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Wave analysis

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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
10 July	Euro is looking up, but is it the time to buy? It seems that having benefited from indecisive behavior of the US dollar, Euro has started to gradually grow. But shall we start to buy?It seems that no. The pair can find itself in a long-term flat, so it is better to stay away. Though you may try to buy minimum volume with minimum risks, but ever More	It looks like beginning of an impulse growth The past trading day was quite lucky for bulls. At least, they managed to stop pressure of sellers. Besides, the pair has demonstrated a slight growth. Perhaps, the correctional wave [ii] has already been formed. If our assumption is correct, the British currency has fine chanced to start consolida More	Situation thickens to a greater extent This pair again shows some strange moves. One would think that bears have finally taken everything over but purchases changed it and led to some growth. Certainly, it can be connected to development of one more wave 1-2 and in this case descending movement can turn out to be rather strong. But as l More
09 July	Growth has started	Expectations remain the same	Yen is attacking
08 July	Bulls still have chances to force their scenario	Trust towards bulls is bating day by day, but it is still here!	Further decline is expected
07 July	The pair is still indecisive	British currency is ready for consolidation	Durable decline of the pair is expected
06 July	Euro may get stronger!	Scenario of bulls is still in effect	Descending impulse is expected

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Wave analysis

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