Forex Wave Analysis and Forecast


Copper Wave Analysis – 21 September , 2018
Copper Wave Analysis – 21 September , 2018

• Copper broke resistance zone • Further gains are likely Copper continues to rise after the earlier breakout of the resistance zone lying between the resistance level 272....

CHFJPY Wave Analysis – 21 September , 2018
CHFJPY Wave Analysis – 21 September , 2018

• CHFJPY broke key resistance level 117.00 • Further gains are likely CHFJPY continues to rise after the earlier breakout of the key resistance level 117.00 – which a...

NZDJPY Wave Analysis – 20 September , 2018
NZDJPY Wave Analysis – 20 September , 2018

• NZDJPY broke daily down channel • Further gains are likely NZDJPY continues to rise after the earlier breakout of the resistance trendline of the daily down channel from ...

Palladium Wave Analysis – 20 September , 2018
Palladium Wave Analysis – 20 September , 2018

• Palladium rising sharply • Further gains are likely Palladium has been rising sharply in the last few trading sessions following the earlier breakout of the round resista...

Platinum Wave Analysis – 19 September , 2018
Platinum Wave Analysis – 19 September , 2018

Platinum broke resistance zone • Further gains are likely Platinum continues to rise after the earlier breakout of the resistance zone lying between the key resistance level 810...

AUDUSD Wave Analysis – 19 September , 2018
AUDUSD Wave Analysis – 19 September , 2018

AUDUSD reversed from support zone • Further gains are likely AUDUSD recently reversed up from the support zone lying between the key, long-term support level 0.7200 (which has b...

GBPCHF Wave Analysis – 18 September , 2018
GBPCHF Wave Analysis – 18 September , 2018

• GBPCHF reversed from resistance zone • Further losses are likely GBPCHF recently reversed down from the resistance zone located between the pivotal resistance level 1.273...

Palladium Wave Analysis – 18 September , 2018
Palladium Wave Analysis – 18 September , 2018

• Palladium broke key resistance level 970.00 • Further gains are likely Palladium recently broke above the key resistance level 970.00 (which has reversed the price multip...

EURAUD Wave Analysis – 17 September , 2018
EURAUD Wave Analysis – 17 September , 2018

• EURAUD reversed from support zone • Further gains are likely EURAUD recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support are...

Platinum Wave Analysis – 14 September , 2018
Platinum Wave Analysis – 14 September , 2018

• Platinum broke resistance area • Further gains are likely Platinum recently above the resistance area lying between the key round resistance level 800.00 (which has been ...


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.

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