Last weekend a forecast about possible reversal of the long trend in the pair USD/CAD in the near future was released (refer to the article Possible Ending of the Canadian Dollar’s Decline).
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11830.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition confirms long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/31996_11831.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to build up a pair of waves — and of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/31996_11832.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may complete this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11833.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
The supposed downward zigzag -- of Y? may be completing. If this supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/31996_11834.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to build up a pair of waves — (iv) and (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/31996_11835.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be competed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11836.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
The supposed upward wave of V may be completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/31996_11837.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
A downward structure that has been forming since August may represent impulse 1 or (A). If the supposition is true after the completion of correction 2 or (B) is confirmed the downtrend must continue.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11838.gif
Figure 9. Wave counting on the weekly chart. Variant 3dz.
The supposed upward zigzag -- of Y? may be completing. If the supposition is true a long-term downtrend may be expected form the next week.
http://www.alpari-forex.com/files/pic/docs/12/31996_11839.gif
Figure 10. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to build up a pair of waves — (iv) and (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/31996_11840.gif
Figure 11. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may complete this week. There remains for us to expect the confirmation of this.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 6, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that a week-long strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Local Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. But until the change of the trend against the dollar is confirmed we may speak about this only suppositionally.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11858.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32026_11859.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32026_11860.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11861.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32026_11862.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32026_11863.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11864.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32026_11865.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
A downward structure that has been developing since August may represent impulse A of (W) of the supposed zigzag (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11866.gif
Figure 9. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completing. If the supposition is confirmed a long-term downtrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32026_11867.gif
Figure 10. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32026_11868.gif
Figure 11. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may complete this week. There remains for us to expect the confirmation of this.
5. USD/CADIn the article Possible Ending of the Canadian Dollar’s Decline it was supposed that a considerable decline of USD/CAD would start after the completion of wave C of (4) of in the near term.
http://www.alpari-forex.com/files/pic/docs/12/32026_11869.gif
Figure 12. Wave counting on 60 min USD/CAD chart.
Supposedly wave (v) of of C decided to develop an extension. After its completion it is natural to expect the completion of wave C and a downward reversal of the long-term trend.
http://www.alpari-forex.com/files/pic/docs/12/32026_11870.gif
Figure 13. Wave counting on 720 min USD/CAD chart.
The ending impulse of C of (4) of impulse C of (4) may reach 162% of the length of the first wave of C of (4). After its completion it is natural to expect the completion of wave C and a downward reversal of the long-term trend (if wave of C of (4) doesn’t decide to develop an extension).
http://www.alpari-forex.com/files/pic/docs/12/32026_11871.gif
Figure 14. Wave counting on the weekly USD/CAD chart.
Wave (4) of has already crossed the confirmatory level 1.0930 and entered the territory of wave (1) of , thus confirming indirectly my supposition about the development of wave in the form of an expanding diagonal triangle. The critical level for this scenario remains the terminus of wave (2) of .
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 7, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that a week-long strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Local Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. But until the change of the trend against the dollar is confirmed we may speak about this only suppositionally.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11888.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32037_11889.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the firs wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32037_11890.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11891.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected form the next week.
http://www.alpari-forex.com/files/pic/docs/12/32037_11892.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32037_11893.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11894.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32037_11895.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing.
http://www.alpari-forex.com/files/pic/docs/12/32037_11896.gif
Figure 9. Wave counting on 120 min chart. Variant 3dt.
If the supposition of the structure of impulse C of (W) is true its development may be completed this week. There remains for us to expect the confirmation of this.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11897.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completing. If the supposition is confirmed a long-term downtrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32037_11898.gif
Figure 11. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32037_11899.gif
Figure 12. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 8, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that a week-long strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Local Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. But until the change of the trend against the dollar is confirmed we may speak about this only suppositionally.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11910.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32043_11911.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32043_11912.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11913.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32043_11914.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32043_11915.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11916.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32043_11917.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing.
http://www.alpari-forex.com/files/pic/docs/12/32043_11918.gif
Figure 9. Wave counting on 120 min chart. Variant 3dt.
