Forex Wave Analysis and Forecast


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, ...

Wave Analysis 18.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 18.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

18.04.2017 EUR USD, “Euro vs US Dollar” Probably, after finishing the descending impulse in the wave [i], the EUR/UDS pair completed the correctional wave [ii]. As a resul...

Wave Analysis 17.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 17.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

17.04.2017 EUR USD, “Euro vs US Dollar” Probably, after finishing the descending impulse in the wave [i], the EUR/UDS pair completed the correctional wave [ii]. As a resul...

Wave Analysis 14.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 14.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

14.04.2017 EUR USD, “Euro vs US Dollar” Probably, after finishing the descending impulse in the wave [i], the EUR/UDS pair completed the wave [ii]. As a result, in the nea...

Wave Analysis 13.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 13.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

13.04.2017 EUR USD, “Euro vs US Dollar” In case of the EUR/UDS pair, the correction moved to a longer timeframe yesterday and the price formed the wave [ii]. Earlier, the ...

Fibonacci Retracements Analysis 12.04.2017 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 12.04.2017 (EUR/USD, EUR/GBP)

12.04.2017 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair is finishing the correction. The closest target is the group of fibo-levels at 1.0470. If later the ...

Wave Analysis 12.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 12.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

12.04.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/UDS pair is forming the third wave in the extended wave [iii]. Earlier, the price finished the double zigzag in t...

Wave Analysis 11.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 11.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

11.04.2017 EUR USD, “Euro vs US Dollar” Probably, the EUR/UDS pair is forming the descending extension in the wave [iii]. After completing the wave (i), the market is expe...

Wave Analysis 10.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 10.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

10.04.2017 EUR USD, “Euro vs US Dollar” After completing the wave 2 in the form of the double zigzag, the EUR/UDS pair finished the descending impulse in the wave [i]. It ...

Wave Analysis 07.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 07.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

07.04.2017 EUR USD, “Euro vs US Dollar” After completing the wave 2 in the form of the double zigzag and the descending impulse in the wave [i], the EUR/USD pair probably ...

Wave Analysis 06.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 06.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

06.04.2017 EUR USD, “Euro vs US Dollar” In case of the EUR/USD pair, the price is starting the correctional wave [ii]. Earlier, the pair finished the descending impulse in...

Wave Analysis 05.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 05.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

05.04.2017 EUR USD, “Euro vs US Dollar” At the H4 chart, the EUR/USD pair finished the descending impulse in the wave [i]. Earlier, the price completed the wave 2 in the f...

Wave Analysis 04.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 04.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

04.04.2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is about to finish the descending impulse in the wave [i]. Earlier, the price completed the wave 2 in the form of ...

Wave Analysis 03.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 03.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

03.04.2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is about to finish the descending impulse in the wave [i]. Earlier, the price completed the wave 2 in the form of ...

Fibonacci Retracements Analysis 31.03.2017 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 31.03.2017 (EUR/USD, EUR/GBP)

31.03.2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair reached the group of fibo-levels at 1.0680. If the price rebounds from this area, the market may start a new ascen...

Wave Analysis 31.03.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 31.03.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

31.03.2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still falling. Earlier, the price completed the wave 2 in the form of the double zigzag and then started formin...

Wave Analysis 30.03.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 30.03.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

30.03.2017 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair completed the wave 2 in the form of the double zigzag and then started falling in the wave i. Later,...


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.