At the moment the wave counting doesn’t rule out the development of the local trend reversal against the US dollar in the near future and the beginning of a new stage of the dollar’ weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10781.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag. After the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31354_10782.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31354_10783.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with main waves it supposes its completion in the near future.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10784.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completing. In the Figure below it is clearly seen how the guideline for alternation for zigzag (refer to page 140 of my book) is observed. After the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31354_10785.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are developing.
http://www.alpari-forex.com/files/pic/docs/11/31354_10786.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion in the near future.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10787.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of completes developing. Its ending wave (Z) of has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31354_10788.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion in the near future.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10789.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag. After the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31354_10790.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below it is seen clearly how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31354_10791.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion in the near future.
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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 15, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
1) On small time-frames one can clearly see the terminus of the wave that can be the ending point of the whole correction and the beginning of a new stage of the US dollar’s weakening (refer to Figures 3, 6, 8, 11). But this supposition requires its confirmation. That’s why projections of the expected price movement on the charts 1, 2, 4, 5, 7, 9, 10 are of suppositional nature.
2) Yesterday the article Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) was released, where a possible scenario of the Canadian dollar’s price movement synchronous with the other dollar pairs is considered.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10831.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10832.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31375_10833.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion in the near future if wave v of (c) of doesn’t decide to develop an extension.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10834.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10835.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are formed.
http://www.alpari-forex.com/files/pic/docs/11/31375_10836.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion in the near future if wave v of (v) of doesn’t decide to develop an extension.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10837.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10838.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion in the near future if wave of C of (Z) doesn’t decide to develop an extension.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10839.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10840.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below one can see clearly how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31375_10841.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its ending in the near future if wave v of (c) of doesn’t decide to develop an extension.
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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar's Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 18, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
1On small time-frames one can clearly see the terminus of the wave that can be the ending point of the whole correction and the beginning of a new stage of the US dollar’s weakening. But this supposition requires its confirmation. That’s why projections of the expected price movement on the charts are of suppositional nature.
2) In the article Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) a possible scenario of the Canadian dollar’s price movement synchronous with the other dollar pairs was considered.
http://www.alpari-forex.com/files/pic/docs/11/31386_10855.gif
Figure i1. Wave counting on 60 min chart of USD/CAD.
The supposed downward wedge ? may be the beginning of a new stage of the decline of USD/CAD. If this is the case it opens good possibilities for long-term short positions.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10856.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10857.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31386_10858.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion in the near future if wave v of (c) of doesn’t decide to develop an extension. At the same time the alternate variant of counting allows a short ending downward thrust of the price.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10859.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10860.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are formed.
http://www.alpari-forex.com/files/pic/docs/11/31386_10861.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion in the near future if wave v of (v) of doesn’t decide to develop an extension.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10862.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10863.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion in the near future if wave of C of (Z) doesn’t decide to develop an extension.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10864.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10865.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below one can see clearly how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31386_10866.gif
As upward impulse (c) of is completed with the main waves it supposes its ending in the near future if wave v of (c) of doesn’t decide to develop an extension. At the same time the alternate variant of counting allows a short ending upward thrust of the price.
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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 19, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The price only swayed in the direction of the US dollar’s weakening. The developed terminus of the wave may the ending point of the whole correction and the beginning of a new stage of the dollar’s weakening. But this supposition requires confirmation. That’s why projections of the expected price movement on the charts are of suppositional nature.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10885.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10886.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new uptrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31402_10887.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion. If this is the case it opens good possibilities for mid-term long positions.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10888.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10889.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are developed. The first waves of a new uptrend must be forming.
http://www.alpari-forex.com/files/pic/docs/11/31402_10890.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion. If this is the case it opens good possibilities for mid-term long positions.
But the alternate variant of counting that allows the ending price thrust down isn’t cancelled.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10891.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which ahs assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10892.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion. If the supposition is true it opens good possibilities for mid-term short positions.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10893.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10894.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new downtrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31402_10895.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion in the near future. If this is the case it opens good possibilities for mid-term positions.
