813_7879.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
For the last month practically horizontal but ambiguous knot has formed allowing different interpretations. If price fixes above the confirmatory level it will be the confirmation of the accepted scenario.
http://www.alpari-forex.com/files/pic/docs/8/29813_7880.gif
Figure 5. Wave counting on the daily chart. Variant 1.
At the same time the unwillingness of price to move upward doesn’t allow so far to speak of the completion of diagonal triangle C of (B) with confidence. One of the possible alternate variants is given in the Figure.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 6 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29813_7881.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming but it is premature to speak of its shape. It isn’t ruled out that it will be an extended horizontal correction that will last until the second half of April.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation System of equations with an endless number of solutions [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 27, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
The strengthening of the European currencies against the dollar hasn’t changed the long-term and mid-term expectations but implies some updating of the current wave counting. Possible variants will be considered in detail in the March monthly forecast.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29828_7895.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
Supposedly at the moment impulse of C completes forming. If this is the case the expected correction (wave ) will continue sideways price movement until the second half of April.
http://www.alpari-forex.com/files/pic/docs/8/29828_7896.gif
Figure 2. Wave counting on 60 min chart. Variant 1.
This is one of the possible variants of counting of the ending waves of impulse (v). Supposedly for its completion only ending wave (5) of of v of (v) is needed.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29828_7897.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
It isn’t ruled out that corrective wave of a big downward impulse is completed. At the moment it has assumed the shape of a double three. At the same time it may continue forming and assume the shape of an extended horizontal correction. Anyway the nearest expected price movement is downward.
http://www.alpari-forex.com/files/pic/docs/8/29828_7898.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
This is one of the possible variants of counting of zigzag (c) of . Supposedly zigzag (c) of is completed.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29828_7899.gif
Figure 5. Wave counting on 480 min chart. Variant 1a.
Fears about further forming of a downward diagonal triangle may be confirmed. If this is the case ideally price must fall below the 104.96 mark . But this may not happen as reduced constructions in the Forex market are not rare.
http://www.alpari-forex.com/files/pic/docs/8/29828_7900.gif
Figure 6. Wave counting on 60 min chart. Variant 1a.
This is one of the possible variants of counting of the ending impulse (c) of . Supposedly for its completion only the ending wave v of (c) of is needed.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29828_7901.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
A lasting correction is forming but it is premature to speak of its shape so far. It isn’t ruled out that it will be an extended horizontal correction which will last until the second half of April.
http://www.alpari-forex.com/files/pic/docs/8/29828_7902.gif
Figure 8. Wave counting on 60 min chart. Variant 1.
One of the possible variants of counting of the ending waves of impulse of b. Supposedly for ots completion only the ending wave of 5 of (5) of of b is needed.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation System of equations with an endless number of solutions [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 28, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
The strengthening of the European currencies against the dollar hasn’t changed the long-term and mid-term expectations but implies some updating of the current wave counting. Possible variants will be considered in detail in the March monthly forecast.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0208. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/8/29835_7915.gif
Figure 1. Wave counting on the daily chart. Variant 1.
Supposedly at the moment impulse of C completes forming. Its wave (v) of is approximately equal by length to wave (i) of . If this is the case the expected correction (wave ) will continue sideways price movement until the second half of April.
http://www.alpari-forex.com/files/pic/docs/8/29835_7916.gif
Figure 2. Wave counting on 480 min chart. Variant 1.
The current variant of counting supposes that wave v of (v) of is completing in the form of an extension.
http://www.alpari-forex.com/files/pic/docs/8/29835_7917.gif
Figure 3. Wave counting on 60 min chart. Variant 1.
One of the possible variants of counting of waves of impulse (v) suggests that it is completed. But so far there is no confirmation and that’s why the ending surge of price isn’t ruled out.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0208. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29835_7918.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
Corrective wave of a big downward impulse may be completed. At the moment it has assumed the shape of a double three (w)-(x)-(y). At the same time it may continue forming and assume the shape of an extended horizontal correction. Anyway the nearest expected price movement is downward.
http://www.alpari-forex.com/files/pic/docs/8/29835_7919.gif
Figure 5. Wave counting on 120 min chart. Variant 1.
