Forex Wave Analysis and Forecast


Wave Analysis 16.05.2017 (EUR/USD)
Wave Analysis 16.05.2017 (EUR/USD)

16.05.2017 EUR USD A double zigzag within the wave [a] of [w] continues to form. As a result, in a few coming hours we can see the ascending impulse come to an end wit...

Wave Analysis 15.05.2017 (GBP/USD)
Wave Analysis 15.05.2017 (GBP/USD)

15.05.2017 EUR/USD After the double zigzag [a] or [w] was over, a descending impulse in the direction of the wave (а) was formed. As a result, when the local correcti...

Wave Analysis 12.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 12.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

12.05.2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair completed the double zigzag in the wave [a] of [w], which means that the price may resume moving downwards. As a r...

Wave Analysis 08.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 08.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

08.05.2017 EUR USD, “Euro vs US Dollar” It looks like the EUR/UD pair is forming the double zigzag, which may be the wave [a] of [w]. On a shorter timeframe, the price may...

Wave Analysis 11.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 11.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

11.05.2017 EUR USD, “Euro vs US Dollar” Possibly, the EUR/USD pair completed the double zigzag in the wave [a] of [w], which means that the price may resume moving downwar...

Wave Analysis 10.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 10.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

10.05.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair completed the double zigzag in the wave [a] of [w], which means that the price may resume moving downwar...

Wave Analysis 09.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 09.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

09.05.2017 EUR USD, “Euro vs US Dollar” Possibly, the EUR/USD pair completed the double zigzag in the wave [a] of [w]. As a result, in the nearest future the market may fo...

Wave Analysis 05.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 05.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

05.05.2017 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair may is forming the double zigzag, which may be the wave [a] of [w]. On a shorter timeframe, the pric...

Wave Analysis 04.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 04.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

04.05.2017 EUR USD, “Euro vs US Dollar” Possibly, the EUR/USD pair may test the upside border of the diagonal triangle in the wave [a] again. If the price rebounds from it...

Wave Analysis 03.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 03.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

03.05.2017 EUR USD, “Euro vs US Dollar” Possibly, the EUR/USD pair may test the upside border of the diagonal triangle in the wave [a]. If the price rebounds from it, the ...

Wave Analysis 02.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 02.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

02.05.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair completed the fifth wave of the diagonal triangle in the wave [a]. Consequently, later the market may fo...

Wave Analysis 01.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 01.05.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

01.05.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair is about to finish the diagonal triangle in the wave [a]. If the market stays below the pattern’s downsi...

Wave Analysis 28.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 28.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

28.04.2017 EUR USD, “Euro vs US Dollar” At the H4 chart, the EUR/USD pair is about to finish the diagonal triangle in the wave [a]. If the market rebounds from the pattern...

Wave Analysis 27.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 27.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

27.04.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair is about to finish the diagonal triangle in the wave [a] and may test the pattern’s upside border once a...

Wave Analysis 26.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 26.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

26.04.2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the upside border of the diagonal triangle and probably finished the wave [a]. Consequently, in the...

Wave Analysis 25.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 25.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

25.04.2017 EUR USD, “Euro vs US Dollar” Probably, yesterday the EUR/USD pair completed the fifth wave in the ascending wedge [a]. Consequently, in the nearest future the m...

Wave Analysis 24.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 24.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

24.04.2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair broke the critical level of the previous scenario, that’s why the main scenario had to be changed. Possibly, the p...

Wave Analysis 21.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 21.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

21.04.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/UDS pair completed forming the wave [ii]. Earlier, the price finished the double zigzag in the wave 2 and then st...

Wave Analysis 20.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 20.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

20.04.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/UDS pair completed forming the wave [ii]. Earlier, the price finished the bearish impulse in the wave [i], As a r...

Wave Analysis 19.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 19.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

19.04.2017 EUR USD, “Euro vs US Dollar” The EUR/UDS pair continues forming the wave [ii]. Earlier, the price finished the descending impulse in the wave [i], As a result, ...


Be aware of price movement using wave analysis

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.

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.