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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
30 Tháng Mười	Probably, reversal took place As we previously assumed, it is possible that the considered pair completed development of the wave (iv), which took the form of a plane. After a long decline, there are first signs of a reversal, the pair began to grow. Perhaps there was a reversal and in the future we will have an impulse grow Thêm	Ready to grow! Finally, the market is telling that it is ready to get out of a protracted correction and begin a long directional movement. As is the case with the euro/dollar, we also expect an impulse growth caused by formation of the [iii] wave of the rising pulse. The price managed to stay at the level of 61 Thêm	Correction will continue We assume that the considered pair continues development of correction which apparently takes the form of a simple zigzag. At the moment, this model is clearly represented by the wave [b]. To be finally formed, it lacks one more bearish wave. We expect this particular wave in the near future and i Thêm
29 Tháng Mười	The target has been reached	The wave [ii] is formed.	Formation of Zigzag continues
28 Tháng Mười	The final impulse wave u of [c] of (iv) the plane	Perhaps beginning of the wave [iii]	Correction continues
27 Tháng Mười	The plane continues its formation	Pound is ready to resume its attack!	Has the price started the wave [b]?
26 Tháng Mười	Correction continues	Correction continues its formation	Correction is developing

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Wave analysis

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