One of the possible variants of counting of zigzag (y) of supposes that it is completed. We only have to wait for a confirmation.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0208. 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 1a.
The last price decline was supposed and considered in advance in Daily-150208 and in the article Possible trade with an excellent profit/risk correlation
The 103.91 mark remains the critical level for this variant of a big diagonal triangle ----. The accepted scenario will be changed if the price declines below this level.
http://www.alpari-forex.com/files/pic/docs/8/29835_7921.gif
Figure 7. Wave counting on 60 min chart. Variant 1a.
One of the possible variants of counting of the ending impulse (c) of doesn’t rule out its completion in the near term.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0208. Refer to Figure 8 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29835_7922.gif
Figure 8. Wave counting on the daily chart. Alternate variant .
Without cancelling the variant of counting considered yesterday (refer to Daily-280208), I would like to draw your attention to the fact that price decline of such kind fits well into the alternate variant with the extension of wave (v) of , considered a month ago (refer to Monthly-0208).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, January 2008 [*]EUR/USD (Monthly Wave Analysis, January 2008) [*]GBP/USD (Monthly Wave Analysis, January 2008) [*]USD/JPY (Monthly Wave Analysis, January 2008) [*]USD/CHF (Monthly Wave Analysis, January 2008) [*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]Possible Trade with an Excellent Profit-Risk Correlation System of equations with an endless number of solutions [*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comFebruary 29, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
The last dollar decline was considered in detail in the article USD. A pause or the end of a black streak? which was released yesterday.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0308. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29857_7959.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
Upward impulse may be completing. Several ending waves are needed for its completion.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0308. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29857_7960.gif
Figure 2. Wave counting on 480 min chart. Variant 1.
It is quite probable that transforming the ending upward zigzag into impulse (c) of , the supposed wave is assuming the shape of a wave flat.
3 USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0308. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29857_7961.gif
Figure 3. Wave counting on 480 min chart.
The updated variant of counting doesn’t rule out that diagonal triangle ---- is close to its completion.
The price decline below the critical level will lead to asymmetric distortion of the global triangle (refer to the article USD. A pause or the end of the black streak?).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0308. Refer to Figure 4 for the alternate wave counting of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29857_7962.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
Downward impulse may be completing and for its completion several ending waves are needed.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, March 2008 [*]EUR/USD, (Monthly Wave Analysis, March 2008)[*]GBP/USD, (Monthly Wave Analysis, March 2008 [*]USD/JPY, (Monthly Wave Analysis, March 2008[*]USD/CHF, (Monthly Wave Analysis, March 2008[*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]System of equations with an endless number of solutions [*]USD. A pause or the end of a black streak?[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 3, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
The last dollar's decline was considered in detail in the article USD. A pause or the end of a black streak?.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0308. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29866_7971.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
Upward impulse may be completing. Several ending waves are needed for its completion.
http://www.alpari-forex.com/files/pic/docs/8/29866_7972.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that wave (iv) will assume the shape of a zigzag following guideline of alternation.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0308. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29866_7973.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
It is quite probable that transforming the ending upward zigzag into impulse (c) of , the supposed wave is assuming the shape of a wave flat.
http://www.alpari-forex.com/files/pic/docs/8/29866_7974.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
If this is the case several ending waves are needed for the completion of impulse (c) of .
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0308. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29866_7975.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
The updated variant of counting doesn’t rule out that diagonal triangle ---- is close to its completion.
The price decline below the critical level will lead to asymmetric distortion of the global triangle (refer to the article USD. A pause or the end of the black streak?).
http://www.alpari-forex.com/files/pic/docs/8/29866_7976.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
One of the possible variants doesn’t rule out that only several ending waves are needed for the completion of impulse (c) of .
