Forex Wave Analysis and Forecast


Cisco Systems Wave Analysis – 17 January, 2019
Cisco Systems Wave Analysis – 17 January, 2019
Cisco Systems recently rose sharply through the resistance area lying between the resistance levels 48.20 (top of the previous wave A from December) and 48.75 (monthly high from Nove...
NZDJPY Wave Analysis – 17 January, 2019
NZDJPY Wave Analysis – 17 January, 2019
NZDJPY recently reversed down from the resistance area lying between the key, long-term resistance level 73.30 (which has been reversing the price from July) and the upper daily Boll...
Johnson & Johnson Wave Analysis – 16 January, 2019
Johnson & Johnson Wave Analysis – 16 January, 2019
Johnson & Johnson continues to rise after the earlier breakout of the key resistance level 146.90 (monthly high from December).
Corn Wave Analysis – 16 January, 2019
Corn Wave Analysis – 16 January, 2019
Corn recently reversed down from the resistance area lying between the multi-month resistance level 390.00 (which has been reversing the price from October), upper daily Bollinger Ba...
Alibaba Wave Analysis – 14 January, 2019
Alibaba Wave Analysis – 14 January, 2019
Alibaba continues to rise inside the sharp impulse wave C, which recently broke above the resistance level 220.00 (which reversed the price at the start of January) and the resistanc...
Natural Gas Wave Analysis – 14 January, 2019
Natural Gas Wave Analysis – 14 January, 2019
Natural Gas continues to rise inside the impulse wave 3, which started recently from the support area lying between the support level 2.078 (which stopped the sharp downtrend in Augu...
EURGBP Wave Analysis – 14 January, 2019
EURGBP Wave Analysis – 14 January, 2019
EURGBP recently reversed down from the resistance area lying between the resistance level 0.8600 (which has been reversing the price from November), upper daily Bollinger Band and th...
Boeing Wave Analysis – 13 January, 2019
Boeing Wave Analysis – 13 January, 2019
Boeing recently reversed down with the daily Shooting Star from the resistance area lying between the resistance level 340.00 (top of the previous wave A from December), upper daily ...
CHFJPY Wave Analysis – 13 January, 2019
CHFJPY Wave Analysis – 13 January, 2019
CHFJPY recently broke the resistance area lying between the resistance level 112.40 (top of the previous wave (i)) and the 50% Fibonacci correction of the previous downward impulse f...
Groupon Wave Analysis – 10 Janaury, 2019
Groupon Wave Analysis – 10 Janaury, 2019
Groupon recently reversed up sharply from the long-term support area lying between the strong support level 2.12 (which stopped the sharp downtrend at the start of 2016) and the lowe...

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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