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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
29 tháng Giêng	Has the third wave started to develop? The Euro has shaked its wings and started moving up. Therefore, we expect formation of the wave iii of the rising impulse. However, the local High, from which the price has repeatedly bounced, has not yet been reached, so we cannot be fully sure impossible, the market may surprise us. For this rea Thêm	Third impulse wave is still evolving As we expected, a sharp decline had a corrective nature and was a part of the wave ii of the supposed upward impulse. Immediately thereafter the price began to grow boosted by development of the wave iii. At the moment, the price continues the mentioned impulse wave which will obviously evolve furt Thêm	Correctional growth The first wave of the assumed downward momentum is obviously over. This explains a sharp growth, which probably has a corrective nature and took the form of a zigzag. At the moment, said correction looks almost completely finished so soon we can expect resumption of drop of the pair within the fra Thêm
28 tháng Giêng	It's time to act	Growth within the wave iii	The fourth wave continues its development
27 tháng Giêng	Less chances for growth	It's time to buy	Still hanging in the fourth wave?
26 tháng Giêng	Third impulse wave is expected	Impulse growth	The wave iv is evolving
25 tháng Giêng	Third impulse wave is expected	Reversal	Correction

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Wave analysis

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