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0308. Refer to Figure 4 for the alternate wave counting of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29866_7977.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
Downward impulse may be completing and for its completion several ending waves are needed.
http://www.alpari-forex.com/files/pic/docs/8/29866_7978.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
If this is the case the completion of impulse should be expected 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, March 2008 [*]EUR/USD, (Monthly Wave Analysis, March 2008)[*]GBP/USD, (Monthly Wave Analysis, March 2008 [*]USD/JPY, (Monthly Wave Analysis, March 2008[*]USD/CHF, (Monthly Wave Analysis, March 2008[*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]System of equations with an endless number of solutions [*]USD. A pause or the end of a black streak?[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 4, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
The last dollar’s decline was considered in detail in the article USD. A pause or the end of a black streak? which was released yesterday.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0308. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29877_7992.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
Upward impulse may be completing. Several ending waves are needed for its completion.
http://www.alpari-forex.com/files/pic/docs/8/29877_7993.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that wave (iv) will assume the shape of a zigzag following guideline of alternation.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0308. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29877_7994.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
It is quite probable that transforming the ending upward zigzag into impulse (c) of , the supposed wave is assuming the shape of a wave flat.
http://www.alpari-forex.com/files/pic/docs/8/29877_7995.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
If this is the case only several ending waves are needed for the completion of impulse (c) of while horizontal triangle iv of (c) which completes forming is a good opportunity to open short term long positions.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0308. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29877_7996.gif
Figure 5. Wave counting on 480 min chart.
It isn’t rules out that diagonal triangle ---- of C is completed.
The price decline below the critical level will lead to a distortion of the geometry of the global triangle (refer to the article USD. A pause or the end of a black streak?).
http://www.alpari-forex.com/files/pic/docs/8/29877_7997.gif
Figure 6. Wave counting on 120 min chart.
One of the possible variants supposes that impulse (c) of is completed.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0308. Refer to Figure 7 for the alternate wave counting of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/8/29877_7998.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
Supposedly downward impulse is completing and for its completion only a pair of ending waves are needed.
http://www.alpari-forex.com/files/pic/docs/8/29877_7999.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
If this is the case the completion of impulse should be expected.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, March 2008 [*]EUR/USD, (Monthly Wave Analysis, March 2008)[*]GBP/USD, (Monthly Wave Analysis, March 2008 [*]USD/JPY, (Monthly Wave Analysis, March 2008[*]USD/CHF, (Monthly Wave Analysis, March 2008[*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]System of equations with an endless number of solutions [*]USD. A pause or the end of a black streak?[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 5, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
Another phase of the dollar's decline is coming to an end (refer to the article USD. A pause or the end of the black streak?).
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0308. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29888_8013.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
Supposedly upward impulse is completing. We only have to wait for the confirmation.
http://www.alpari-forex.com/files/pic/docs/9/29888_8014.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
For the completion of wave , supposedly the ending spurt of price is needed.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0308. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29888_8015.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
The supposed wave is assuming the shape of wave flat.
http://www.alpari-forex.com/files/pic/docs/9/29888_8016.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
For the completion of impulse (c) of the ending spurt of price is needed.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0308. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29888_8017.gif
Figure 5. Wave counting on 480 min chart.
Diagonal triangle ---- of C may be completed.
If price falls below the critical level the geometry of the global triangle will be distorted (refer to the article USD. A pause or the end of a black streak?).
http://www.alpari-forex.com/files/pic/docs/9/29888_8018.gif
Figure 6. Wave counting on 120 min chart.
One of the possible variants of counting supposes that impulse (c) of is completed.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0308. Refer to Figure 7 for the alternate wave counting of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29888_8019.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
Supposedly downward impulse is completing. We only have to wait for the confirmation.
http://www.alpari-forex.com/files/pic/docs/9/29888_8020.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
For the completion of wave , supposedly the ending plunge of price is needed.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, March 2008 [*]EUR/USD, (Monthly Wave Analysis, March 2008)[*]GBP/USD, (Monthly Wave Analysis, March 2008 [*]USD/JPY, (Monthly Wave Analysis, March 2008[*]USD/CHF, (Monthly Wave Analysis, March 2008[*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]System of equations with an endless number of solutions [*]USD. A pause or the end of a black streak?[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 6, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Introduction
1) For the traders who opened long positions in the British pound in accordance with my trading recommendations (refer to Daily-050308) it is high time to think of their closing with a profit of more than 200 pips.
