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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).

2015	EURUSD	GBPUSD	USDJPY
18 Tháng mười hai	Third wave of the rising impulse is expected Probably, this pair is coming to the end of a corrective decline pushed by the wave ii of an emerging upward impulse. Although it is possible that correction can take a complex character, yet in the near future we expect resumption of growth of the pair. Anticipating the wave iii of the upward mom Thêm	We assume that correctional decline is over Bears managed to update the Low once again. But the overall situation still looks bullish and here is why. It is likely that the final Diagonal Triangle took a more ambitious form which more clearly shows internal three-wave model. I assume that yesterday the final wave v was formed, which is the Thêm	Impulse decline So far, this pair sticks to the plan. Although a corrective growth took more time than we expected, general expectations were met. We assume that development of the wave ii of the emerging downward momentum is over. This is indirectly pointed by the price, which started looking down. Now we obvi Thêm
17 Tháng mười hai	The wave ii is being formed	The fifth wave of the rising wedge	Goal of the correction has been achieved
16 Tháng mười hai	The upward movement has all the chances to continue	Rising wedge assumed	The first step to a strong drop
15 Tháng mười hai	Uncertainty	Buying seem to be promising	A small adjustment
14 Tháng mười hai	The upward movement is not finished yet	Anticipation of further growth	Yen is gaining confidence

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Wave analysis

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