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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
15 tháng Giêng	Buyers are becoming more active Buyers slowly begin to become more active. At least an attempt to unravel the market on their part was, still it has not lead to anything. Maybe today there will be the next attempt of the pair to switch to the impulse growth in the development of wave iii, which as already noted, is likely to be Thêm	Drop does not seem to exhaust its potential The considered pair remains under pressure of sellers and meanwhile the situation makes us expect another bearish wave in the future. Probably this drop is caused by development of zigzag, in which at present the wave [c] is being formed and took a proper impulse shape. So, if this assumption is c Thêm	Bearish scenario continues to dominate We assume that the considered pair continues to develop the wave iii of downward momentum, which, as we repeatedly pointed out, is obviously extended. Currently the decline has stopped, because inside of the mentioned wave iii the fourth corrective wave is obviously being formed. So, if this assum Thêm
14 tháng Giêng	Third wave of the rising impulse	Pound is at the bottom	Short positions are still relevant
13 tháng Giêng	The bullish scenario remains relevant	Completion of the Double Zigzag	Bounce prior to a further drop
12 tháng Giêng	Waiting for a third impulse wave	Reversal is close	Decline will continue
11 tháng Giêng	Impulse is at the very height	The wave (b) of zigzug of the senior level may be formed	Descending impulse is still here

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Wave analysis

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