2) Another phase of the dollar's decline is coming to an end (refer to the article USD. A pause or the end of a black streak?).
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0308. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29900_8033.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
Supposedly upward impulse is completing. We only have to wait for the confirmation.
http://www.alpari-forex.com/files/pic/docs/9/29900_8034.gif
Figure 2. Wave counting on 120 min chart. Variant 1.
Supposedly only several ending touches are needed for the completion of wave . In case of extension in the third wave (iii) of impulse approximate equality of waves (i) and (v) of should be expected (refer to Figure 4-26 of my book).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0308. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29900_8035.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
The supposed wave is assuming the shape of a wave flat.
http://www.alpari-forex.com/files/pic/docs/9/29900_8036.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Supposedly only several ending touches are needed for the completion of wave . As waves i and iii in impulse (c) of are approximately equal one should expect approximate equality of waves (i) and (v) of or an extension in wave v of (c) of (refer to Figure 4-26 of my book).
For the traders who opened long positions in accordance with my trading recommendations (refer to Daily-050308) it is high time to think of their closing with a profit of more than 200 pips.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0308. Refer to Figure 5 for the wave counting draft of this currency on 120 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29900_8037.gif
Figure 5. Wave counting on 120 min chart.
The last price decline in impulsive mode has built the supposed zigzag up to an impulse. In this case two main variants of counting on the bigger time frames are possible (refer to Figures below and the article USD. A pause or the end of the black streak?).
http://www.alpari-forex.com/files/pic/docs/9/29900_8038.gif
Figure 6. Wave counting on the daily chart. Variant 1.
Variant 1 supposes further development of the downward wave C in the shape of a diagonal triangle. In this case the supposed wave of C must develop in a corrective mode and may reach the area of the 110..112 marks without breaking the critical level.
http://www.alpari-forex.com/files/pic/docs/9/29900_8039.gif
Figure 7. Wave counting on the daily chart.
In the second case downward zigzag A-B-C completes forming (refer to the article USD. A pause or the end of the black streak?).
The wave structure of the second leg of the zigzag in this case allows to interpret it as a sweeping impulse. An insignificant overlap of the supposed waves and of C permissible in the marginal markets isn’t seen at all in the line chart of the weekly time frame (refer to the Figure below and section 5.1.1 of my book).
http://www.alpari-forex.com/files/pic/docs/9/29900_8040.gif
Figure 8. Wave counting on the weekly chart.
In the line chart of the weekly time frame there is no overlap of waves and of C. Consequently this wave structure may be classified as the supposed impulse.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0308. Refer to Figure 9 for the alternate wave counting of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29900_8041.gif
Figure 9. Wave counting on 480 min chart. Variant 1.
Supposedly downward impulse is completing. We only have to wait for the confirmation.
http://www.alpari-forex.com/files/pic/docs/9/29900_8042.gif
Figure 10. Wave counting on 120 min chart. Variant 1.
Supposedly only several ending touches are needed for the completion of wave . In case of the extension in the third wave (iii) of impulse approximate equality of waves (i) and (v) of should be expected (refer to Figure 4-26 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
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, March 2008 [*]EUR/USD, (Monthly Wave Analysis, March 2008)[*]GBP/USD, (Monthly Wave Analysis, March 2008 [*]USD/JPY, (Monthly Wave Analysis, March 2008[*]USD/CHF, (Monthly Wave Analysis, March 2008[*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]System of equations with an endless number of solutions [*]USD. A pause or the end of a black streak?[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 7, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
Another phase of the dollar's decline is coming to an end (refer to the article USD. A pause or the end of a black streak?).
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0308. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29912_8055.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
The completion of upward impulse isn’t ruled out. We only have to wait for the confirmation of it.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0308. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29912_8056.gif
Figure 2. Wave counting on 480 min chart. Variant 1.
