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- 2006-7-3
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发表于 2009-4-13 11:37
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Introduction
EUR and CHF broke the critical level, GBP and JPY are still in a sideways movement. It makes me think that it is the last but one corrective wave (wave (B)) which continues (for JPY – wave 4), rather than the final wave.
Note
- Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.
- The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.
- Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.
- It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.
- Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.
- Survey wave counting, alternate variants and possible schematic price movements are given in:
1. USD/CHF
For CHF survey wave counting refer to Monthly Wave Analysis, March, 2006. Refer to Figure 1 for the wave counting draft for this currency on 480M chart.
Figure 1. Wave counting on 480M chart.
Two possible variants of wave counting are shown in Figure 1. Wave (b) ending is the critical level for the current counting.
In the mid-term plan uptrend is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
The above information about CHF is the mirror image of that one about EUR. For EUR survey wave counting refer to Monthly Wave Analysis, March, 2006. Refer to Figure 2 for the wave counting draft of this currency on the 480M chart.
Figure 2. Wave counting on 480M chart.
Two possible variants of wave counting are shown in Figure 2. Wave (b) ending is the critical level for the current counting.
In the mid-term plan downtrend is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly Wave Analysis, March, 2006. Refer to Figure 3 for the wave counting draft of this currency on the 480M chart.
Figure 3. Wave counting on 480M chart.
Two possible variants of wave counting are shown in Figure 3. Wave ii ending is the critical level for the current counting.
In the mid-term plan downtrend is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly Wave Analysis, March, 2006. Refer to Figure 4 for the wave counting draft of this currency on the 480M chart.
Figure 4. Wave counting on 480M chart.
Possible JPY movement was described in details in Project Targets for 2006-2007, USDJPY (Wave Analysis).
Several variants of wave counting of the final part of the chart are shown in Figure 4.
Wave 4 may keep forming. In this case wave [e] of 4 is assuming the shape of the horizontal triangle, forming nine-wave horizontal triangle.
In the mid-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
March 31, 2006 The ideas given above are purely informational purpose only. This report was translated by Natalya.
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