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发表于 2009-4-20 09:44
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The order of consideration of the currency pairs has been changed: EUR/USD, GBP/USD, JPY/USD, USD/CHF.
Introduction
1) If the supposition about the wedge forming of EUR/USD, USD/CHF and USD/JPY is confirmed, its fourth wave iv may be forming this week, supposedly in the shape of the (double) zigzag (refer to Figures 4-6 in my book).
2) Alternate scenarios, described in details in Annual-07 and Monthly-0207, have not been annulled yet.
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. EUR/USD
For EUR survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.

Figure 1. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) is forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 2, below).
If the supposition is confirmed, the ending of wave iv of (a) (or [2] of v of (a)) may form above the key pulse point.
In the mid-term plan uptrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.

Figure 2. Wave counting on 120 min chart.
The wedge is one of possible scenarios of upward movement. According to the guidelines for alternation wave iv in the shape of the double (triple) zigzag may be expected (refer to pictures 4-6 of my book). If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
The price does not hurry downwards, forming the “Head and Shoulders”, a classical pattern of the technical analysis. Possible minimum target is around 1.3025.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
2. GBP/USD
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.

Figure 3. Wave counting on 480 min chart.
Wave [x] may be assuming the shape of the horizontal correction in the form of the double three, it is not completed yet. In this case wave (y) may assume the shape of the zigzag, with fulfilled alternation guidelines for zigzags (refer to page 140 of my book).
In the mid-term plan correction [x] is expected to complete. The wave picture is supposed to clear. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.

Figure 4. Wave counting on 120 min chart.
Finishing leg c of zigzag (y) is supposed to be forming in the shape of the diagonal triangle, which last wave [5] of c is assuming the shape of the double zigzag.
In the short-term plan local downtrend is supposed to continue, wave picture is expected to clear. Price movement forecast and support/resistance levels are shown in the chart.
3. USD/JPY
For survey wave counting of this currency refer to Annual-07 and Monthly-0207. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.

Figure 5. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (i) is forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 6, below).
If the supposition is confirmed, the ending of wave iv of (i)? (or [2] of v of (i)?) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement 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.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the double (triple) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
The price has reached the minimum specified targets, having formed the first retracement in the price area of wave [5] of iii, wave iv forming is not completed yet.
In the short-term plan forming of deep correction iv of wedge (i) is expected. Price movement forecast and support/resistance levels are shown in the chart.
4. USD/CHF
For CHF survey wave counting refer to Annual-07 and Monthly-0207. Refer to Figure 7 for the wave counting draft for this currency on 480 min chart.

Figure 7. Wave counting on 480 min chart.
Of course, it is just a supposition that wave (a) starts forming in the shape of the wedge, though the inner wave structure allows to bring this scenario to the foreground (refer to Figure 8, below).
If the supposition is confirmed, the ending of wave iv of (a) (or [2] of v of (a)) may form above the key pulse point.
In the mid-term plan downtrend is supposed to keep forming. Either main or alternate scenario is expected to be confirmed. Price movement forecast and support/resistance levels are shown in the chart. For more details refer to the following picture.

Figure 8. Wave counting on 120 min chart.
The wedge is one of possible scenarios of downward movement. According to the guidelines for alternation wave iv in the shape of the double (triple) zigzag may be expected. If the supposition is confirmed, a good play in favor of the dollar and then against it is possible.
In the short-term plan forming of deep correction iv of wedge (a) is expected. Price movement forecast and support/resistance levels are shown in the chart.
Reference
February 22, 2007 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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