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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 20, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The US dollar is reluctant to loose gained positions. The trend reversal against the dollar according to “all suddenly” principle in the currency pairs under consideration fails to happen so far, and the process itself may last until the next week. And each pair forms its own type of the reversal top. That’s why at the moment projections of the expected price movement on the charts are of suppositional nature.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10917.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10918.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new uptrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31421_10919.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion. But the alternate scenario doesn’t rule out developing of the ending downward price thrust.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10920.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10921.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are developed. The first waves of a new uptrend must be forming.
http://www.alpari-forex.com/files/pic/docs/11/31421_10922.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves its completion isn’t ruled out. But the alternate variant of counting that allows the ending downward price thrust isn’t cancelled.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10923.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which ahs assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10924.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion. If this is the case it opens good possibilities for mid-term short positions.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10925.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10926.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new downtrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31421_10927.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion in the near future. But the alternate scenario doesn’t rule out developing of the ending upward price thrust.
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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 21, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The US dollar continued falling but the confirmatory levels haven’t been passed yet. That’s why at the moment projections of the expected price movement are of suppositional nature.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10941.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 if which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10942.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are formed. The first waves of a new uptrend might be developing.
http://www.alpari-forex.com/files/pic/docs/11/31431_10943.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion. There remains for us to wait for a confirmation of the beginning of a new stage of the US dollar’s weakening (the rise of EUR/USD).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10944.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle is completed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10945.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are formed. The firat waves of a new uptrend might be forming.
http://www.alpari-forex.com/files/pic/docs/11/31431_10946.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves its completion isn’t ruled out. There remains for us to wait for the beginning of a new stage of the US dollar’s weakening (the rise of GBP/USD).
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10947.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which ahs assumed the shape of a zigzag, is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10948.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion. There remains for us to wait for the confirmation of the beginning of a new stage of the US dollar’s weakening (the decline of USD/JPY).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10949.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag, the ending wave of 4 of which ahs assumed the shape of a zigzag, is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10950.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are formed. The first waves of a new downtrend might be developing.
http://www.alpari-forex.com/files/pic/docs/11/31431_10951.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion. there remains for us to wait for the confirmation of the beginning of a new stage of the US dollar’s weakening (the decline of USD/CHF).
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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
In mid August it was supposed that «depending on the scenario the price would choose the process of the trend reversal might take form 1 up to 10 days.» (refer to Daily-120808). At the moment the price has reached the border of the time zone for the current correction. If the trend reversal against the US dollar doesn’t occur this week a radical change of the scenarios of price movement of the currency pairs under consideration isn’t ruled out.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31452_10983.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
The price decided to build the downward zigzag up to impulse of 4, having added to it a pair pf lacking waves. In this case the whole correction 4 may be presented in the form of a possible flat --. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31452_10984.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave (v) of impulse of 4 is completing.
http://www.alpari-forex.com/files/pic/docs/11/31452_10985.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
The completeness of the downward impulse with the main waves supposes its ending in the near future. There remains for us to wait for the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31452_10986.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of a large zigzag 2,wave of 2 of which has assumed the shape of a truncated triangle is completing. After the completion of correction 2 is confirmed it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31452_10987.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the development of the ending wav (v) of impulse of 2 is completing.
http://www.alpari-forex.com/files/pic/docs/11/31452_10988.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
The completeness of downward impulse with the main waves doesn’t rule out its ending in the near future. There remains for us to wait for the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31452_10989.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag, is completing. After the completion of correction is confirmed it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31452_10990.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
The completeness of upward impulse C of (Z) with the main waves doesn’t rule out its ending in the near future. There remains for us to wait for the confirmation of this.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31452_10991.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag, the ending wave of 4 has assumed the shape of a zigzag, is completing. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31452_10992.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave v of the second leg (c) of zigzag of 4 is completing.
http://www.alpari-forex.com/files/pic/docs/11/31452_10993.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
The completeness of upward impulse (c) of with the main waves supposes its ending in the near future. 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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 25, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
In mid August it was supposed that «depending on the scenario the price would choose the process of the trend reversal might take form 1 up to 10 days.» (refer to Daily-120808). At the moment the price has reached the border of the time zone for the current correction. If the trend reversal against the US dollar doesn’t occur this week a radical change of the scenarios of price movement of the currency pairs under consideration isn’t ruled out.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31468_11015.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
The price decided to build the downward zigzag up to impulse of 4, having added to it a pair pf lacking waves. In this case the whole correction 4 may be presented in the form of a possible flat --. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31468_11016.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave (v) of impulse of 4 is completing.
http://www.alpari-forex.com/files/pic/docs/12/31468_11017.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
The completeness of the downward impulse with the main waves supposes its ending in the near future. There remains for us to wait for the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31468_11018.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of a large zigzag 2,wave of 2 of which has assumed the shape of a truncated triangle is completing. After the completion of correction 2 is confirmed it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31468_11019.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the development of the ending wav (v) of impulse of 2 is completing.
http://www.alpari-forex.com/files/pic/docs/12/31468_11020.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
The completeness of downward impulse with the main waves doesn’t rule out its ending in the near future. There remains for us to wait for the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31468_11021.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag, is completing. After the completion of correction is confirmed it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/12/31468_11022.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
The completeness of upward impulse C of (Z) with the main waves doesn’t rule out its ending in the near future. There remains for us to wait for the confirmation of this.
