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.
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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.
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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.
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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/12/31895_11636.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
If the supposition of double zigzag -- of B of (A) is true its ending wave (c) of of B may have started already. But this requires confirmation.
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.
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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.
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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.
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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/12/31895_11640.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 its ending wave c of (y) of may have started already. But this requires its confirmation.
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.
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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.
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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
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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/12/31895_11644.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 its ending wave of Z of (B) may have started already. But this requires its confirmation.
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/12/31895_11645.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/12/31895_11646.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/12/31895_11647.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/12/31895_11648.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 its ending wave c of (y) of may have started already. But this 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 (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 26, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Forecast for October 2008 was released last weekend (refer to Monthly-1008).
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31912_11694.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
Supposedly in the framework of scenario 3dz upward corrective wave B of (A) of downward zigzag A-B-C of (A) is developing. 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/12/31912_11695.gif
Figure 2. 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 is possible 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) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31912_11696.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
Supposedly in the framework of scenario 1 upward corrective wave of Y of downward zigzag -- of Y is developing. 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/12/31912_11697.gif
Figure 4. 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 is possible 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) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31912_11698.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
Supposedly in the framework of scenario 3-dt downward corrective wave (B) of of upward zigzag (A)-(B)-(C) of , that can assume the shape of triple zigzag W-X-Y-XX-Z of (B), is developing.
http://www.alpari-forex.com/files/pic/docs/12/31912_11699.gif
Figure 6. 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 Z of (B) is possible 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) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31912_11700.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
Supposedly in the framework of scenario 3dz downward corrective wave of Y of upward zigzag -- of Y is developing. 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/12/31912_11701.gif
Figure 8. 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 is possible 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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)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 29, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The price of the European currencies broke the trend channel in which it had moved for the last three weeks, thus having increased the chances of the alternate scenarios considered in Monthly-1008.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31925_11716.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
The breach of the lower border of the trend channel may mean the development of the ending downward wave C of (A) or the continuation of correction B of (A) in the form of some horizontal structure.
Further decline of the price after a small correction will be the confirmation of this scenario.
http://www.alpari-forex.com/files/pic/docs/12/31925_11717.gif
Figure 2. Wave counting on 480 min chart. Possible alternate.
At the same time further decline of the US dollar (the rise of EUR/USD) in the form of a double zigzag is also possible so far.
The beginning of uptrend in the near future will be the confirmation of this scenario.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31925_11718.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
The breach of the lower border of the trend channel may mean the development of the ending downward wave of Y or the continuation of correction of Y in the form of some horizontal structure.
Further decline of the price after a small correction will be the confirmation of this scenario.
http://www.alpari-forex.com/files/pic/docs/12/31925_11719.gif
Figure 4. Wave counting on 480 min chart. Possible alternate.
At the same time further decline of the US dollar (the rise of GBP/USD) in the form of a double zigzag is also possible so far.
The beginning of uptrend in the near future will be the confirmation of this scenario.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31925_11720.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
Corrective wave (B) of is almost fully completed with waves and taking into consideration the approximate equality of the main acting waves, it may be considered completed.
The immediate beginning of the price rise after the final completion of the ending wave of Z of (B) of will be the confirmation of this scenario.
http://www.alpari-forex.com/files/pic/docs/12/31925_11721.gif
Figure 6. Wave counting on 480 min chart. Possible alternate.
At the same time further decline of the US dollar (the decline of USD/JPY) in the form of an extended impulse of Z of (B) of .
The continuation of the downtrend after a small correction will be the confirmation of this scenario.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31925_11722.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
The breach of the higher border of the trend channel may mean the development of the ending upward wave of Y or the continuation of correction of Y in the form of a horizontal structure.
Further price rise in the near future will be the confirmation of this scenario.
http://www.alpari-forex.com/files/pic/docs/12/31925_11723.gif
Figure 8. Wave counting on 480 min chart. Possible alternate.
At the same time further decline of the US dollar (the decline of USD/CHF) in the form of a double zigzag is also possible so far.