If the supposition of the structure of impulse C of (W) is true its development may be completed this week. There remains for us to expect the confirmation of this.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11919.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completed. If the supposition is confirmed a long-term downtrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32043_11920.gif
Figure 11. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32043_11921.gif
Figure 12. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 9, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that multi-day strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. At the moment the dollar pair under consideration are moving mixed that may speak indirectly about approaching trend reversal. There remains for us to expect the confirmation of this.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11937.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32050_11938.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32050_11939.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11940.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
The fact that the price reached 4-year low that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32050_11941.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse can prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32050_11942.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11943.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32050_11944.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (x) of .
http://www.alpari-forex.com/files/pic/docs/12/32050_11945.gif
Figure 9. Wave counting on 120 min chart. Variant 3dt.
If the supposition of the structure of impulse C of (W) is true its development may be completed this week. There remains for us to expect the confirmation of this.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11946.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completing. If the supposition is confirmed a long-term downtrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32050_11947.gif
Figure 11. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32050_11948.gif
Figure 12. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 10, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The article released yesterday makes the wave counting of USD/CAD on the large time-frames more precise and doesn’t rule out the beginning of a new stage of the US dollar’s weakening in the nearest future (refer to Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)).
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11988.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is almost completed. If the supposition is confirmed the beginning of a long—term uptrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32073_11989.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/12/32073_11990.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11991.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t rule out that the supposed downward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term uptrend may be expected this week.
The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32073_11992.gif
Figure 5. Wave counting on the daily chart. Variant 1.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/12/32073_11993.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
Supposedly the second keg of Y? of downward zigzag Y? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11994.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32073_11995.gif
Figure 8. Wave counting on the daily chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of .
http://www.alpari-forex.com/files/pic/docs/12/32073_11996.gif
Figure 9. Wave counting on 480 min chart. Variant 3dt.
If the supposition of the structure of zigzag A-B-C of (W) is true it might be completed. The development of a horizontal or upward correction (X) of , which can start this week will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11997.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term downtrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32073_11998.gif
Figure 11. Wave counting on the daily chart. Variant 3dz.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/12/32073_11999.gif
Figure 12. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completed. There remains to expect the confirmation of this. But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzagY?.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 13, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Price movement of currencies on small time-frames remains mixed. The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12012.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completed. If the supposition is confirmed the beginning of a long—term uptrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/13/32080_12013.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/13/32080_12014.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12015.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t rule out that the supposed downward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term uptrend may be expected this week.
The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/13/32080_12016.gif
Figure 5. Wave counting on the daily chart. Variant 1.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/13/32080_12017.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
Supposedly the second keg of Y? of downward zigzag Y? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12018.gif
Figure 7. Wave counting on the weekly chart. Vatiant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/13/32080_12019.gif
Figure 8. Wave counting on the daily chart. Vatiant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of .
http://www.alpari-forex.com/files/pic/docs/13/32080_12020.gif
Figure 9. Wave counting on 480 min chart. Vatiant 3dt.
If the supposition of the structure of zigzag A-B-C of (W) is true it might be completed. The further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12021.gif
Figure 10. Wave counting on the weekly chart. Vatiant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term downtrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/13/32080_12022.gif
Figure 11. Wave counting on the daily chart. Vatiant 3dz.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/13/32080_12023.gif
Figure 12. Wave counting on 480 min chart. Vatiant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completed. There remains to expect the confirmation of this. But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzagY?.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 14, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The reversal of a long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12044.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12045.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12046.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12047.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completed and the first waves of a long-term uptrend are developing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12048.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32103_12049.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32103_12050.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32103_12051.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completed and the first waves of a long-term uptrend are developing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12052.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32103_12053.gif
Figure 1. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32103_12054.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32103_12055.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected. The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of . Further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12056.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12057.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12058.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12059.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? Is completed and the first waves of a long-term downtrend are developing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 15, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12086.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12087.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12088.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12089.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the larger time-frames hasn’t changed. It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completed. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
But so there is no confirmation of the long-term trend reversal and the counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward (the alternate variant of counting at the bottom of the chart).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12090.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32116_12091.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32116_12092.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32116_12093.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completed and the first waves of the long-term uptrend are developing. It isn’t ruled out that the supposed downward zigzag -- of Y? is completed and the first waves of a long-term uptrend are developing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
But do far there is no confirmation of the long-term trend reversal and the wave counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12094.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32116_12095.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32116_12096.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32116_12097.gif
Figure 12. Wave counting on the daily chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of . Further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12098.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12099.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12100.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12101.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
It isn’t ruled out that the supposes upward zigzag -- of Y? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
5. USD/CADIn the article Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF) the long-term trend reversal against the US dollar in the near future was supposed.
http://www.alpari-forex.com/files/pic/docs/13/32116_12102.gif
Figure 17. Wave counting on 120 min USD/CAD chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12103.gif
Figure 18. Wave counting on 720 min USD/CAD chart.
