Forex Wave Analysis and Forecast

The goal of the Elliott wave analysis is to use the price move’s laws during its work, as for the market movement is characteristic a wave-like nature. The main instrument of Forex wave analysis is the price itself (the graph). The charts, where the price moves occur, are marked by analysts on the main waves and the sub-waves, respectively. The forecasts regarding the forthcoming price moves are formed grounding on the above mentioned marks.


Wave Analysis 24.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 24.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, after finishing the descending impulse in the wave [i] and the correctional wave [ii], the EUR/USD pair started forming the descending exten...

Wave Analysis 23.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 23.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, after finishing the impulse in the wave [i] and the correctional wave [ii], the EUR/USD pair started forming the wave [iii]. Consequently, a...

Wave Analysis 22.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 22.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” It looks like after finishing the descending impulse in the wave [i] and the correctional wave [ii] in the form of the zigzag, the EUR/USD pair is sta...

Wave Analysis 21.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 21.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” In case of the ERU/USD pair, the price may yet continue forming the correctional wave [ii]. As a result, in the nearest future the market may reach a ...

Wave Analysis 20.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 20.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” In case of the ERU/USD pair, the price is still forming the wave [ii]. Earlier, the pair completed the descending impulse in the wave [i]. As a result...

Wave Analysis 17.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 17.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” After finishing the bearish impulse in the wave [i], the EUR/USD pair started the correction. It’s highly likely that in the nearest future the market...

Wave Analysis 16.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 16.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” After finishing the zigzag in the wave 2, the EUR/USD pair completed the descending impulse in the wave [i]. Right now, the pair is being corrected. I...

Wave Analysis 15.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 15.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair continues forming the wave [iii]. Earlier, the price finished the zigzag in the wave 2 and the descending impulse in the wave [i]. In...

Wave Analysis 14.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 14.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” After finishing the zigzag in the wave 2, the EUR/USD pair resumed moving downwards. Possibly, at the moment the price is forming the descending exten...

Wave Analysis 13.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 13.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” After finishing the zigzag in the wave 2, the EUR/USD pair formed the descending impulse in the wave [i] along with the correctional wave [ii]. Conseq...

Wave Analysis 10.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 10.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” After finishing the zigzag in the wave 2, the EUR/USD pair resumed falling and later formed the impulse in the wave [i] along with the correctional wa...

Wave Analysis 09.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 09.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, after finishing the wave 2 in the form of the zigzag, the EUR/USD pair formed the descending impulse in the wave [i]. Consequently, after fi...

Wave Analysis 08.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 08.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, after finishing the descending wedge in the wave 1, the EUR/USD pair completed the wave 2 in the form of the zigzag. As a result, in the nea...

Wave Analysis 07.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 07.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” It’s highly likely that the EUR/USD pair completed the wave 2 in the form of the zigzag. As a result, the price may form the descending impulse in the...

Wave Analysis 06.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 06.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair completed the wave 2 in the form of the zigzag. On a shorter timeframe, the price if forming the descending impulse in the ...

Wave Analysis 03.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 03.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Possibly, the EUR/USD pair completed the wave 2 in the form of the zigzag. Earlier, the price had finished the bearish wedge in the wave 1. If later t...

Wave Analysis 02.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 02.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair is still forming the ascending impulse [c] of the zigzag in the wave 2. On Thursday, the market may continue moving upwards...

Wave Analysis 01.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 01.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair is still forming the ascending impulse [c] of the zigzag in the wave 2. In the nearest future, the market may continue movi...

Wave Analysis 31.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 31.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, after finishing the wave 1 in the form of the descending wedge, the EUR/USD pair completed the wave 2 in the form of the zigzag. As a result...

Wave Analysis 30.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 30.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” It looks like last week the EUR/USD pair completed the wave 2 in the form of the zigzag. Earlier, the price had finished the wave 1 in the form of the...


Determination of Preliminary Variations of Price Movement, as the Essence of Forex Wave Analysis  

The main postulates of the Elliott wave analysis state that for the price move on any market is characteristic the wave motion, which allows to forecast the further development of situation. The Forex wave analysis provided to you by the best Forex brokers enables to figure out the preliminary variations of the price move continuation, the approximate and the minimum potential of the given options, and knowing the criteria of their approval, use any of them for profit earning, realizing which one is taken for the profit earning, in order to keep the chosen wave till the end of transaction. It should identify the impulse waves and the corrective ones, as the price movement is divided into two main groups of waves:

  • Impulses - that move the wave’s price either upward, or downward (marked by numerals)
  • Corrections – the waves, used in order to react on the impulse sufficiently (marked by letters)

The Identification of Wave and Procedure of it's Plotting on the Price Chart

The market wave analysis marks out several methods in order to identify the wave, when plotting it on the chart: on the closing prices, on the maximum prices and on the minimum ones, or based on the average. For a novice trader, who just started to use the Elliott wave technical analysis, the best way for the waves plotting on the chart is the coupling together the maximum price with the minimum one, and minimum price with the maximum one, respectively. In this case the wave marking becomes visual, and the novice trader quickly “gets one’s hand “.

To reduce the risk of loss when using the Forex wave theory and for the proper calculation of stop loss size, special attention should be paid to the length of waves. Experts of the market wave analysis indicate that the longer the impulse waves are, the longer the corrective ones will be, respectively.