Forex Wave Analysis and Forecast


Citigroup Wave Analysis – 11 November, 2019
Citigroup Wave Analysis – 11 November, 2019
Citigroup recently broke above the two powerful resistance levels – 72.70 (monthly high from June) – followed by 75.15 (monthly high from September of 2018).
Exxon Mobil Wave Analysis – 08 November, 2019
Exxon Mobil Wave Analysis – 08 November, 2019
Exxon Mobil has been under bullish pressure after the earlier breakout of the resistance level 70.00 (previous upward target).
General Electric Wave Analysis – 07 November, 2019
General Electric Wave Analysis – 07 November, 2019
General Electric recently broke above the key resistance level 10,50 (which has reversed multiple upward impulses from the start of May).
Palladium Wave Analysis – 07 November, 2019
Palladium Wave Analysis – 07 November, 2019
Palladium recently reversed up from support zone lying between the key support level 1750.00 (former resistance from October), lower daily Bollinger Band and the 38,2% Fibonacci corr...
GBPCAD Wave Analysis – 07 November, 2019
GBPCAD Wave Analysis – 07 November, 2019
GBPCAD recently reversed down from resistance zone lying between the strong resistance level 1.7040 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fib...
Goldman Sachs Wave Analysis – 06 November, 2019
Goldman Sachs Wave Analysis – 06 November, 2019
Goldman Sachs recently reversed down from the resistance area lying between the multi-month resistance level 220.00 (which has been reversing the price from July) and the upper daily...
Copper Wave Analysis – 06 November, 2019
Copper Wave Analysis – 06 November, 2019
Copper under bearish pressure after the earlier downward reversal from the resistance area lying between the key resistance level 270.40 (top of the daily Evening Star from September...
USDJPY Wave Analysis – 06 November, 2019
USDJPY Wave Analysis – 06 November, 2019
USDJPY recently reversed down from resistance zone lying between the strong resistance level 109.2 (which has been reversing the price from the start of August), upper daily Bollinge...
Boeing Wave Analysis – 05 November, 2019
Boeing Wave Analysis – 05 November, 2019
Boeing recently reversed up sharply from the powerful support level 320.00 (former multi-month low from the middle of August).
EURCAD Wave Analysis – 05 November, 2019
EURCAD Wave Analysis – 05 November, 2019
EURCAD recently reversed down from resistance zone lying between the strong resistance level 1.4690 (which has been reversing the price from September), upper daily Bollinger Band an...

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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