The continuation of the downtrend in the near future will be the confirmation of this scenario.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)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 30, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The local strengthening of the US dollar in the framework of alternate scenarios considered in Monthly-1008 continues.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31939_11736.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
At the moment it isn’t clear which scenario the price will choose. Possibly it will prefer a progressive decline — the development of wave C of (A). In this case the price may cross the mark of 127% of the length of wave B of (A).
http://www.alpari-forex.com/files/pic/docs/12/31939_11737.gif
Figure 2. Wave counting on 120 min chart. Possible alternate.
But the price may also prefer developing of wave B in the form of a horizontal structure. In this case an upward reversal of the price may occur not later than at the mark of 127% of the length of wave or of B.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31939_11738.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
At the moment it isn’t clear which of the variants the price will choose. It may prefer a progressive decline — the development of wave of Y. In this case the price may cross the mark of 127% of the length of wave of Y.
http://www.alpari-forex.com/files/pic/docs/12/31939_11739.gif
Figure 4. Wave counting on 120 min chart. Possible alternate.
But the price may also prefer developing of wave in the form of a horizontal structure. In this case an upward reversal of the price may occur not later than at the mark of 127% of the length of wave (a) or (w) of .
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31939_11740.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
Corrective wave (B) of in the form of a triple zigzag is almost fully completed with waves and taking into consideration the approximate equality of the main acting waves may be considered completed. At the same time the price movement according to the alternate scenario (it is plotted in the chart with grey color) isn’t ruled out.
http://www.alpari-forex.com/files/pic/docs/12/31939_11741.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt..
In both cases the nearest expected price movement is upward after the completion of a small correction.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31939_11742.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
At the moment it isn’t clear yet which of the variants the price will choose. It may prefer a progressive rise – the development of wave of Y. In this case the price may cross the mark of 127% of the length of wave of Y.
http://www.alpari-forex.com/files/pic/docs/12/31939_11743.gif
Figure 8. Wave counting on 120 min chart. Possible alternate.
But it may also prefer developing of wave in the form of a horizontal structure. In this case the downward price reversal may occur not later than the mark of 127% of the length of wave (a) or (w) of .
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)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.comOctober 1, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The local strengthening of the US dollar in the framework of alternate scenarios considered in Monthly-1008 continues.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31963_11765.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
At the moment it isn’t clear yet which of the variants the price will choose. It may prefer a progressive decline — the development of wave C of (A). In this case to complete impulse C of (A) (or of C of (A)) the price has to build up a pair of waves — and of C of (A).
http://www.alpari-forex.com/files/pic/docs/12/31963_11766.gif
Figure 2. Wave counting on 120 min chart. Possible alternate.
At the same time the price may prefer developing of wave B in the form of a horizontal construction. In this case upward price reversal may occur 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) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31963_11767.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
At the moment it isn’t clear which of the variants the price will choose. It may prefer a progressive decline – the development of wave of Y. In this case to complete impulse of Y (or (i) of of Y) the price has to build up a pair of waves — iv and v of (v) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31963_11768.gif
Figure 4. Wave counting on 120 min chart. Possible alternate.
At the same time the price may prefer developing of wave in the form of a horizontal construction. In this case upward price reversal may occur 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) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31963_11769.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
Corrective wave (B) of in the form of a triple zigzag is fully completed with waves and taking into consideration the approximate equality of the main acting waves may be considered completed. At the same time price movement according to the alternate scenario (it is plotted on the chart with grey color) isn’t ruled out yet.
http://www.alpari-forex.com/files/pic/docs/12/31963_11770.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
In case the price chooses the alternate scenario downward movement may start 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) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31963_11771.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
At the moment it isn’t clear yet which of the variants the price will choose. It may prefer a progressive rise— the development of wave of Y. In this case to complete impulse of Y (or (i) of of Y) the price has to build up a pair of waves — (iv) и (v) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31963_11772.gif
Figure 8. Wave counting on 120 min chart. Possible alternate.