At the moment the wave counting confirms the supposition released earlier but it doesn’t rule out the ending price thrust 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
[*]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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 16, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12123.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12124.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12125.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12126.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the bigger time-frames hasn’t changed. Judging by the internal wave structure the downward zigzag A-B-C of (A)? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term trend reversal and the counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward, and the updated counting on the last two charts show this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12127.gif
Figure 5. Wave counting on daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32136_12128.gif
Figure 6. Wave counting on daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32136_12129.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32136_12130.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Judging by the internal wave structure downward zigzag -- of Y? Is completing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term trend reversal and the counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward, and the updated counting on the last two charts show this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12131.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32136_12132.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32136_12133.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32136_12134.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposes upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of . Further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12135.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12136.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12137.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12138.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
Judging by the internal wave structure the supposed upward zigzag -- of Y? May be completed. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 17, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12169.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12170.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12171.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
The wave counting on the larger time-frames hasn’t changed. Judging by the internal wave structure the downward zigzag A-B-C of (A)? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term reversal and the wave counting on the smaller time-frames doesn’t rule out developing of the ending price thrust down.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12172.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32153_12173.gif
Figure 5. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32153_12174.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
Judging by the internal wave structure the downward zigzag -- of Y? is completing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term reversal and the wave-counting on the smaller time-frames doesn’t rule out developing of the ending price thrust down.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12175.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32153_12176.gif
Figure 8. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32153_12177.gif
Figure 9. Wave counting on 480 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of .
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12178.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12179.gif
Figure 11. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12180.gif
Figure 12. Wave counting on the weekly chart. Variant 3dz.
Judging by the internal wave structure the supposed upward zigzag -- of Y? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI can serve as additional arguments in the favor of the trend reversal against the.
But so far there is no confirmation of the long-term trend reversal and the wave-counting on the smaller time-frames doesn’t rule out developing of the ending price thrust 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
[*]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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 20, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12194.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12195.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12196.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12197.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
Judging by the wave structure of downward zigzag A-B-C of (A)?, the completion of impulse of C of (A)?, and consequently of the whole zigzag A-B-C of (A)? should be expected in the near future. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12198.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32162_12199.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32162_12200.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32162_12201.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Judging by the wave structure of the downward zigzag -- of Y?, the completion of impulse (v) of of Y of (E)?, and consequently of the whole zigzag -- of Y? should be expected. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD and the divergence between the price and RSI, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12202.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32162_12203.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32162_12204.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32162_12205.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V)may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W) — refer to preceeding daily forecasts (for exampleDaily-201008).
But taking into account inconsiderable duration and depth of the last correction (wave 4 of (A)? of in the current Figures), we may suppose that downward impulse (A)?, the first wave 1 of (A) and the third wave 3 of (A) of which are approximately equal, is developing. If the supposition is true the development of wave 5 of (A) may be expected in the form of an extension and with good perspectives for mid-term short positions.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12206.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12207.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12208.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12209.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
Judging by the wave structure of upward zigzag -- of Y, the completion of impulse (v) of of Y, and consequently of the whole zigzag -- of Y should be expected in the near future. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 21, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting on the bigger time-frames speaks of a possible mid-term trend reversal against the US dollar in the near future. But on the smaller time-frames the US dollar’s strengthening hasn’t completed yet. There remains for us to wait patiently for developing of the expecting reversal.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12229.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12230.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12231.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12232.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the bigger time-frames speaks of a possible mid-term trend reversal against the US dollar in the near future (the rise of EUR/USD). The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book), the divergence between the price and RSI, a strong resistance level at 1.3, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
This confirmation will be confirmed if the price fixes beyond the upper border of the channel of impulse of C of (A)? and impulse C of (A)?.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12233.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32180_12234.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32180_12235.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32180_12236.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
The wave counting on the bigger time-frames speaks of a possible mid-term reversal against the US dollar in the near term (the rise of GBP/USD). The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, the divergence between the price and RSI and proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
This supposition will be confirmed of the price fixes beyond the upper border of impulse (v) of of Y of (E)? and impulse of Y of (E)?.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12237.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32180_12238.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32180_12239.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32180_12240.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W) — refer to the preceding daily forecasts (for example Daily-201008).
