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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).

2016	EURUSD	GBPUSD	USDJPY
08 tháng tư	Growth scenario was not allowed All efforts of bulls to break above were in vain. There is a feeling like the car working up the speed faced the wall, which buyers drove in at full speed. Of course, such a painful blow affected their spirit. Breakdown of the upper border of the defined range turned out to be false, the price has u Thêm	Bulls have lost almost all their chances The British currency has also showed a strong upward movement but could not develop its local success. As a result, all efforts were in vain, as the last day the pair had spent in a slow decline. However, although the price has not updated the local Low, in theory chances for resumption of growth Thêm	Correctional growth This pair performed as we expected. The pair continued to decline. This drop is likely to have the impulse character. At this point, perhaps, the price has completed development of the wave iii of downward momentum. The supposed wave [v] will take the shape of final diagonal triangle and then wil Thêm
07 tháng tư	An attempt to break upward	Buy, buy, buy ...	A deeper drop
06 tháng tư	We expect breakdown of the horizontal range	We expect the wave 3 of the ascending impulse	The pair is ready to decline
05 tháng tư	Decline is most likely option	Trying to buy with a pending order	Expecting a deeper drop
04 tháng tư	The first attempt of sales	The two plans for GBP/USD	Cautious purchases

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Wave analysis

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