At the same time the price may prefer developing of wave in the form of a horizontal construction. In this case downward price reversal may occur 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, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)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.comOctober 2, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The local strengthening of the US dollar in the framework of alternate scenarios considered in Monthly-1008 continues.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31981_11799.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz.
At the moment it isn’t clear yet which of the variants the price will choose. It may prefer a progressive decline – the development of wave C of (A). In this case to complete impulse C of (A) (or of C of (A)) the price has to build up a pair of waves — and of C of (A).
http://www.alpari-forex.com/files/pic/docs/12/31981_11800.gif
Figure 2. Wave counting on 120 min chart. Possible alternate.
At the same time the price may prefer developing of wave B in the form of a horizontal construction. In this case upward price reversal may occur after the completion of wave or .
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31981_11801.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
At the moment it isn’t clear which of the variant the price will choose. It may prefer a progressive decline — the development of wave of Y. In this case to complete impulse of Y (or (i) of of Y) the price has to build up a pair of waves — iv and v of (v) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31981_11802.gif
Figure 4. Wave counting on 120 min chart. Possible alternate.
At the same time the price may prefer developing of wave in the form of a horizontal construction. In this case upward price reversal may occur after the completion of wave (b) or (x).
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31981_11803.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
Corrective wave (B) of in the form of a triple zigzag is fully completed with waves and taking into consideration the approximate equality of the main acting waves it may be considered completed. At the same time price movement according to the alternate scenario (it is plotted in the chart with the grey color) isn’t ruled out.
http://www.alpari-forex.com/files/pic/docs/12/31981_11804.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
In case the price chooses the alternate scenario its downward movement may continue.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/12/31981_11805.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
At the moment it isn’t clear which of the variants the price will choose. It may prefer a progressive rise — the development of wave of Y. In this case to complete impulse of Y (or (i) of of Y) the price has to build up a pair of waves — (iv) and (v) of of Y.
http://www.alpari-forex.com/files/pic/docs/12/31981_11806.gif
Figure 8. Wave counting on 120 min chart. Possible alternate.
At the same time the price may prefer developing of wave in the form of a horizontal construction. In this case downward price reversal may occur after the completion of wave (b) or (x).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)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.comOctober 3, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Last weekend a forecast about possible reversal of the long trend in the pair USD/CAD in the near future was released (refer to the article Possible Ending of the Canadian Dollar’s Decline).
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11830.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition confirms long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/31996_11831.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to build up a pair of waves — and of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/31996_11832.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may complete this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11833.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
The supposed downward zigzag -- of Y? may be completing. If this supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/31996_11834.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to build up a pair of waves — (iv) and (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/31996_11835.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be competed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11836.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
The supposed upward wave of V may be completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/31996_11837.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
A downward structure that has been forming since August may represent impulse 1 or (A). If the supposition is true after the completion of correction 2 or (B) is confirmed the downtrend must continue.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/31996_11838.gif
Figure 9. Wave counting on the weekly chart. Variant 3dz.
The supposed upward zigzag -- of Y? may be completing. If the supposition is true a long-term downtrend may be expected form the next week.
http://www.alpari-forex.com/files/pic/docs/12/31996_11839.gif
Figure 10. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to build up a pair of waves — (iv) and (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/31996_11840.gif
Figure 11. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may complete this week. There remains for us to expect the confirmation of this.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 6, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that a week-long strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Local Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. But until the change of the trend against the dollar is confirmed we may speak about this only suppositionally.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11858.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32026_11859.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32026_11860.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11861.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32026_11862.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32026_11863.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11864.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32026_11865.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
A downward structure that has been developing since August may represent impulse A of (W) of the supposed zigzag (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32026_11866.gif
Figure 9. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completing. If the supposition is confirmed a long-term downtrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32026_11867.gif
Figure 10. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32026_11868.gif
Figure 11. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may complete this week. There remains for us to expect the confirmation of this.
