|
Above the key pulse point local trend reverse was observed. In order to confirm the annual forecast the trend in favor of the dollar must be confirmed.
Possible Nearest Perspectives of the Major Currencies
Trend may have already reversed in favor of the dollar as it was supposed in Annual-07. But there it was also specified that:
«…__confirmation of completion of more than annual prices movement against the dollar (that is the fact of completion of wave (B) or (X) of [B] for the main European currencies) is the main event expected in 2007 from the point of view prices movement forecasting __.»
It should be noted it has not been confirmed yet. Up to the present moment the price has not fixed behind the confirmatory levels and has not broken the edges of the trend channels.
That is why supposed and most probable price movement till the end of 2007, given in Figures 5..8 below, is very vulnerable.
Possible patterns which shape may be assumed by the global correction [B], as well as alternate scenarios, were described in details in Annual-07 and Check Point, Normal Flight.
The only thing we can do is to wait till the price chooses a scenario.
|
