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 |
| 27 November | The last trading day yielded no results once again, the pair had been standing still for the whole day. In this sense, Friday should be very interesting, because the final day of the trading week give a cause for a good movement. In the present case, we expected a beginning of development of impul | As for the considered pair, no significant changes have happened, because the previous trading day in the USA was holiday. So, the pair also had been standing still for the whole day. In this regard, our expectations on this pair remain the same. In the future, we expect acceleration of impulse d | The considered pair also showed nothing unexpected as well as expected. Price was traded at the same price as it did before. It is possible that today would be a more interesting day in the view of price fluctuations. Our expectations also remain the same, so at the moment we expect further drop |
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