5. USD/CADIn the article Possible Ending of the Canadian Dollar’s Decline it was supposed that a considerable decline of USD/CAD would start after the completion of wave C of (4) of in the near term.
http://www.alpari-forex.com/files/pic/docs/12/32026_11869.gif
Figure 12. Wave counting on 60 min USD/CAD chart.
Supposedly wave (v) of of C decided to develop an extension. After its completion it is natural to expect the completion of wave C and a downward reversal of the long-term trend.
http://www.alpari-forex.com/files/pic/docs/12/32026_11870.gif
Figure 13. Wave counting on 720 min USD/CAD chart.
The ending impulse of C of (4) of impulse C of (4) may reach 162% of the length of the first wave of C of (4). After its completion it is natural to expect the completion of wave C and a downward reversal of the long-term trend (if wave of C of (4) doesn’t decide to develop an extension).
http://www.alpari-forex.com/files/pic/docs/12/32026_11871.gif
Figure 14. Wave counting on the weekly USD/CAD chart.
Wave (4) of has already crossed the confirmatory level 1.0930 and entered the territory of wave (1) of , thus confirming indirectly my supposition about the development of wave in the form of an expanding diagonal triangle. The critical level for this scenario remains the terminus of wave (2) of .
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 7, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that a week-long strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Local Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. But until the change of the trend against the dollar is confirmed we may speak about this only suppositionally.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11888.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32037_11889.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the firs wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32037_11890.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11891.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected form the next week.
http://www.alpari-forex.com/files/pic/docs/12/32037_11892.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32037_11893.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11894.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32037_11895.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing.
http://www.alpari-forex.com/files/pic/docs/12/32037_11896.gif
Figure 9. Wave counting on 120 min chart. Variant 3dt.
If the supposition of the structure of impulse C of (W) is true its development may be completed this week. There remains for us to expect the confirmation of this.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32037_11897.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completing. If the supposition is confirmed a long-term downtrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32037_11898.gif
Figure 11. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32037_11899.gif
Figure 12. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 8, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that a week-long strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Local Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. But until the change of the trend against the dollar is confirmed we may speak about this only suppositionally.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11910.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32043_11911.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32043_11912.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11913.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
http://www.alpari-forex.com/files/pic/docs/12/32043_11914.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32043_11915.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11916.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32043_11917.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing.
http://www.alpari-forex.com/files/pic/docs/12/32043_11918.gif
Figure 9. Wave counting on 120 min chart. Variant 3dt.
If the supposition of the structure of impulse C of (W) is true its development may be completed this week. There remains for us to expect the confirmation of this.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32043_11919.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completed. If the supposition is confirmed a long-term downtrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32043_11920.gif
Figure 11. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32043_11921.gif
Figure 12. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 9, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting doesn’t rule out that multi-day strengthening of the US dollar (refer to Possible Beginning of the US Dollar’s Strengthening (Daily Wave Analysis September 30, 2008)) has entered the ending phase. At the moment the dollar pair under consideration are moving mixed that may speak indirectly about approaching trend reversal. There remains for us to expect the confirmation of this.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11937.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32050_11938.gif
Figure 2. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completing. In this case the price has to complete wave of C of (A)?.
But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
http://www.alpari-forex.com/files/pic/docs/12/32050_11939.gif
Figure 3. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse C is true its development may be completed this week. There remains for us to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11940.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completing. If the supposition is confirmed a long-term uptrend may be expected from the next week.
The fact that the price reached 4-year low that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32050_11941.gif
Figure 5. Wave counting on 480 min chart. Variant 1.
Supposedly the second leg of Y? of downward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this downward impulse can prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32050_11942.gif
Figure 6. Wave counting on 120 min chart. Variant 1.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11943.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of a long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32050_11944.gif
Figure 8. Wave counting on 480 min chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (x) of .
http://www.alpari-forex.com/files/pic/docs/12/32050_11945.gif
Figure 9. Wave counting on 120 min chart. Variant 3dt.
