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发表于 2009-4-18 21:07
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Introduction
The European currencies found themselves in an interesting situation. The impulse in favor of the dollar, which has been forming since Monday, may be the final wave of the whole correction (wave (iv)). However as the impulse is quite short we may assume that the correction will continue. It may be the first wave of the final impulse c, which may end on June 23-26.
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, June, 2006, Possible nearest perspectives of the main currency pairs (EWA) and [/en/analytics/ew/2fourthwaves.html __Two possible fourth waves till the mid of June (EWA). Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.

Figure 1. Wave counting on 480 min chart.
According to the alternate scenario described in Monthly-0606, extended correction is forming.
In the mid-term perspective correction may be expected to continue till June 23-26. Price movement schematic forecast and support/resistance levels are shown in the chart. For details refer to Figure 2.

Figure 2. Wave counting on 120 min chart.
One of possible variants of wave counting is shown in Figure 2.
In the short-term plan impulse [1]? is expected to complete, correction (wave [2]) is supposed to begin. 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, June, 2006, Possible nearest perspectives of the main currency pairs (EWA) and Two possible fourth waves till the mid of June (EWA). Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.

Figure 3. Wave counting on 480 min chart.
According to the alternate scenario described in Monthly-0606, extended correction is forming.
In the mid-term perspective correction may be expected to continue till June 23-26. Price movement schematic forecast and support/resistance levels are shown in the chart. For details refer to Figure 4.

Figure 4. Wave counting on 120 min chart.
One of possible variants of wave counting is shown in Figure 4.
In the short-term plan impulse [1]? is expected to complete, correction (wave [2]) is supposed to begin. 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, June, 2006, Possible nearest perspectives of the main currency pairs (EWA) and Two possible fourth waves till the mid of June (EWA). Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.

Figure 5. Wave counting on 480 min chart.
According to the alternate scenario described in Monthly-0606, extended correction is forming.
In the mid-term perspective correction may be expected to continue till June 23-26. Price movement schematic forecast and support/resistance levels are shown in the chart. For details refer to Figure 6.

Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is shown in Figure 6.
In the short-term plan impulse [1]? is expected to complete, correction (wave [2]) is supposed to begin. 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, June, 2006, Possible nearest perspectives of the main currency pairs (EWA) and Two possible fourth waves till the mid of June (EWA). Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.

Figure 7. Wave counting on 480 min chart.
Extended wave (iv) is supposed to be forming.
In the mid-term perspective complicated wave (iv) is expected to keep forming. Wave picture is supposed to become clearer. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
June 8, 2006 The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd. |
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