As the price hasn’t passed the confirmatory level of the main scenario yet we can’t rule out the alternate scenario with the further development of wave C of (Z) of 2.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31468_11023.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag, the ending wave of 4 of which has assumed the shape of a zigzag, is completing. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global downtrend..
http://www.alpari-forex.com/files/pic/docs/12/31468_11024.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave v of the second leg (c) of zigzag of 4 is completing.
http://www.alpari-forex.com/files/pic/docs/12/31468_11025.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
The completeness of upward impulse (c) of with the main waves supposes its ending in the near future. 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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 26, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
At the moment the price has only marked a possible trend reversal against the US dollar. If the expected reversal doesn’t occur this week a radical change of scenarios of price movement of the currency pairs under consideration isn’t ruled out.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31481_11044.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
The whole correction 4 may be presented in the form of a possible flat --. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31481_11045.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave (v) of impulse of 4 is completed, but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31481_11046.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
The completeness of downward impulse with the main waves supposes its ending. There remains for us to wait for the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31481_11047.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly wave 2 has assumed the shape of a large zigzag, wave of 2 of which is a truncated triangle. After the completion of correction 2 is confirmed it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31481_11048.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the development of the ending wave (v) of impulse of 2 is completed, but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31481_11049.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
The completeness of downward impulse with the main waves doesn’t rule out its ending. There remains for us to wait for the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31481_11050.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
The development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag, might be completed. After the completion of correction is confirmed it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/12/31481_11051.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
The completeness of upward impulse C of (Z) with the main waves doesn’t rule out its ending. There remains for us to wait for the confirmation of this.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31481_11052.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly correction 4 has assumed the shape of a double zigzag the ending wave of 4 of which is an ordinary zigzag. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/12/31481_11053.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave v of the second leg (c) of zigzag of 4 is completed, but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31481_11054.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
The completeness of upward impulse (c) of with the main waves supposes its completion. There remains for us to wait for 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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 27, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
At the moment the price has only marked a possible trend reversal against the US dollar. But price movement of the currencies under consideration is so far mixed. The confirmatory levels of the main variant haven’t been passed yet. There remains only to wait patiently which scenario the price will prefer.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31500_11077.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
The whole correction 4 may be presented in the form of a possible flat --. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31500_11078.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave (v) of impulse of 4 is completed, but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31500_11079.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
it isn’t ruled out that the first waves of a new uptrend are developing. There remains for us to wait for the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31500_11080.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Wave 2 may have assumed the shape of a large zigzag, wave of 2 of which is a truncated triangle. After the completion of correction 2 is confirmed it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31500_11081.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the development of the ending wave (v) of impulse of 2 is completed but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31500_11082.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As a local alternate we can consider a variant with the completion of impulse with diagonal triangle v of (v) of .
At the same time it isn’t ruled out that the first waves of a new uptrend began to develop. There remains for us to wait for a confirmation of one of the variants.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31500_11083.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
The developing of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag, might be completed. After the completion of correction is confirmed it is natural to expect the continuation of the downtrend.
But almost horizontal price movement in August doesn’t rule out a possible ending price thrust upward.
http://www.alpari-forex.com/files/pic/docs/12/31500_11084.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
The completeness of upward impulse C of (Z) with the main waves doesn’t rule out its ending. There remains for us to wait for the confirmation of this.