If the supposition of the structure of impulse C of (W) is true its development may be completed this week. There remains for us to expect the confirmation of this.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32050_11946.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completing. If the supposition is confirmed a long-term downtrend may be expected from the next week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32050_11947.gif
Figure 11. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completing. In this case the price has to complete wave (v) of of Y?.
But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
http://www.alpari-forex.com/files/pic/docs/12/32050_11948.gif
Figure 12. Wave counting on 120 min chart. Variant 3dz.
If the supposition of the structure of impulse is true its development may be completed this week. There remains for us to expect the confirmation of this.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Possible Ending of the Canadian Dollar’s Decline [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 10, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The article released yesterday makes the wave counting of USD/CAD on the large time-frames more precise and doesn’t rule out the beginning of a new stage of the US dollar’s weakening in the nearest future (refer to Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)).
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11988.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is almost completed. If the supposition is confirmed the beginning of a long—term uptrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32073_11989.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/12/32073_11990.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11991.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t rule out that the supposed downward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term uptrend may be expected this week.
The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32073_11992.gif
Figure 5. Wave counting on the daily chart. Variant 1.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/12/32073_11993.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
Supposedly the second keg of Y? of downward zigzag Y? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11994.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/12/32073_11995.gif
Figure 8. Wave counting on the daily chart. Variant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of .
http://www.alpari-forex.com/files/pic/docs/12/32073_11996.gif
Figure 9. Wave counting on 480 min chart. Variant 3dt.
If the supposition of the structure of zigzag A-B-C of (W) is true it might be completed. The development of a horizontal or upward correction (X) of , which can start this week will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/12/32073_11997.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term downtrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/12/32073_11998.gif
Figure 11. Wave counting on the daily chart. Variant 3dz.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/12/32073_11999.gif
Figure 12. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completed. There remains to expect the confirmation of this. But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzagY?.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 13, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Price movement of currencies on small time-frames remains mixed. The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12012.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completed. If the supposition is confirmed the beginning of a long—term uptrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/13/32080_12013.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/13/32080_12014.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
Supposedly the second leg C of (A)? of downward zigzag (A)? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave of C of the ending leg C of (A)? of zigzag (A)?.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12015.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
It isn’t rule out that the supposed downward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term uptrend may be expected this week.
The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/13/32080_12016.gif
Figure 5. Wave counting on the daily chart. Variant 1.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/13/32080_12017.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
Supposedly the second keg of Y? of downward zigzag Y? is completed. There remains for us to expect the confirmation of this. But this downward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzag Y?.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12018.gif
Figure 7. Wave counting on the weekly chart. Vatiant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
http://www.alpari-forex.com/files/pic/docs/13/32080_12019.gif
Figure 8. Wave counting on the daily chart. Vatiant 3dt.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of .
http://www.alpari-forex.com/files/pic/docs/13/32080_12020.gif
Figure 9. Wave counting on 480 min chart. Vatiant 3dt.
If the supposition of the structure of zigzag A-B-C of (W) is true it might be completed. The further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32080_12021.gif
Figure 10. Wave counting on the weekly chart. Vatiant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? is completed. If the supposition is confirmed the beginning of a long-term downtrend may be expected this week.
The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition.
http://www.alpari-forex.com/files/pic/docs/13/32080_12022.gif
Figure 11. Wave counting on the daily chart. Vatiant 3dz.
The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
http://www.alpari-forex.com/files/pic/docs/13/32080_12023.gif
Figure 12. Wave counting on 480 min chart. Vatiant 3dz.