But taking into account inconsiderable duration and depth of the last correction (wave 4 of (A)? of in the current Figures), it is possible to suppose that a large downward impulse (A)? is developing, the first wave 1 of (A) and the third wave 3 of (A) of which are approximately equal, and at the present wave 4 of (A)? is completing in the form of a horizontal triangle. If the supposition is true the development of wave 5 of (A) may be expected in the form of an extension with good perspectives for mid-term short positions.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12241.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12242.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12243.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12244.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the bigger time-frames speaks of a possible mid-term trend reversal against the US dollar in the near future (the decline of USD/CHF). The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book),the divergence between the price and RSI and proper proportions of the legs of this zigzag can serve as additional arguments in the favor of this supposition.
This supposition will be confirmed if the price fixes beyond the lower border of the channel of impulse (v) of of Y of (A)? and impulse of Y of (A)?.
5. USD/CADIn the article Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF) it was supposed that the long-term trend might reverse against the US dollar in the near future.
http://www.alpari-forex.com/files/pic/docs/13/32180_12245.gif
Figure 17. Wave counting on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12246.gif
Fugure 18. Wave counting on 120 min chart.
At the moment the wave-counting on the smaller time-frames confirms the supposition made earlier. Besides MACD 5-34-5 and RSI(8) doesn’t rule out the possibility of the mid-term reversal against the US dollar (the decline of USD/CAD) in the near future.
There remains to expect the price to fix beyond the lower border of the channel of impulse v of (v) of of C and impulse of C.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The US dollar’s strengthening continues.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12273.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz..
http://www.alpari-forex.com/files/pic/docs/13/32194_12274.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The supposes zigzag A-B-C of (A) completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse of C of (A) and of impulse C of (A).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12275.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32194_12276.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse (v) of of Y and of impulse of Y.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12277.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32194_12278.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
The supposed impulse (A) completes developing (if wave 5 of (A) doesn’t decide to develop an extension). Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse 5 of (A) and impulse (A) itself.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12279.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32194_12280.gif
Figure 8. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse (v) of of Y and of impulse of Y.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 23, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
http://blog.macd.cn/3046241/viewspace-52253
The weakening of the European currencies against the USD continues (EUR/USD, GBP/USD and USD/CHF). At the same time the Japanese yen rises against the USD (USD/JPY). In total all these cause almost vertical decline of JPY cross rates i.e. impetuous strengthening of the yen against the European currencies (EUR/JPY and GBP/JPY). The beginning point of this decline was rather precisely forecasted this summer (refer to the articles A Rare Form of Zigzag (EURJPY) and Variety of Variants for GBP/JPY ).
But the main question at the moment is to determine possible depth of the decline of the European currencies and of the strengthening of the USD and JPY, as well as their further price movement (EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY и GBP/JPY). The article I’m working on that will be released in the next few days will be devoted to these questions. 1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32207_12298.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32207_12299.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The supposes zigzag A-B-C of (A) completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse of C of (A) and of impulse C of (A).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32207_12300.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32207_12301.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
Zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse (v) of of Y and of impulse of Y.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32207_12302.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32207_12303.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
The supposed impulse (A) completes developing (if wave 5 of (A) doesn’t decide to develop an extension). Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse 5 of (A) and impulse (A) itself.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32207_12304.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32207_12305.gif
Figure 8. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse (v) of of Y and of impulse of Y.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 24, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The weakening of the European currencies against the USD (EUR/USD, GBP/USD and USD/CHF) continues. At the same time the Japanese yen continues strengthening against the USD (USD/JPY). In total all these cause almost vertical decline of JPY cross rates i.e. impetuous strengthening of the yen against the European currencies (EUR/JPY and GBP/JPY). The beginning point of this decline was rather precisely forecasted this summer (refer to the articles A Rare Form of Zigzag (EURJPY) and Variety of Variants for GBP/JPY ).
But the main question at the moment is to determine possible depth of the decline of the European currencies and of the strengthening of the USD and JPY, as well as their further price movement (EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY и GBP/JPY). The article I’m working on that will be released in the next few days will be devoted to these questions.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32224_12330.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32224_12331.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The development of the supposed zigzag A-B-C of (A) is completing. Its completion will be confirmed if the price fixes beyond the upper channel of impulse of C of (A) and of impulse C of (A).
