Forex Wave Analysis and Forecast


NZDUSD Wave Analysis – 03 May, 2019
NZDUSD Wave Analysis – 03 May, 2019

NZDUSD recently reversed up from the support area lying between the key support level 0.6600 (monthly low from the end of December) and the lower daily Bollinger Band.

Platinum Wave Analysis – 25 January, 2019
Platinum Wave Analysis – 25 January, 2019

Platinum recently reversed up from the support area located between the key support level 785.00 (which has been reversing the price from December), lower daily Bollinger Band and th...

EURGBP Wave Analysis – 25 January, 2019
EURGBP Wave Analysis – 25 January, 2019

EURGBP recently reversed up from the support area located between the support levels 0.8630 and 0.8670 -, strengthened by the lower daily Bollinger Band.

Brent Crude Oil Wave Analysis – 24 January, 2019
Brent Crude Oil Wave Analysis – 24 January, 2019

Brent Crude Oil recently reversed down from the resistance area lying at the intersection of the resistance level 63.00 (which also reversed the price at the end of 2018), resistance...

AUDUSD Wave Analysis – 24 January, 2019
AUDUSD Wave Analysis – 24 January, 2019

AUDUSD recently reversed down from the resistance area located between the resistance level 0.7200, 100-day moving average, upper daily Bollinger Band and the resistance trendline of...

Wheat Wave Analysis – 23 January, 2019
Wheat Wave Analysis – 23 January, 2019

Wheat recently broke above the key resistance level 520.00 – which has been steadily reversing the price from the start of January.

GBPUSD Wave Analysis – 23 January, 2019
GBPUSD Wave Analysis – 23 January, 2019

GBPUSD recently broke though the resistance area located between the round resistance level 1.3000 and the resistance trendline of the daily down channel from September.

USDJPY Wave Analysis – 22 January, 2019
USDJPY Wave Analysis – 22 January, 2019

USDJPY recently reversed down from the resistance area located between the key resistance level 109.80 (former multi-month support from August) and the 50% Fibonacci correction of th...

WTI Wave Analysis – 22 January, 2019
WTI Wave Analysis – 22 January, 2019

WTI recently reversed down from the resistance area lying between the pivotal resistance level 54.50 (which stopped the previous correction (4) in December), upper daily Bollinger Ba...

Soy Wave Analysis – 21 January, 2019
Soy Wave Analysis – 21 January, 2019

Soy recently reversed up with the daily Morning Star from the support zone lying at the intersection of the round support level 900.00, 50-day moving average and the 50% Fibonacci co...


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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