At the same time so far downward waves are rather a zigzag corrective structure giving rise to a great number of alternate scenarios.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31500_11085.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Correction 4 might have assumed the shape of a double zigzag, the ending wave of 4 of which is an ordinary zigzag. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/12/31500_11086.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
The development of the ending wave v of the second leg (c) of zigzag of 4 might be completed, but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31500_11087.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that the first waves of a new downtrend are developing. There remains for us to wait for 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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 28, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
At the moment the price has only marked a possible trend reversal against the US dollar. But price movement of the currencies under consideration is so far mixed. The confirmatory levels of the main variant haven’t been passed yet. There remains only to wait patiently to see which scenario the price will prefer.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31516_11106.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
The whole correction 4 may be presented in the form of a possible flat --. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31516_11107.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the development of the ending wave (v) of impulse of 4 is completed, but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31516_11108.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that the first waves of a new uptrend are developing. There remains for us to wait for the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31516_11109.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Wave 2 may have assumed the shape of a large zigzag, wave of 2 of which is a truncated triangle. After the completion of correction 2 is confirmed it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31516_11110.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
The development of the ending wave (v) of impulse of 2 may be completing.
http://www.alpari-forex.com/files/pic/docs/12/31516_11111.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
Unlike other currencies under consideration the pound continues its falling in the form of a diagonal triangle.
If a set of waves of the supposes impulse is determined correctly, after the completion of the diagonal triangle v of (v) of one should expect considerable upward price movement.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31516_11112.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
The development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag, might be completed. After the completion of correction is confirmed it is natural to expect the continuation of the downtrend.
But almost horizontal price movement in August doesn’t rule out a possible ending price thrust upward.
http://www.alpari-forex.com/files/pic/docs/12/31516_11113.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
The completeness of upward impulse C of (Z) with the main waves doesn’t rule out its ending. There remains for us to wait for the confirmation of this.
At the same time so far downward waves represent rather a zigzag corrective structure giving rise to a great number of alternate scenarios. According to an alternate scenario this structure represents the first waves of the developing downward wedge а ?.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31516_11114.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Correction 4 might have assumed the shape of a double zigzag, the ending wave of 4 of which is an ordinary zigzag. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/12/31516_11115.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
The development of the ending wave v of the second leg (c) of zigzag of 4 might be completed, but so far there is no confirmation of this.
http://www.alpari-forex.com/files/pic/docs/12/31516_11116.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that the first waves of a new downtrend are developing. There remains for us to wait for 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, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 29, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
1) The survey wave counting of the main and alternate scenarios of the currencies under consideration are given in the monthly forecast for September (см. Monthly-0908).
2) At the moment the trend channel of the US dollar’s strengthening isn’t broken and the confirmatory levels of the main variant aren’t passed by the price. That’s why the chances of the alternate variant considered in Monthly-0908, remain high. In order not to read tea leaves it is better to wait patiently to see which scenario the price will prefer.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31541_11152.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
The development of the ending wave (v) of impulse of 4 may be completed, but so far there is no confirmation of this. After the completion of correction 4 is confirmed it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31541_11153.gif
Figure 2. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that the first waves of a new uptrend are developing. There remains for us to wait for the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31541_11154.gif
Figure 3. Wave counting on 480 min chart. Variant 3.
The development of the ending wave (v) of impulse of 2 may be completing. After the completion of correction 2 is confirmed it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/12/31541_11155.gif
Figure 4. Wave counting on 120 min chart. Variant 3.
In contrast to the other currencies considered here the pound continued falling. If a set of waves of the supposed impulse is defined correctly after the completion of wave (v) of one should expect upward price movement.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31541_11156.gif
Figure 5. Wave counting on 720 min chart. Variant 3-dt.
The development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag, is completed. After the completion of correction is confirmed it is natural to expect the continuation of the downtrend.
But almost horizontal price movement during August doesn’t rule out further continuation of the US dollar’s strengthening (the rise of USD/JPY) as a possible alternate considered in Monthly-0908.
http://www.alpari-forex.com/files/pic/docs/12/31541_11157.gif
Figure 6. Wave counting on 120 min chart. Variant 3-dt.
At the same time one of the variants of counting doesn’t rule out that the latter wave structure is a downward wedge ?.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31541_11158.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
The development of the ending wave v of the second leg (c) of zigzag of 4 may be completed, but so far there is no confirmation of this. After the completion of correction 4 is confirmed 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/12/31541_11159.gif
Figure 8. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that the first waves of a new downtrend are developing. There remains for us to wait for 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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 1, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Today in the morning the price broke the critical level of the main variant in EUR/USD. In this situation the probability of further price movement according to the alternate scenarios considered in Monthly-0908 considerably increases.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31559_11184.gif
Figure 1. Wave counting on the daily chart. Possible alternate.
The price broke the critical level of the main variant thus having brought to the forefront the alternate scenario in the framework of which the development of impulse of 4 continues.
http://www.alpari-forex.com/files/pic/docs/12/31559_11185.gif
Figure 2. Wave counting on 480 min chart. Possible alternate.
