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 05.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 05.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 5th, 2016 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair completed the correctional wave 2. Earlier, the price finished the descending impulse in ...

Wave Analysis 02.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 02.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 2nd, 2016 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair completed the correctional wave 2. Earlier, the price finished the descending impulse in the ...

Wave Analysis 01.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 01.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 1st, 2016 EUR USD, “Euro vs US Dollar” After finishing the descending impulse in the wave 1, the EUR/USD pair started a new ascending correction. Later, after ...

Wave Analysis 30.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 30.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 30th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair continues forming the correctional wave 2. Earlier, the price the descending impulse 1 with the extend...

Wave Analysis 29.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 29.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 29th, 2016 EUR USD, “Euro vs US Dollar” After finishing the descending impulse in the wave 1, the EUR/USD pair started a new ascending correction. It’s highly ...

Wave Analysis 28.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 28.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 28th, 2016 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair finished the descending impulse in the wave 1 and started a new ascending correction. As a r...

Wave Analysis 25.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 25.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 25th, 2016 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair is still forming the descending impulse in the wave 1. Earlier, the price finished the e...

Wave Analysis 24.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 24.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 24th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is about to finish the extension in the wave [iii]. It’s highly likely that in the nearest future the ...

Wave Analysis 23.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 23.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 23rd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still forming the descending extension in the wave [iii]. Earlier, after completing the triangle in...

Wave Analysis 22.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 22.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 22nd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is forming the descending extension in the wave [iii]. Earlier, after completing the triangle in the w...

Wave Analysis 21.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 21.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 21st, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still moving downwards in the wave [iii]. Earlier, after completing the triangle in the wave (B), t...

Wave Analysis 18.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 18.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 18th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still moving downwards. It looks like the price is forming the extension in the wave [iii]. Earlier...

Wave Analysis 17.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 17.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 17th, 2016 EUR USD, “Euro vs US Dollar” At the H4 chart, the EUR/USD pair is forming the extension in the wave [iii]. Earlier, after completing the zigzag in t...

Wave Analysis 15.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 15.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 15th, 2016 EUR USD, “Euro vs US Dollar” At the H4 chart, the EUR/USD pair is probably forming the extension in the wave [iii]. Earlier, after completing the zi...

Wave Analysis 14.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 14.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 14th, 2016 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair completed the triangle in the wave (B) and then formed the descending impulse in the wav...

Wave Analysis 11.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 11.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 11th, 2016 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair completed the triangle in the wave (B) and then formed the descending impulse in the wav...

Wave Analysis 10.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 10.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 10th, 2016 EUR USD, “Euro vs US Dollar” Possibly, the EUR/USD pair completed the triangle in the wave (B). In this case, the current descending impulse may be ...

Wave Analysis 09.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 09.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 9th, 2016 EUR USD, “Euro vs US Dollar” At the daily chart, the EUR/USD pair is probably still forming the triangle in the wave (B). It’s highly likely that dur...

Wave Analysis 08.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 08.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 8th, 2016 EUR USD, “Euro vs US Dollar” At the H4 chart, the EUR/USD pair probably completed the zigzag in the wave [ii]. Consequently, in the nearest future th...

Wave Analysis 07.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 07.11.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for November 7th, 2016 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair completed the zigzag in the wave [ii]. On a shorter timeframe, the price is forming the desce...


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.