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发表于 2009-4-19 09:14
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Introduction
Adjusted variants of wave counting are given in Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD).
Final prices movement against the dollar, described in Monthly-0906, is still expected.
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 Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD). Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.

Figure 1. Wave counting on 480 min chart.
Corrective wave of flat B or 2 is supposed to be completed. Though it is not confirmed yet.
In the mid-term perspective confirmation of correction of B or 2 completion is expected. Downward wave [c] of B or 2 is supposed to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.

Figure 2. Wave counting on 120 min chart.
First waves of downtrend (wave [c]) are supposed to be forming.
In the short-term perspective confirmation of correction completion and further forming of downward wave [c] are expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly Wave Analysis, September, 2006, Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD). Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.

Figure 3. Wave counting on 480 min chart.
Forming of corrective wave of zigzag Z in the shape of the double three pattern is supposed to be completed. Though it is not confirmed yet.
In the mid-term perspective confirmation of correction of Z completion and forming of upward wave [c] of Z are expected. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.

Figure 4. Wave counting on 120 min chart.
First waves of uptrend (wave [c]) are supposed to be forming.
In the short-term perspective confirmation of correction completion and further forming of upward wave [c] are expected. 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 Daily-070906 and Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD). Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.

Figure 5. Wave counting on 480 min chart.
Forming of corrective wave (iv) of [c] in the shape of the zigzag is supposed to be completed. First waves of uptrend are forming. For details refer to Figure 6.
In the mid-term perspective upward wave (v) of [c] is expected to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart.

Figure 6. Wave counting on 120 min chart.
Forming of first waves i and ii of uptrend (wave (v)) is supposed to be completed.
In the short-term perspective forming of upward wave (v) is supposed to continue. 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, September, 2006, Possible scenarios of USD strengthening (EWA of CHF, EUR, GBP, JPY, CAD). Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.

Figure 7. Wave counting on 480 min chart.
Wave of correction 2 is supposed to be completed, it is assuming the shape of the flat. It is not confirmed yet.
In the mid-term perspective downward wave [c] of 2 is supposed to keep forming. Price movement schematic forecast and support/resistance levels are shown in the chart. For details refer to Figure 8.

Figure 8. Wave counting on 120 min chart.
First waves of downtrend (wave [c]) are expect to be forming.
In the short-term perspective forming of upward wave (v) is supposed to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
In the short-term perspective confirmation of correction completion and further forming of downward wave [c] are expected. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
September 19, 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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