The updated wave counting doesn’t rule out further decline of EUR/USD after a short correction.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32224_12332.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32224_12333.gif
Figure 4. Wave counting on 480 min chart. Variant 1.
The development of zigzag -- of Y is completing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse (v) of of Y and of impulse of Y.
The updated counting doesn’t rule out further decline of GBP/USD after a short correction.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32224_12334.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32224_12335.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
The supposed impulse (A) completes developing (if wave 5 of (A) doesn’t decide to develop an extension). Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse 5 of (A) and impulse (A) itself.
The updated counting doesn’t rule out further decline of USD/JPY after a short correction.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32224_12336.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32224_12337.gif
Figure 8. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse (v) of of Y and of impulse of Y.
The updated counting doesn’t rule out further rise of USD/CHF after a short correction.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 27, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The weakening of the European currencies against the USD (EUR/USD, GBP/USD and USD/CHF) continues. At the same time the Japanese yen continues strengthening against the USD (USD/JPY). In total all these cause almost vertical decline of JPY cross rates i.e. impetuous strengthening of the yen against the European currencies (EUR/JPY and GBP/JPY). The beginning point of this decline was rather precisely forecasted this summer (refer to the articles A Rare Form of Zigzag (EURJPY) and Variety of Variants for GBP/JPY ).
But the main question at the moment is to determine possible depth of the decline of the European currencies and of the strengthening of the USD and JPY, as well as their further price movement (EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY и GBP/JPY).
The first part of the promised materials on this topic will be publisher today or tomorrow.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32234_12348.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32234_12349.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The development of the supposed zigzag A-B-C of (A) is completing. Its completion will be confirmed if the price fixes beyond the upper channel of impulse of C of (A) and of impulse C of (A).
If the supposition of the current wave counting is true good perspectives open for short short-term positions. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32234_12350.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32234_12351.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
”> The development of zigzag -- of Y is completing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse (v) of of Y and of impulse of Y.
If the supposition of the current wave counting is true good perspectives open for short short-term positions. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32234_12352.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32234_12353.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
The supposed impulse (A) completes developing (if wave 5 of (A) doesn’t decide to develop an extension). Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse 5 of (A) and impulse (A) itself.
If traders having followed my precedingrecommendations (refer for example to Figures 10 and 11 in Daily-221008) closed their short positions the current wave counting represents a good perspective for new short short-term positions. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32234_12354.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32234_12355.gif
Figure 8. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse (v) of of Y and of impulse of Y.
If the supposition of the current wave counting is true good perspectives for long short term positions open. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 28, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The weakening of the European currencies and the strengthening of the Japanese yen against the USD continues (EUR/USD, GBP/USD and USD/CHF).
The first part of the promised materials was released yesterday (refer to the article Possible depth of decline (EUR/USD, GBP/USD, USD/JPY, USD/CHF)).
< 1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of Decline. Refer to Figure 1 for the wave counting draft of this currency on 720 min chart..
http://www.alpari-forex.com/files/pic/docs/13/32251_12386.gif
Figure 1. Wave counting on 720 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32251_12387.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag A-B-C of (W) completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse of C of (W) and of impulse C of (W).
If the supposition of the current wave counting is true good perspectives open for short short-term positions. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 3 for the wave counting draft of this currency on 720 min chart..
http://www.alpari-forex.com/files/pic/docs/13/32251_12388.gif
Figure 3. Wave counting on 720 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32251_12389.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the channel of impulse (v) of of Y or of impulse of Y.
If the supposition of the current wave counting is true good perspectives open for short short-term positions. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32251_12390.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
The supposed impulse (A) of completes developing. Its completion will be confirmed if the price fixes beyond the upper channel of impulse 5 of (A) and of impulse (A) itself.
If traders having followed my previous recommendations (refer for example to Figures 10 and 11 in Daily-221008), closed their short positions the current wave counting represents a good perspective for new short short-term positions. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 6 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32251_12391.gif
Figure 6. Wave counting on 720 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32251_12392.gif
Figure 7. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag A-B-C of (Y) completes developing. Its completion will be confirmed if the price fixes beyond the upper border of impulse of C of (Y) and of impulse C of (Y).
