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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
30 April	An ascending impulse is expected to continue An ascending impulse is expected to continueAs we expected, the pair continued its upward movement. So, scenario with evolvement of an ascending impulse continues. Though we think that bulls will not be satisfied with that. The predicted wave (iii) is too short yet, thus in the nearest time we wait More	The wave [iii] has probably finished to develop The Pound has exceed all expectations. British pound has not only grown but its growth was also very confident. Yesterday was again the day when bulls took the advantage. Yesterday’s growth has supposedly formed the wave [iii] of an ascending impulse. So, if the above-mentioned statement is true, so More	Break of the support level is coming The pair has been moving along support level bouncing a little from this level or getting back to it again. It discovers a certain hesitancy but breakthrough will take place to a high probability. It is also proved by the wave picture where the wave 3 of [3] is supposedly developing. So, if the abov More
29 April	Scenario remains the same	Impulse continues to develop	Decline is still expected
28 April	Waiting a further growth of the pair	Ascending impulse continues to evolve	Descending impulse is expected to evolve
27 April	Waiting for a further consolidation of Euro	A further consolidation of Pound is expected	Impulse decline of the pair is expected

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Wave analysis

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