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
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As we expected, the pair started to decline and apparently adjusted such a sharp upward impulsive move. It is possible that the price will be traded within the range for some time, two or three days. So , if this is true, in the near future the flat will develop, and then the pair will continue th

In this pair the situation is similar to the scenario being implemened by the euro/dollar, with the only difference that the correction is not as deep. Besides, the Pound clearly showa that it intends to continue to strengthen. Thus, it is quite possible that in the near future we will see a conti

This pair also sticks our wave scenario. We assumed that by now formation of the fourth corrective wave in the wave iii is over. Thus, the pair apparently will continue to decline which is caused by the wave iii of the downward momentum. Therefore, I opened another Sell trade. This pair also stic

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