Supposedly the second leg of Y? of upward zigzag Y? is completed. There remains to expect the confirmation of this. But this upward impulse may prove to be only the first wave (i) of of the ending leg of Y? of zigzagY?.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 14, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The reversal of a long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12044.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12045.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12046.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12047.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completed and the first waves of a long-term uptrend are developing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12048.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32103_12049.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32103_12050.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32103_12051.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completed and the first waves of a long-term uptrend are developing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12052.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32103_12053.gif
Figure 1. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32103_12054.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32103_12055.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected. The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of . Further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32103_12056.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12057.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12058.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32103_12059.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
It isn’t ruled out that the supposed upward zigzag -- of Y? Is completed and the first waves of a long-term downtrend are developing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 15, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12086.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12087.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12088.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12089.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the larger time-frames hasn’t changed. It isn’t ruled out that the supposed downward zigzag A-B-C of (A)? is completed. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
But so there is no confirmation of the long-term trend reversal and the counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward (the alternate variant of counting at the bottom of the chart).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12090.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32116_12091.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32116_12092.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32116_12093.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
It isn’t ruled out that the supposed downward zigzag -- of Y? is completed and the first waves of the long-term uptrend are developing. It isn’t ruled out that the supposed downward zigzag -- of Y? is completed and the first waves of a long-term uptrend are developing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, serves as an additional argument in the favor of this supposition. The divergence between the price and RSI may serve as one more argument in the favor of the trend reversal against the dollar.
But do far there is no confirmation of the long-term trend reversal and the wave counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12094.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32116_12095.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32116_12096.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32116_12097.gif
Figure 12. Wave counting on the daily chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of . Further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12098.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12099.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12100.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32116_12101.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
It isn’t ruled out that the supposes upward zigzag -- of Y? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) can serve as an additional argument in the favor of this supposition. The divergence between the price and RSI is one more argument in the favor of the trend reversal against the dollar.
5. USD/CADIn the article Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF) the long-term trend reversal against the US dollar in the near future was supposed.
http://www.alpari-forex.com/files/pic/docs/13/32116_12102.gif
Figure 17. Wave counting on 120 min USD/CAD chart.
http://www.alpari-forex.com/files/pic/docs/13/32116_12103.gif
Figure 18. Wave counting on 720 min USD/CAD chart.
At the moment the wave counting confirms the supposition released earlier but it doesn’t rule out the ending price thrust upward.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 16, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12123.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12124.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12125.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12126.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the bigger time-frames hasn’t changed. Judging by the internal wave structure the downward zigzag A-B-C of (A)? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term trend reversal and the counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward, and the updated counting on the last two charts show this.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12127.gif
Figure 5. Wave counting on daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32136_12128.gif
Figure 6. Wave counting on daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32136_12129.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32136_12130.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Judging by the internal wave structure downward zigzag -- of Y? Is completing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term trend reversal and the counting on the smaller time-frames doesn’t rule out developing of the ending price thrust downward, and the updated counting on the last two charts show this.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12131.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32136_12132.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32136_12133.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32136_12134.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposes upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of . Further development of upward correction (X) of will serve as the confirmation of this supposition.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32136_12135.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12136.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12137.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32136_12138.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
Judging by the internal wave structure the supposed upward zigzag -- of Y? May be completed. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 17, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12169.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12170.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12171.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
The wave counting on the larger time-frames hasn’t changed. Judging by the internal wave structure the downward zigzag A-B-C of (A)? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term reversal and the wave counting on the smaller time-frames doesn’t rule out developing of the ending price thrust down.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 4 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12172.gif
Figure 4. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32153_12173.gif
Figure 5. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32153_12174.gif
Figure 6. Wave counting on 480 min chart. Variant 1.
Judging by the internal wave structure the downward zigzag -- of Y? is completing. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD and the divergence between the price and RSI may serve as additional arguments in the favor of the trend reversal against the dollar.
But so far there is no confirmation of the long-term reversal and the wave-counting on the smaller time-frames doesn’t rule out developing of the ending price thrust down.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12175.gif
Figure 7. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32153_12176.gif
Figure 8. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32153_12177.gif
Figure 9. Wave counting on 480 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W). If the supposition is true wave may assume the shape of a double or triple zigzag while the downtrend will continue developing after the completion of correction (X) of .
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 10 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32153_12178.gif
Figure 10. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12179.gif
Figure 11. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32153_12180.gif
Figure 12. Wave counting on the weekly chart. Variant 3dz.