Wave (iv) of may assume the shape of a flat or an extended horizontal correction.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 3 for the wave counting draft of this currency on the daily chart..
http://www.alpari-forex.com/files/pic/docs/12/31559_11186.gif
Figure 3. Wave counting on the daily chart. Possible alternate.
Continuous decline of the pound doesn’t suppose an immediate trend reversal. Probably the development of the supposes impulse of 2 will continue according to the alternate scenario.
http://www.alpari-forex.com/files/pic/docs/12/31559_11187.gif
Figure 4. Wave counting on 480 min chart. Possible alternate.
The completeness of impulse (iii) of with the internal waves supposes its completion in the near future and the beginning of the development of correction (iv) of .
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31559_11188.gif
Figure 5. Wave counting on the daily chart. Possible alternate.
In the framework of the alternate scenario the supposed wave is assuming the shape of a double zigzag (W)-(X)-(Y). At the moment wave link B of the ending zigzag (Y) of may be developing.
http://www.alpari-forex.com/files/pic/docs/12/31559_11189.gif
Figure 6. Wave counting on 120 min chart. Possible alternate.
According to a possible variant of counting wave-link B may develop in the form of a double or triple three.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31559_11190.gif
Figure 7. Wave counting on the daily chart. Possible alternate.
It isn’t ruled out that the development of zigzag of 4 continues in the framework of the alternate scenario.
http://www.alpari-forex.com/files/pic/docs/12/31559_11191.gif
Figure 8. Wave counting on 480 min chart. Possible alternate.
Wave (b) of may assumed the shape of a flat or an extended horizontal 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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 2, 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. In this case the probability of further price movement according to the alternate variants considered in Monthly-0908 increases.
Mid-term expectations haven’t changed — at least a correction has come to a head. At the same time it should be noted that until there is a confirmation of the local trend reversal, the expected price movement given in the charts are of suppositional character.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31567_11203.gif
Figure 1. Wave counting on the daily chart. Possible alternate.
In the framework of the alternate scenario impulse of 4 continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31567_11204.gif
Figure 2. Wave counting on 480 min chart. Possible alternate.
Supposedly wave (iv) of may assume the shape of a flat or an extended horizontal correction.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31567_11205.gif
Figure 3. Wave counting on the daily chart. Possible alternate.
Probably the supposed impulse of 2 will continue developing according to the alternate scenario.
http://www.alpari-forex.com/files/pic/docs/12/31567_11206.gif
Figure 4. Wave counting on 480 min chart. Possible alternate.
The completeness of impulse (iii) of with internal waves supposes its completion in the near future and the beginning of the development of correction (iv) of .
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31567_11207.gif
Figure 5. Wave counting on the daily chart. Possible alternate.
In the framework of the alternate scenario the supposed wave is assuming the shape of double zigzag (W)-(X)-(Y). Probably at the moment wave link B of the ending zigzag (Y) of is developing.
http://www.alpari-forex.com/files/pic/docs/12/31567_11208.gif
Figure 6. Wave counting on 120 min chart. Possible alternate.
One of the possible variants of counting of wave-link B supposes its development in the form of a double or triple three.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31567_11209.gif
Figure 7. Wave counting on the daily chart. Possible alternate.
It isn’t ruled out that zigzag of 4 continues developing in the framework of the alternate scenario.
http://www.alpari-forex.com/files/pic/docs/12/31567_11210.gif
Figure 8. Wave counting on 480 min chart. Possible alternate.
Supposedly wave (b) of may assume the shape of a flat or an extended horizontal 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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 3, 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. In such a situation the probability of the further price movement according to the alternate scenario another varinat of which is considered in this article increases considerably.
Mid-term expectations haven’t changed – at least a correction has come to a head. At the same time it should be noted that until there is a confirmation of the local trend reversal, the expected price movement given in the charts are of suppositional character.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31591_11225.gif
Figure 1. Wave counting on the daily chart. Possible alternate.
In the framework of the alternate scenario the development of impulse of 4 may completed in the near future.
http://www.alpari-forex.com/files/pic/docs/12/31591_11226.gif
Figure 2. Wave counting on 480 min chart. Possible alternate.
One of possible variants of counting doesn’t rule out the completion of correction 4 in the near future. But this supposition requires its confirmation.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31591_11227.gif
Figure 3. Wave counting on the daily chart. Possible alternate.
In the framework of this alternate scenario the development of impulse of 2 may complete in the near future. On the weekly chart it is seen that levels 1.75..73 represent a strong resistance level.
http://www.alpari-forex.com/files/pic/docs/12/31591_11228.gif
Figure 4. Wave counting on 480 min chart. Possible alternate.
According to a possible variant of counting correction 2 may complete in the near future. But this supposition requires its confirmation.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 5 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31591_11229.gif
Figure 5. Wave counting on the daily chart. Possible alternate.
In the framework of this alternate scenario the supposed wave is completed in the form of a triple zigzag. But this confirmation requires its confirmation.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 6 for the wave counting draft of this currency on the daily chart..
http://www.alpari-forex.com/files/pic/docs/12/31591_11230.gif
Figure 6. Wave counting on the daily chart. Possible alternate.
In the framework of this alternate scenario the development of double zigzag of 4 may complete in the near future.
http://www.alpari-forex.com/files/pic/docs/12/31591_11231.gif
Figure 7. Wave counting on 480 min chart. Possible alternate.
According to a possible variant of counting correction 4 may complete in the near future. But this supposition requires its confirmation.
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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 4, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
1) In connection with my 2-week vacation releases of the daily wave forecasts will be resumed from September 22, 2008.
2) Since the mid-August the price movement of the European currencies and the Japanese yen has been steadily mixed, that can be an indirect sign of the beginning the trend reversal. That’s why the mid-term expectations haven’t changed – at least a correction has come to a head (price movement against the US dollar). At the same time it should be noted that until there is a confirmation of the local trend reversal expectations are of the suppositional character.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31603_11250.gif
Figure 1. Wave counting on the daily chart. Possible alternate.
In the framework of this alternate scenario the development of impulse of 4 may complete in the near future.
A breach of the upper border of the downward trend channel by the price and then passing of the confirmatory levels may become the first confirmations of the beginning of the trend reversal against the US dollar.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 2 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31603_11251.gif
Figure 2. Wave counting on the daily chart. Possible alternate.
In the framework of this alternate scenario the development of impulse of 2 may complete in the near future. On the weekly chart it is seen that the 1.75..73 levels represent a strong resistance level.
A breach of the upper border of the downward trend channel by the price and then passing of the confirmatory levels may become the first confirmations of the beginning of the trend reversal against the US dollar.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31603_11252.gif
Figure 3. Wave counting on the daily chart. Possible alternate.
In the framework of this alternate scenario the supposed wave is completed in the form of a triple zigzag.
A breach of the confirmatory level by the price may be a weighty confirmation of the trend reversal against the US dollar.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 ,Monthly-0908 and in the article The Review of the Bigger Time-Frames (2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart..
http://www.alpari-forex.com/files/pic/docs/12/31603_11253.gif
Figure 4. Wave counting on the daily chart. Possible alternate.
In the framework of this alternate scenario the development of double zigzag of 4 may complete in the near future.
A breach of the lower border of the upward trend channel by the price and then passing of the confirmatory levels may become the first confirmations of the beginning of the trend reversal against the US dollar.
5. EUR/JPYhttp://www.alpari-forex.com/files/pic/docs/12/31603_11254.gif
Figure 5. Wave counting on the daily EUR/JPY chart.
A forecast on the cross rate EUR/JPY, given in the article A Rare Form of Zigzag, so far comes true a hundred per-cent.
6. GBP/JPYhttp://www.alpari-forex.com/files/pic/docs/12/31603_11255.gif
Figure 6. Wave counting on the daily GBP/JPY chart.
A forecast on the cross rate GBP/JPY, given in the article Variety of variants for GBP/JPY , is fully confirmed.
7. USD/CADhttp://www.alpari-forex.com/files/pic/docs/12/31603_11256.gif
Figure 7. Wave counting on the daily USD/CAD chart. Possible alternate.
A supposition about possible price movement of the Canadian dollar given in the article Probable beginning of the Canadian dollar’s strengthening (USD/CAD), in general remains valid — probably, upward wave (2) of of the global downward zigzag -- is completing. After this zigzag the strengthening of the Canadian dollar may start (waves (3) and (5) of ).
But the price broke the critical level of the main variant and the ending point of this correction (2) may be somewhat different in the framework of the alternate scenario which requires its confirmation so far. A breach of the lower border of the upward trend channel by the price and then passing of the confirmatory levels may become the first confirmations of the beginning of the trend reversal against the US 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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 5, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
In the article released today The Review of the Bigger Time-Frames (IV quarter of 2008) the most probable at the moment scenarios for the dollar currency pairs are considered.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31806_11511.gif
Figure 1. Wave counting on the daily chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link , which can assume the downward zigzag shape or the shape of a horizontal correction, continues developing.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 2 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31806_11512.gif
Figure 2. Wave counting on the daily chart. Variant 1.
In the framework of scenario 1 the ending wave (E) of the global horizontal triangle , which can assume the shape of a downward double zigzag W-X-Y, continues developing.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31806_11513.gif
Figure 3. Wave counting on the daily chart. Variant 3dt.
It isn’t ruled out that in the framework of scenario 3-dt correction of a large diagonal triangle which can assume the shape of an ordinary zigzag, continues developing.
4. USD/CHFFor survey wave counting of CHF refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/12/31806_11514.gif
Figure 4. Wave counting on the daily chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link , which can assumed the downward zigzag shape or the shape of a horizontal correction, continues 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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
In the article The Review of the Bigger Time-Frames (IV quarter of 2008) the most probable at the moment scenarios for the dollar currency pairs are considered.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31844_11534.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link of the global upward double zigzag --, which can assume the downward zigzag shape or the shape of a horizontal correction, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11535.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
Supposedly corrective wave B of downward zigzag A-B-C of (A) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11536.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
It isn’t ruled out that wave B will assume the shape of upward double (or triple) zigzag -- of B 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). Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31844_11537.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
In the framework of scenario 1 the ending wave (E) of the global horizontal triangle , which can assume the shape of downward double zigzag W-X-Y of continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11538.gif
Figure 5. Wave counting on the daily chart. Variant 1.
Supposedly corrective wave of downward zigzag -- of Y of (E) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11539.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
It isn’t ruled out that wave will assume the shape of upward double (or triple) zigzag (w)-(x)-(y) of 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). Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31844_11540.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
Supposedly in the framework of scenario 3-dt correction of a large diagonal triangle V, which can assume the shape of an ordinary zigzag (A)-(B)-(C) of of V continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11541.gif
Figure 8. Wave counting on the daily chart. Variant 3dt.
Probably downward corrective wave (B) of upward zigzag (A)-(B)-(C) of , which can assume the shape of a triple zigzag, is developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11542.gif
Figure 9. Wave counting on 480 min chart. Variant 3dt.
It isn’t ruled out that wave (B) will assume the shape of downward triple zigzag W-X-Y-XX-Z of (B). But at the moment the supposed zigzag XX of (B) may be easily transformed into an upward wedge.
4. USD/CHFFor survey wave counting of CHF refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 10 for the wave counting draft of this currency on the weekly chart..
http://www.alpari-forex.com/files/pic/docs/12/31844_11543.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link of the global downward double zigzag --, which can assume upward zigzag shape or the shape of a horizontal correction, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11544.gif
Figure 11. Wave counting on the daily chart. Variant 3dz.
Supposedly corrective wave of Y of (A) of upward double zigzag W-X-Y of (A) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31844_11545.gif
Figure 12. Wave counting on 480 min chart. Variant 3dz.
It isn’t ruled out that wave of Y will assume the shape of downward double (or triple) zigzag (w)-(x)-(y) of 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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 23, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
In the article The Review of the Bigger Time-Frames (IV quarter of 2008) the most probable at the moment scenarios for the dollar currency pairs are considered.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31856_11560.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link of the global upward double zigzag --, which can assume a downward zigzag shape or the shape of a horizontal correction, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11561.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
Supposedly upward corrective wave B of (A) of downward zigzag A-B-C of (A) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11562.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
It isn’t ruled out that wave B of (A) will assume the shape of upward double (or triple) zigzag -- of B of (A).
http://www.alpari-forex.com/files/pic/docs/12/31856_11563.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
If the supposition of double zigzag -- of B of (A) is true the beginning of its ending wave (c) of of B should be expected in the near future.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31856_11564.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
In the framework of scenario 1 the ending wave (E) of of the global horizontal triangle , which can assume the shape of downward double zigzag W-X-Y of (E) of , continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11565.gif
Figure 6. Wave counting on the daily chart. Variant 1.
Supposedly upward corrective wave of Y of (E) of downward zigzag -- of Y of (E) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11566.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
It isn’t ruled out that wave of Y will assume the shape of upward double (or triple) zigzag (w)-(x)-(y) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31856_11567.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
If the supposition of double zigzag (w)-(x)-(y) of of Y is true the beginning of its ending wave c of (y) of should be expected in the near term.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 9 for the wave counting draft of this currency on the weekly chart..
http://www.alpari-forex.com/files/pic/docs/12/31856_11568.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
Supposedly in the framework of scenario 3-dt correction of V of a large diagonal triangle V, which can assume the shape of ordinary zigzag (A)-(B)-(C) of of V, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11569.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
Probably, downward corrective wave (B) of of upward zigzag (A)-(B)-(C) of , which can assume the shape of a triple zigzag, is developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11570.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
It isn’t ruled out that wave (B) will assume the shape of downward triple zigzag W-X-Y-XX-Z of (B). But at the moment the supposed zigzag XX of (B) may be easily transformed into an upward wedge.
http://www.alpari-forex.com/files/pic/docs/12/31856_11571.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
If the supposition of triple zigzag W-X-Y-XX-Z of (B) is true the beginning of its ending wave of Z of (B) should be expected in the near future.
4. USD/CHFFor survey wave counting of CHF refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31856_11572.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link of the global downward double zigzag --, which can assume upward zigzag shape or the shape of a horizontal correction, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11573.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
Supposedly downward corrective wave of Y of (A) of upward double zigzag W-X-Y of (A) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31856_11574.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
It isn’t ruled out that wave of Y will assume the shape of downward double (or triple) zigzag (w)-(x)-(y) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31856_11575.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
If the supposition of double zigzag (w)-(x)-(y) of of Y is true the beginning of its ending wave c of (y) of should be expected in the near future.
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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 24, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Forecast for October 2008 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). Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31875_11600.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link of the global upward double zigzag --, which can assume downward zigzag shape or the shape of a horizontal correction, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11601.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
Supposedly upward corrective wave B of (A) of downward zigzag A-B-C of (A) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11602.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
It isn’t ruled out that wave B of (A) will assume the shape of upward double (or triple) zigzag -- of B of (A).
http://www.alpari-forex.com/files/pic/docs/12/31875_11603.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
If the supposition of double zigzag -- of B of (A) is true the beginning of its ending wave (c) of of B should be expected in the near future.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31875_11604.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
In the framework of scenario 1 the ending wave (E) of of the global horizontal triangle , which can assume the shape of downward double zigzag W-X-Y of (E) of , continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11605.gif
Figure 6. Wave counting on the daily chart. Variant 1.
Supposedly upward corrective wave of Y of (E) of downward zigzag -- of Y of (E) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11606.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
It isn’t ruled out that wave of Y will assume the shape of upward double (or triple) zigzag (w)-(x)-(y) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31875_11607.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
If the supposition of double zigzag (w)-(x)-(y) of of Y is true the beginning of its ending wave c of (y) of should be expected in the near future.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31875_11608.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
Supposedly in the framework of scenario 3-dt correction of V of a large diagonal triangle V, which can assume the shape of ordinary zigzag (A)-(B)-(C) of of V, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11609.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
Probably downward corrective wave (B) of of upward zigzag (A)-(B)-(C) of , which can assume the shape of triple zigzag, is developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11610.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
It isn’t ruled out that wave (B) will assume the shape of downward triple zigzag W-X-Y-XX-Z of (B). But at the moment the supposed zigzag XX of (B) can be easily transformed into an upward wedge.
http://www.alpari-forex.com/files/pic/docs/12/31875_11611.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
If the supposition of triple zigzag W-X-Y-XX-Z of (B) is true the beginning of its ending wave of Z of (B) should be expected in the near future.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008). Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31875_11612.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
In the framework of scenario 3dz the supposed wave-link of global downward double zigzag --, which can assume upward zigzag shape or the shape of a horizontal correction, continues developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11613.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
Supposedly downward corrective wave of Y of (A) of upward double zigzag W-X-Y of (A) is developing.
http://www.alpari-forex.com/files/pic/docs/12/31875_11614.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
It isn’t ruled out that wave of Y will assume the shape of downward double (or triple) zigzag (w)-(x)-(y) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31875_11615.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
If the supposition of double zigzag (w)-(x)-(y) of of Y is true the beginning of its ending wave c of (y) of should be expected in the near future.
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 September, 2008[*]EUR/USD, Monthly Wave Analysis September, 2008[*]GBP/USD, Monthly Wave Analysis September, 2008[*]USD/JPY, Monthly Wave Analysis September, 2008[*]USD/CHF, Monthly Wave Analysis September, 2008[*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comSeptember 25, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.