Wave analysis of the Forex market or Elliott wave principle is the type of technical analysis considering price to be similar to ebbs and flows. All price movements on the Forex market are subject to two types of waves:
- Impulse, or motive, phase – the waves which move price up or down (shown by digits)
- Correction phase: waves that respond to impulse (shown by letters).
| 2015 | EURUSD | GBPUSD | USDJPY |
| 23 October | Our assumption that the wave (iv) has taken the form of a horizontal triangle proved to be wrong. At the time when the expected continuation of flat, the price sharply fell. However, this decline affects the overall picture in no way. As before, we assume that the wedge as the first waves of the | In this pair so far everything is quiet, no significant changes have happened. The British currency did not succumb to provocations on the part of bears that could bring down the euro. As a result, the pair has almost remained in place. Thus, it is possible that at the moment we have formation of | This pair surprises us again. The yen was going to attack, but suddenly stops suddenly and resumes its growth. The same happened this time, the downward movement was contained. The momentum did not receive a proper scope and the price began to grow. It is possible that this growth has a correctiv |
| 22 October | |||
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| 19 October |
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