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发表于 2009-4-19 17:17
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Introduction
Zigzag variant of current price movement against the dollar and possible alternate scenario tend to prevail.
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-1006 and article 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.
Final downward wave Z is supposed to be forming, it may assume the shape of the zigzag (ordinary, double or triple).
In the mid-term perspective downtrend forming is supposed to continue, wave X completion is expected to be confirmed. 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.
Judging by current downward waves correlations the first pattern may assume the shape either of the impulse (a) or zigzag (w).
In the short-term plan downtrend forming is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1006, 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.
Final upward wave Z is supposed to be forming, it may assume the shape of the zigzag (ordinary, double or triple).
In the mid-term perspective uptrend forming is supposed to continue, wave X completion is expected to be confirmed. 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.
Judging by current upward waves correlations the first pattern may assume the shape either of the impulse (a) or zigzag (w).
In the short-term plan uptrend forming is expected to continue. 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-1006, 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.
Final upward wave [c] is supposed to be forming, it may assume the shape of the impulse or diagonal triangle.
In the mid-term perspective uptrend forming is supposed to continue, corrective wave completion is expected to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.

Figure 6. Wave counting on 120 min chart.
Judging by current correlation of the first upward waves, final wave [c] may assume the shape of the diagonal triangle.
In the short-term plan uptrend forming is expected 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-1006, 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.
Final downward wave [c], which may assume the shape of the impulse or diagonal triangle, is supposed to be forming.
In the mid-term perspective downtrend forming is supposed to continue, wave *** completion is supposed to be confirmed. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.

Figure 8. Wave counting on 120 min chart.
Judging by current correlation of the first downward waves, final wave [c] may assume the shape of the diagonal triangle.
In the short-term plan downtrend forming is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
October 24, 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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