If the supposition of the current wave counting is true good perspectives for long short-term positions open. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Possible Depth of the Decline (EUR/USD, GBP/USD, USD/JPY, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 29, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
It isn’t ruled out that the strengthening of the European currencies and weakening of the Japanese yen against the US dollar during the last days is of local, corrective nature.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of Decline. Refer to Figure 1 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32267_12399.gif
Figure 1. Wave counting on 720 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32267_12400.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag A-B-C of (W) completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse of C of (W) and of impulse C of (W).
The size of developing upward correction allows supposing that at the moment wave of C or its part (a) of of C completes developing. At the same time it should be noted that its size reached the limit values for the supposed wave C of (W). Further rise of the price will cancel the current counting on small time-frames.
If the supposition of the current wave counting is true good perspectives for short mid-term positions open. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 3 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32267_12401.gif
Figure 3. Wave counting on 720 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32267_12402.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the channel of impulse (v) of of Y or of impulse of Y.
The size of developing upward correction allows supposing that at the moment wave (iv) of or its part a of (iv) of completes developing. At the same time it should be noted that its size has reached the limit values for the supposed wave (iv) of of Y. Further rise of the price will cancel the current counting on small time-frames.
If the supposition of the current wave counting is true godd perspectives for short midterm positions open. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32267_12403.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32267_12404.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
The supposed impulse (A) of completes developing. Its completion will be confirmed if the price fixes beyond the upper channel of impulse 5 of (A) and of impulse (A) itself.
The size of developing upward correction allows supposing that at the moment wave 4 of (A) or its part of 4 of (A) completes developing. At the same time it should be noted that its size has reached the limit values for the supposed wave (iv) of of Y. Further rise of the price will cancel the current wave counting on small time-frames.
If traders having followed my previous recommendations (refer for example to Figures 10 and 11 in Daily-221008), closed already their short positions the current wave counting represents good perspective for new short mid-term positions. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32267_12405.gif
Figure 7. Wave counting on 720 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32267_12406.gif
Figure 8. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag A-B-C of (Y) completes developing. Its completion will be confirmed if the price fixes beyond the upper border of impulse of C of (Y) and of impulse C of (Y).
The size of developing downward correction allows supposing that at the moment wave of C of (Y) or its part (a) of of C of (Y) completes developing. At the same time it should be noted that its size has reached the limit values for the supposed wave of C of (Y). Further decline of the price will cancel the current counting on small time-frames.
If the supposition of the current wave counting is true good perspectives for long mid-term positions open. Here I would like to remind that placing orders in advance is a highly risky though potentially more profitable tactic (refer to A brief course on the Elliott wave principle. Part 3.).
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Possible Depth of the Decline (EUR/USD, GBP/USD, USD/JPY, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 30, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
[ 本帖最后由 hefeiddd 于 2009-4-30 15:34 编辑 ]
1) It isn’t ruled out that the strengthening of the European currencies and weakening of the Japanese yen against the US dollar during the last days is of local, corrective nature.
2) The forecast for November will be released this weekend.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of Decline. Refer to Figure 1 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32291_12435.gif
Figure 1. Wave counting on 720 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32291_12436.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag A-B-C of (W) completes developing. Its completion will be confirmed if the price fixes above the critical level. At the moment the ending wave of zigzag of C of (W) is developing.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 3 for the wave counting draft of this currency on 720 min chart..
http://www.alpari-forex.com/files/pic/docs/13/32291_12437.gif
Figure 3. Wave counting on 720 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32291_12438.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes above the critical level. At the moment the ending wave of zigzag (v) of of Y might be developing.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32291_12439.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32291_12440.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
The supposed impulse (A) of completes developing. Its completion will be confirmed after the price fixes beyond the upper border of the channel of impulse (A) itself. At the moment the ending wave of impulse 5 of (A) might be developing.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008 and to the article Possible Depth of the Decline. Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32291_12441.gif
Figure 7. Wave counting on 720 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32291_12442.gif
Figure 8. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag A-B-C of (Y) completes developing. Its completion will be confirmed after the price fixes below the critical level. At the moment the ending wave of zigzag of C of (Y) might be developing.
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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Possible Depth of the Decline (EUR/USD, GBP/USD, USD/JPY, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 31, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
[ 本帖最后由 hefeiddd 于 2009-5-1 11:02 编辑 ]