Monthly Wave Analysis, November, 2007

Introduction

It should be noted that there are no reasons to say that the trend against the dollar is completed. In summer several most probable scenarios of behaviour of the main dollar pairs, considered in Annual-07(2), came into the forefront by turns. Currently scenario v.3 is preferable for the European currencies and scenario v.2 for the yen, the reasons of it are given in article Let's Analyse Zigzag Construction.

Judging by the wave picture local correction in favor of the dollar seems to be urgent. Its depth may help choose one of the most probable scenarios considered in the correspondent parts of this forecast.

Note

This report reveals the analyst opinion of the situation at the moment of its release . This report is subject to change, it will be reflected in daily analyses or in additional articles in Wave analysis.

It should be remembered that EWA forecasts show probable price movements.

Reference

• FOREX Forecast for 2007
• FOREX Forecast for the 2nd Half of 2007

• EUR/USD (Monthly Wave Analysis, November, 2007)
• GBP/USD (Monthly Wave Analysis, November, 2007)
• USD/JPY (Monthly Wave Analysis, November, 2007)
• USD/CHF (Monthly Wave Analysis, November, 2007)

• Imaginary Skewer
• Check point. USD fall may continue till May 2007
• Check point. Normal flight.
• Possible perspectives of the European currencies for 2007
• Check Point, Intermediate Results and Nearest Perspectives
• Alternate but Real Weakening of the Dollar till the End of the Summer (or the End of 2007)
• Let's Analyse Zigzag Wave Construction

• Wave analysis
• Elliott's Code: Wave Analysis of the FOREX Market
• Wave Counting Marking
• Methods of Price Movement Projection (EWA)
• How to Apply EWA Forecasts

Dmitry Voznuy
forDmitry@yahoo.com

October 28, 2007

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