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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
23 Tháng Mười	The wave (iv) continued its development Our assumption that the wave (iv) has taken the form of a horizontal triangle proved to be wrong. At the time when the expected continuation of flat, the price sharply fell. However, this decline affects the overall picture in no way. As before, we assume that the wedge as the first waves of the Thêm	Ongoing development of the wave [ii] In this pair so far everything is quiet, no significant changes have happened. The British currency did not succumb to provocations on the part of bears that could bring down the euro. As a result, the pair has almost remained in place. Thus, it is possible that at the moment we have formation of Thêm	Uncertainty This pair surprises us again. The yen was going to attack, but suddenly stops suddenly and resumes its growth. The same happened this time, the downward movement was contained. The momentum did not receive a proper scope and the price began to grow. It is possible that this growth has a correctiv Thêm
22 Tháng Mười	Everything remains as it is	Impulse up is about to occur	The pair is expected to decline
21 Tháng Mười	Expectations remain the same	The wave [ii] is about to complete its formation	We assume that development of the fourth wave is over
20 Tháng Mười	Euro is ready to resume growth	The wave [ii] of (iii) is expected to continue its formation	Decline caused by the wave [v]
19 Tháng Mười	The pair still has a potential for growth	The wave [ii] of (iii) is expected to evolve	The pair is expected to continue decline

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Wave analysis

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