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 20.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 20.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. It looks like after finishing the wedge in the wave [a], the price started forming the correctional wave [b...

Wave Analysis 19.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 19.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair finished the wedge in the wave [a]. As a result, in the nearest future the market may continue forming the correctional wav...

Wave Analysis 18.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 18.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair continues forming the wave 2. Yesterday, the price finished the wedge in the wave [a] and rebounded from its upside border. As a resu...

Wave Analysis 17.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 17.01.2017 (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 zigzag in the wave 2. As a result, in the future the mark...

Wave Analysis 16.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 16.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 16th, 2017 EUR USD, “Euro vs US Dollar” It looks like after finishing the descending wedge in the wave 1, the EUR/USD pair completed the zigzag in the wave...

Wave Analysis 13.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 13.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 13th, 2017 EUR USD, “Euro vs US Dollar” After finishing the wedge in the wave 1, the EUR/USD pair started a new correction. Probably, the wave 2 was also c...

Wave Analysis 12.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 12.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 12th, 2017 EUR USD, “Euro vs US Dollar” In case of the EUR/USD pair, the correction continues. Earlier, the price formed the bearish wedge in the wave 1. A...

Wave Analysis 11.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 11.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 11th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. It looks like the price is forming the wave [b] in the zigzag 2. As a re...

Wave Analysis 10.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 10.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 10th, 2017 EUR USD, “Euro vs US Dollar” It looks like the EUR/USD pair is still being corrected to the upside. Earlier, the price finished the bearish wedg...

Wave Analysis 09.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 09.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 9th, 2017 EUR USD, “Euro vs US Dollar” After finishing the wedge in the wave 1, the EUR/USD pair started a new ascending correction. It’s highly likely tha...

Wave Analysis 06.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 06.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 6th, 2017 EUR USD, “Euro vs US Dollar” After finishing the fifth wave in the wedge 1 at the beginning of January and, thus, completing the pattern itself, the E...

Wave Analysis 06.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 06.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 6th, 2017 EUR USD, “Euro vs US Dollar” After finishing the fifth wave in the wedge 1 at the beginning of January and, thus, completing the pattern it...

Wave Analysis 05.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 05.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 5th, 2017 EUR USD, “Euro vs US Dollar” After finishing the descending wave 1 in the form of the wedge, the EUR/USD pair started a new ascending correction. Cons...

Wave Analysis 04.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 04.01.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for January 4th, 2017 EUR USD, “Euro vs US Dollar” After finishing the triangle in the wave (B), the EUR/USD pair resumed its decline. Probably, the price completed the des...

Wave Analysis 30.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 30.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 30th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair has made a quick ascending movement and, probably, completed the wave [ii]. As a result, in the neares...

Wave Analysis 29.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 29.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 29th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. It’s highly likely that the price is about to finish the wave [ii] and may b...

Wave Analysis 28.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 28.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 28th, 2016 EUR USD, “Euro vs US Dollar” Probably, the EUR/USD pair is still being corrected. It’s highly likely that in the nearest future the market may finis...

Wave Analysis 27.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 27.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 27th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected to the upside in the wave [ii]. Earlier, the price completed the bearish impu...

Wave Analysis 26.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 26.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 26th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected to the upside. Earlier, the price completed the descending impulse in the wav...

Wave Analysis 23.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
Wave Analysis 23.12.2016 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Forecast for December 23rd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still forming the correctional wave [ii]. Earlier, the price completed the descending impulse in th...


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.