Judging by the internal wave structure the supposed upward zigzag -- of Y? is completing. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI can serve as additional arguments in the favor of the trend reversal against the.
But so far there is no confirmation of the long-term trend reversal and the wave-counting on the smaller time-frames doesn’t rule out developing of the ending price thrust upward.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 20, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The reversal of the long-term trend against the US dollar might be developing and the process may take some time. There remains for us to expect the confirmation or disproof of this supposition.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12194.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12195.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12196.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12197.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
Judging by the wave structure of downward zigzag A-B-C of (A)?, the completion of impulse of C of (A)?, and consequently of the whole zigzag A-B-C of (A)? should be expected in the near future. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12198.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32162_12199.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32162_12200.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32162_12201.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
Judging by the wave structure of the downward zigzag -- of Y?, the completion of impulse (v) of of Y of (E)?, and consequently of the whole zigzag -- of Y? should be expected. The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD and the divergence between the price and RSI, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12202.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32162_12203.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32162_12204.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32162_12205.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V)may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W) — refer to preceeding daily forecasts (for exampleDaily-201008).
But taking into account inconsiderable duration and depth of the last correction (wave 4 of (A)? of in the current Figures), we may suppose that downward impulse (A)?, the first wave 1 of (A) and the third wave 3 of (A) of which are approximately equal, is developing. If the supposition is true the development of wave 5 of (A) may be expected in the form of an extension and with good perspectives for mid-term short positions.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32162_12206.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12207.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12208.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32162_12209.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
Judging by the wave structure of upward zigzag -- of Y, the completion of impulse (v) of of Y, and consequently of the whole zigzag -- of Y should be expected in the near future. The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book) and the divergence between the price and RSI, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 21, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The wave counting on the bigger time-frames speaks of a possible mid-term trend reversal against the US dollar in the near future. But on the smaller time-frames the US dollar’s strengthening hasn’t completed yet. There remains for us to wait patiently for developing of the expecting reversal.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12229.gif
Figure 1. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12230.gif
Figure 2. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12231.gif
Figure 3. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12232.gif
Figure 4. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the bigger time-frames speaks of a possible mid-term trend reversal against the US dollar in the near future (the rise of EUR/USD). The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book), the divergence between the price and RSI, a strong resistance level at 1.3, as well as proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
This confirmation will be confirmed if the price fixes beyond the upper border of the channel of impulse of C of (A)? and impulse C of (A)?.
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12233.gif
Figure 5. Wave counting on the weekly chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32180_12234.gif
Figure 6. Wave counting on the daily chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32180_12235.gif
Figure 7. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32180_12236.gif
Figure 8. Wave counting on 120 min chart. Variant 1.
The wave counting on the bigger time-frames speaks of a possible mid-term reversal against the US dollar in the near term (the rise of GBP/USD). The fact that the price reached 4-year low at 1.7 that at the moment can become an unsurpassable barrier for the decline of GBP/USD, the divergence between the price and RSI and proper proportions of the legs of this zigzag may serve as additional arguments in the favor of this supposition.
This supposition will be confirmed of the price fixes beyond the upper border of impulse (v) of of Y of (E)? and impulse of Y of (E)?.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 9 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12237.gif
Figure 9. Wave counting on the weekly chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32180_12238.gif
Figure 10. Wave counting on the daily chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32180_12239.gif
Figure 11. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32180_12240.gif
Figure 12. Wave counting on 120 min chart. Variant 3dt.
It isn’t ruled out that the supposed upward wave of V is completed. If the supposition is confirmed further development of the long-term downtrend (wave of V) may be expected.
The downward structure that has been developing since August may represent zigzag A-B-C of (W) — refer to the preceding daily forecasts (for example Daily-201008).