Relative sizes of the supposed wave flat that has been forming since the middle of January don’t rule out that wave B of a large downward zigzag A-B-C is completing. We only have to wait for the confirmation of it.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0308. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/9/29912_8057.gif
Figure 3. Wave counting on the daily chart.
Last Friday the price broke through the critical level 101.67 and at once returned back. Let’s consider what consequences this may have for the further price movement.
http://www.alpari-forex.com/files/pic/docs/9/29912_8058.gif
Figure 4. Monthly chart of USD/JPY.
Strictly speaking the geometry of a multimonth horizontal triangle is distorted as the price declined 27 pips below the previous ending of the main wave of the supposed triangle (though if constitutes only ~0.5% of the length of the first wave). At t he best case this triangle can be represented in the form of a triple three without changing the accepted scenarios. At the worst all the scenarios with this triangle should be reconsidered.
But the fact of a short-term breach of the critical level hasn’t changed the core of the last multimonth wave structure. It remains an extended horizontal correction regardless of how it is marked (A)-(B)-(C)-(D)-(E) or (W)-(X)-(Y)-(X)-(Z) (refer to Tables 3-1 and 3-2 of my book).
At the same time scenarios v.1 and v.1a prove to be open to question and are relegated to the background (refer to the article USD. A pause or the end of a black streak?).
While variants v.1m and v.2 remains valid so far (refer to the article USD. A pause or the end of a black streak?).
Besides taking into consideration unfavorable economic indicators for the dollar scenario v.3 gain weight The review of the bigger Time-Frames (Annual Wave Analysis, 2008)].
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0308. Refer to Figure 5 for the alternate wave counting of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29912_8059.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
The completion of downward impulse isn’t ruled out. We only have to wait for the confirmation of it.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, March 2008 [*]EUR/USD, (Monthly Wave Analysis, March 2008)[*]GBP/USD, (Monthly Wave Analysis, March 2008 [*]USD/JPY, (Monthly Wave Analysis, March 2008[*]USD/CHF, (Monthly Wave Analysis, March 2008[*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]System of equations with an endless number of solutions [*]USD. A pause or the end of a black streak?[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 10, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Introduction
Supposedly another phase of the dollar's decline is coming to an end (refer to the article USD. A pause or the end of a black streak?).
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0308. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29916_8072.gif
Figure 1. Wave counting on 480 min chart. Variant 1.
The completion of upward impulse isn’t ruled out. We only have to wait for the confirmation of it.
If further price movement develops in a corrective mode an alternate variant is possible (it is plotted at the top of the chart).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0308. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29916_8073.gif
Figure 2. Wave counting on 480 min chart. Variant 1.
Relative sizes of the supposed wave flat that has been forming since the middle of January don’t rule out that wave B of a large downward zigzag A-B-C is completed. We only have to wait for the confirmation of it.
If price movement develops in a corrective mode an alternate variant is possible (it is plotted at the top of the chart).
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0308. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29916_8074.gif
Figure 3. Wave counting on 480 min chart.
The completion of downward impulse isn’t ruled out. We only have to wait for the confirmation of it.
If price movement develops in a corrective mode an alternate variant is possible (it is plotted at the top of the chart).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0308. Refer to Figure 4 for the alternate wave counting of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/9/29916_8075.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
The completion of downward impulse isn’t ruled out. We only have to wait for the confirmation of it.
<P class=“clear If further price movement develops in a corrective mode an alternate variant possible (it is plotted at top of the chart).Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, March 2008 [*]EUR/USD, (Monthly Wave Analysis, March 2008)[*]GBP/USD, (Monthly Wave Analysis, March 2008 [*]USD/JPY, (Monthly Wave Analysis, March 2008[*]USD/CHF, (Monthly Wave Analysis, March 2008[*]Imaginary Skewer [*]Let's Analyze Zigzag Wave Construction[*]The Impulsive Decline of the Dollar as One of the Possible Scenarios[*]System of equations with an endless number of solutions [*]USD. A pause or the end of a black streak?[*]Wave Analysis[*]Elliott’s Code: Wave Analysis of the FOREX Market [*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comMarch 11, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory