Forex Wave Analysis and Forecast


Wave Analysis 30.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 30.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

30.06.2017EUR USD, “Euro vs US Dollar”The EUR/USD pair reached the upside border of the ascending channel. It’s highly likely that the price finished the bullish impulse in the wave ...

Wave Analysis 29.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 29.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

29.06.2017EUR USD, “Euro vs US Dollar”The EUR/USD pair reached the upside border of the ascending channel. It’s highly likely that the price is about to finish the bullish impulse in...

Wave Analysis 28.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 28.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

28.06.2017EUR USD, “Euro vs US Dollar”The EUR/USD pair continues growing in the ascending impulse c of (y). It’s highly likely that the price is about to finish the bullish impulse i...

Wave Analysis 27.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 27.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

27.06.2017EUR USD, “Euro vs US Dollar”The EUR/USD pair continues growing in the ascending impulse c of (y). It’s highly likely that the price is forming the bullish impulse in the wa...

Wave Analysis 26.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 26.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

26.06.2017EUR USD, “Euro vs US Dollar”It looks like the EUR/USD pair finished the wave [a] or [w] and, as a result, resumed falling. It’s highly likely that the wave (ii) is taking t...

Wave Analysis 23.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 23.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

23.06.2017EUR USD, “Euro vs US Dollar”It looks like the EUR/USD pair finished the wave [a] or [w] and, as a result, resumed falling. Possibly, the wave (i) is taking the form of the ...

Wave Analysis 22.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 22.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

22.06.2017EUR USD, “Euro vs US Dollar”It looks like after completing the diagonal triangle in the wave [5] of c, the EUR/USD pair finished the wave [a] or [w]. Possibly, the wave (i)...

Wave Analysis 21.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 21.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

21.06.2017EUR USD, “Euro vs US Dollar”It looks like after completing the diagonal triangle in the wave [5] of c, the EUR/USD pair finished the wave [a] or [w]. Possibly, the wave (i)...

Wave Analysis 20.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 20.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

20.06.2017EUR USD, “Euro vs US Dollar”It looks like after completing the diagonal triangle in the wave [5] of c, the EUR/USD pair finished the wave [a] or [w]. In the meantime, to co...

Wave Analysis 19.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 19.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

19.06.2017EUR USD, “Euro vs US Dollar”It looks like the EUR/USD pair completed the wave [a] or [w]. On a shorter timeframe, the price finished the diagonal triangle in the wave [5] o...

Wave Analysis 16.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 16.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

16.06.2017EUR USD, “Euro vs US Dollar”It looks like the EUR/USD pair finally completed the wave [a] or [w]. On a shorter timeframe, the price finished the diagonal triangle in the wa...

Wave Analysis 15.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 15.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

15.06.2017EUR USD, “Euro vs US Dollar”It looks like last week the EUR/USD pair completed the wave [a] or [w]. On a shorter timeframe, the price finished the diagonal triangle in the ...

Wave Analysis 13.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 13.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

13.06.2017EUR USD, “Euro vs US Dollar”It looks like last week the EUR/USD pair completed the wave [a] or [w]. On a shorter timeframe, the price finished the diagonal triangle in the ...

Wave Analysis 12.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 12.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

12.06.2017EUR USD, “Euro vs US Dollar”It’s highly likely that last week the EUR/USD pair completed the wave [a] or [w] with the diagonal triangle[5] of c inside it. However, to confi...

Wave Analysis 09.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 09.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

09.06.2017EUR USD, “Euro vs US Dollar”The EUR/USD pair is falling, which means that it probably completed the wave [a] or [w]. On a shorter timeframe, the price finished the diagonal...

Wave Analysis 08.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 08.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

08.06.2017EUR USD, “Euro vs US Dollar”It looks like the EUR/USD pair is still forming the wave [a] or [w]. On a shorter timeframe, the price may yet continue forming the wave [5] of ...

Wave Analysis 07.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 07.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

07.06.2017EUR USD, “Euro vs US Dollar”Probably, the EUR/USD pair finished the ascending wave [a] or [w]. On a shorter timeframe, the price formed the diagonal triangle in the wave [5...

Murrey Math Lines 07.06.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 07.06.2017 (EUR/USD, GBP/JPY)

07.06.2017EUR USD, “Euro vs US Dollar”The EUR/USD pair is still consolidating inside the “overbought zone” between the 8/8 and +1/8 levels. The H4 Super Trend is a support level. As ...

Wave Analysis 06.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 06.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

06.06.2017EUR USD, “Euro vs US Dollar”It looks like the EUR/USD pair is about to finish the ascending wave [a] or [w]. On a shorter timeframe, the price is forming the diagonal trian...

Wave Analysis 05.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 05.06.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

05.06.2017EUR USD, “Euro vs US Dollar”The EUR/USD pair is still forming the ascending wave [a] or [w]. On a shorter timeframe, right now the price is forming the diagonal triangle in...


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.