But taking into account inconsiderable duration and depth of the last correction (wave 4 of (A)? of in the current Figures), it is possible to suppose that a large downward impulse (A)? is developing, the first wave 1 of (A) and the third wave 3 of (A) of which are approximately equal, and at the present wave 4 of (A)? is completing in the form of a horizontal triangle. If the supposition is true the development of wave 5 of (A) may be expected in the form of an extension with good perspectives for mid-term short positions.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 13 for the wave counting draft of this currency on the weekly chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12241.gif
Figure 13. Wave counting on the weekly chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12242.gif
Figure 14. Wave counting on the daily chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12243.gif
Figure 15. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32180_12244.gif
Figure 16. Wave counting on 120 min chart. Variant 3dz.
The wave counting on the bigger time-frames speaks of a possible mid-term trend reversal against the US dollar in the near future (the decline of USD/CHF). The expected so called Elliott’s double retracement that often occurs after the extension in the fifth wave of impulse (refer to Figure 2-8 and comments to it in my book),the divergence between the price and RSI and proper proportions of the legs of this zigzag can serve as additional arguments in the favor of this supposition.
This supposition will be confirmed if the price fixes beyond the lower border of the channel of impulse (v) of of Y of (A)? and impulse of Y of (A)?.
5. USD/CADIn the article Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF) it was supposed that the long-term trend might reverse against the US dollar in the near future.
http://www.alpari-forex.com/files/pic/docs/13/32180_12245.gif
Figure 17. Wave counting on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32180_12246.gif
Fugure 18. Wave counting on 120 min chart.
At the moment the wave-counting on the smaller time-frames confirms the supposition made earlier. Besides MACD 5-34-5 and RSI(8) doesn’t rule out the possibility of the mid-term reversal against the US dollar (the decline of USD/CAD) in the near future.
There remains to expect the price to fix beyond the lower border of the channel of impulse v of (v) of of C and impulse of C.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The US dollar’s strengthening continues.
1. EUR/USDFor survey wave counting of EUR refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12273.gif
Figure 1. Wave counting on 480 min chart. Variant 3dz..
http://www.alpari-forex.com/files/pic/docs/13/32194_12274.gif
Figure 2. Wave counting on 120 min chart. Variant 3dz.
The supposes zigzag A-B-C of (A) completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse of C of (A) and of impulse C of (A).
2. GBP/USDFor survey wave counting of GBP refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12275.gif
Figure 3. Wave counting on 480 min chart. Variant 1.
http://www.alpari-forex.com/files/pic/docs/13/32194_12276.gif
Figure 4. Wave counting on 120 min chart. Variant 1.
Zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the upper border of the channel of impulse (v) of of Y and of impulse of Y.
3. USD/JPYFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12277.gif
Figure 5. Wave counting on 480 min chart. Variant 3dt.
http://www.alpari-forex.com/files/pic/docs/13/32194_12278.gif
Figure 6. Wave counting on 120 min chart. Variant 3dt.
The supposed impulse (A) completes developing (if wave 5 of (A) doesn’t decide to develop an extension). Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse 5 of (A) and impulse (A) itself.
4. USD/CHFFor survey wave counting of JPY refer to the article The Review of the Bigger Time-Frames (IV quarter of 2008) and Monthly-1008. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/13/32194_12279.gif
Figure 7. Wave counting on 480 min chart. Variant 3dz.
http://www.alpari-forex.com/files/pic/docs/13/32194_12280.gif
Figure 8. Wave counting on 120 min chart. Variant 3dz.
The supposed zigzag -- of Y completes developing. Its completion will be confirmed if the price fixes beyond the lower border of the channel of impulse (v) of of Y and of impulse of Y.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, October 2008[*]EUR/USD, Monthly Wave Analysis, October 2008[*]GBP/USD, Monthly Wave Analysis, October 2008 [*]USD/JPY, Monthly Wave Analysis, October 2008 [*]USD/CHF, Monthly Wave Analysis, October 2008 [*]The Review of the Bigger Time-Frames (IV quarter of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)[*]Again the Canadian Dollar and Other Dollar Pairs (USD/CAD, EUR/USD, GBP/USD, USD/CHF)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comOctober 23, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
http://blog.macd.cn/3046241/viewspace-52253