Daily Wave Analysis December 1, 2008


for example, forex

1) The forecast for December was released on Sunday morning.

2) Variants of possible ending of another round of the US dollar’s strengthening were considered in Monthly-1208.

1. EUR/USD

For survey wave counting of EUR refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 1. Wave counting on 480 min chart. Variant 3dz.
Figure 1. Wave counting on 480 min chart. Variant 3dz.

It isn’t ruled out that the downtrend at the moment is developing in the form of impulse 1-2-3-4-5, not a zigzag. A pair of variant of possible ending of the supposed impulse are shown in the Figure.

2. GBP/USD

For survey wave counting of GBP refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 2. Wave counting on 480 min chart. Variant 1.
Figure 2. Wave counting on 480 min chart. Variant 1.

It isn’t ruled out that the downtrend at the moment is developing in the form of impulse (i)-(ii)-(iii)-(iv)(v), not a zigzag. A variant of possible ending of the supposed impulse is shown in the Figure.

3. USD/JPY

For survey wave counting of JPY refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 3. Wave counting on 480 min chart. Variant 3dt.
Figure 3. Wave counting on 480 min chart. Variant 3dt.

The current wave construction allows several variant of counting a pair of which is given on the carts. Scenario synchronous with the European currencies is presented on the chart.

4. USD/CHF

For survey wave counting of CHF refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 4. Wave counting on 480 min chart. Variant 3dz.
Figure 4. Wave counting on 480 min chart. Variant 3dz.

It isn’t ruled out that the uptrend at the moment is developing in the form of a diagonal triangle [i]-[ii]-[iii]-[iv]-[v], not an impulse. A variant of possible ending of the supposed diagonal triangle is shown in the Figure.

Note


Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.


Reference


Dmitry Voznuy
forDmitry@yahoo.com

December 1, 2008

When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.




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